Insider Selling: Telos (NASDAQ:TLS) EVP Sells 242,337 Shares of Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 242,337 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $6.19, for a total value of $1,500,066.03. Following the transaction, the executive vice president directly owned 637,574 shares in the company, valued at approximately $3,946,583.06. This trade represents a 27.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Telos Stock Up 4.8%

Telos stock traded up $0.29 during mid-day trading on Thursday, reaching $6.35. The stock had a trading volume of 2,609,192 shares, compared to its average volume of 930,234. The firm has a market capitalization of $468.31 million, a PE ratio of -15.49 and a beta of 1.08. Telos Corporation has a fifty-two week low of $1.83 and a fifty-two week high of $8.36. The stock’s 50-day simple moving average is $6.47 and its 200-day simple moving average is $5.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.76.

Telos (NASDAQ:TLS) last issued its earnings results on Monday, November 10th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. Telos had a negative return on equity of 26.12% and a negative net margin of 20.47%.The company had revenue of $51.44 million for the quarter, compared to analysts’ expectations of $45.70 million. On average, sell-side analysts forecast that Telos Corporation will post -0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Telos

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in shares of Telos by 51.3% in the 1st quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock worth $95,000 after buying an additional 13,584 shares during the last quarter. Nuveen LLC bought a new stake in Telos in the first quarter worth about $457,000. American Century Companies Inc. raised its position in Telos by 12.8% in the first quarter. American Century Companies Inc. now owns 108,217 shares of the company’s stock worth $258,000 after acquiring an additional 12,284 shares during the period. Tocqueville Asset Management L.P. boosted its stake in Telos by 17.7% in the first quarter. Tocqueville Asset Management L.P. now owns 465,000 shares of the company’s stock valued at $1,107,000 after acquiring an additional 70,000 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of Telos during the 1st quarter valued at approximately $30,000. 62.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TLS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a report on Wednesday, October 8th. DA Davidson lifted their price target on Telos from $4.00 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Wedbush increased their price objective on Telos from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Wall Street Zen raised Telos from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, B. Riley reiterated a “buy” rating and set a $9.00 price target (up previously from $8.50) on shares of Telos in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Telos currently has an average rating of “Hold” and an average target price of $7.75.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.