Gary Mark Bendza Sells 174,539 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 174,539 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $4.05, for a total value of $706,882.95. Following the sale, the executive vice president owned 337,008 shares in the company, valued at approximately $1,364,882.40. This trade represents a 34.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, September 11th, Gary Bendza sold 25,461 shares of Telos stock. The stock was sold at an average price of $4.33, for a total value of $110,246.13.
• On Wednesday, September 9th, Gary Bendza sold 200,000 shares of Telos stock. The shares were sold at an average price of $4.55, for a total value of $910,000.00.
• On Friday, June 26th, Gary Bendza sold 80,140 shares of Telos stock. The shares were 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 shares were 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 Trading Down 1.0%

NASDAQ TLS traded down $0.04 on Monday, hitting $4.03. 654,284 shares of the stock were exchanged, compared to its average volume of 723,177. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The stock has a fifty day moving average price of $4.54 and a two-hundred day moving average price of $4.47. The firm has a market capitalization of $301.19 million, a P/E ratio of -19.19 and a beta of 0.98. Telos Corporation has a 52-week low of $3.79 and a 52-week high of $8.36.

Telos (NASDAQ:TLS) last announced its 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. The business had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%.

Hedge Funds Weigh In On Telos

A number of institutional investors have recently modified their holdings of TLS. Renaissance Technologies LLC grew its stake in Telos by 29.7% in the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after purchasing an additional 256,014 shares in the last quarter. Globeflex Capital L P purchased a new position in Telos during the 2nd quarter worth $1,336,000. Arrowstreet Capital Limited Partnership bought a new stake in Telos during the 1st quarter valued at $170,000. First Trust Advisors LP raised its position in Telos by 13.7% during the 1st quarter. First Trust Advisors LP now owns 146,773 shares of the company’s stock valued at $615,000 after purchasing an additional 17,730 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in shares of Telos by 50.4% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 126,223 shares of the company’s stock worth $529,000 after buying an additional 42,301 shares during the period. 62.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TLS. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Wall Street Zen lowered Telos from a “buy” rating to a “hold” rating in a research report on Sunday. Wedbush cut Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Thursday, September 10th. Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Finally, Needham & Company LLC began coverage on Telos in a research note on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.50.

About Telos

Telos Corporation (NASDAQ:TLS) is a provider of cybersecurity, secure communications and information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.

Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.