Insider Selling: Telos (NASDAQ:TLS) EVP Sells $353,417.40 in Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 80,140 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $4.41, for a total value of $353,417.40. Following the transaction, the executive vice president directly owned 737,008 shares in the company, valued at approximately $3,250,205.28. This represents a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Gary Mark Bendza also recently made the following trade(s):

• On Thursday, June 25th, Gary Mark Bendza sold 97,976 shares of Telos stock. The stock was sold at an average price of $4.19, for a total value of $410,519.44.
• On Wednesday, June 24th, Gary Mark Bendza sold 71,884 shares of Telos stock. The stock was sold at an average price of $4.36, for a total transaction of $313,414.24.

Telos Trading Up 6.6%

TLS stock traded up $0.28 during mid-day trading on Friday, reaching $4.50. The company had a trading volume of 2,907,509 shares, compared to its average volume of 800,306. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. The company has a market capitalization of $336.69 million, a PE ratio of -12.86 and a beta of 0.97. The firm has a 50 day moving average of $4.47 and a 200 day moving average of $4.69. Telos Corporation has a 12 month low of $2.37 and a 12 month high of $8.36.

Telos (NASDAQ:TLS) last issued its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. The business had revenue of $47.74 million for the quarter, compared to analyst estimates of $44.62 million. On average, equities analysts predict that Telos Corporation will post -0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Wedbush lowered their price objective on shares of Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. BMO Capital Markets dropped their target price on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Finally, Needham & Company LLC initiated coverage on shares of Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target for the company. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Telos presently has an average rating of “Hold” and a consensus price target of $7.10.

Institutional Investors Weigh In On Telos

A number of institutional investors have recently added to or reduced their stakes in the stock. Weber Capital Management LLC ADV purchased a new position in Telos in the fourth quarter valued at about $9,152,000. Two Sigma Investments LP lifted its position in shares of Telos by 322.9% during the third quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock valued at $6,215,000 after buying an additional 693,716 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Telos in the 2nd quarter valued at about $1,801,000. Marshall Wace LLP boosted its holdings in shares of Telos by 161.6% in the 3rd quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock valued at $6,232,000 after buying an additional 562,878 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Telos in the 4th quarter worth approximately $2,494,000. Institutional investors own 62.14% of the company’s stock.

About Telos

Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.

Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.