Telos (NASDAQ:TLS) EVP Gary Mark Bendza Sells 200,000 Shares

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 200,000 shares of Telos stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $4.55, for a total value of $910,000.00. Following the transaction, the executive vice president owned 537,008 shares in the company, valued at approximately $2,443,386.40. This represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, June 26th, Gary Bendza sold 80,140 shares of Telos stock. The stock was sold at an average price of $4.41, for a total value of $353,417.40.
• On Thursday, June 25th, Gary 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 Bendza sold 71,884 shares of Telos stock. The stock was sold at an average price of $4.36, for a total value of $313,414.24.

Telos Stock Performance

Shares of TLS stock opened at $4.68 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. Telos Corporation has a 52 week low of $3.79 and a 52 week high of $8.36. The company’s 50 day moving average price is $4.62 and its two-hundred day moving average price is $4.46. The company has a market capitalization of $349.78 million, a P/E ratio of -22.28 and a beta of 0.98.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The company had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million. On average, analysts expect that Telos Corporation will post -0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TLS shares. Needham & Company LLC assumed coverage on Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price for the company. Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Weiss Ratings raised Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. Wedbush downgraded Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report on Thursday. Finally, Wall Street Zen downgraded Telos from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.50.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP raised its holdings in Telos by 322.9% during the third quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock worth $6,215,000 after acquiring an additional 693,716 shares in the last quarter. Jane Street Group LLC acquired a new position in Telos during the second quarter valued at approximately $1,801,000. Marshall Wace LLP grew its stake in Telos by 161.6% in the third quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock valued at $6,232,000 after purchasing an additional 562,878 shares in the last quarter. Lazard Asset Management LLC bought a new position in Telos in the fourth quarter valued at approximately $2,494,000. Finally, Millennium Management LLC increased its position in shares of Telos by 28.1% during the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock worth $14,296,000 after purchasing an additional 457,997 shares during the last quarter. Institutional investors and hedge funds own 62.14% of the company’s stock.

Telos Company Profile

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.