Insider Selling: Telos (NASDAQ:TLS) EVP Sells 200,000 Shares

Key Points

• Telos EVP Gary Bendza sold 200,000 shares at an average price of $4.55, generating $910,000 and reducing his direct ownership by 27.14% to 537,008 shares.
• Telos shares opened at $4.61, near their 50-day average of $4.63, while the company recently beat quarterly earnings and revenue estimates with EPS of $0.04 and revenue of $47.75 million.
• Institutional investors own 62.14% of Telos, and analysts maintain a “Moderate Buy” consensus with an average price target of $7.10, despite mixed individual ratings.

Telos Corporation (NASDAQ:TLS - Get Free Report) EVP Gary Bendza sold 200,000 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $4.55, for a total transaction of $910,000.00. Following the transaction, the executive vice president directly owned 537,008 shares in the company, valued at $2,443,386.40. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction 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 Stock Down 1.1%

Shares of NASDAQ:TLS opened at $4.61 on Thursday. Telos Corporation has a 1 year low of $3.79 and a 1 year high of $8.36. The company has a market capitalization of $344.55 million, a PE ratio of -21.95 and a beta of 0.98. The business has a fifty day moving average price of $4.63 and a two-hundred day moving average price of $4.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26.

Telos (NASDAQ:TLS - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The company 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%. Analysts forecast that Telos Corporation will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On Telos

A number of institutional investors and hedge funds have recently modified their holdings of TLS. Vanguard Group Inc. grew its stake in Telos by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company's stock valued at $19,938,000 after acquiring an additional 104,515 shares in the last quarter. Millennium Management LLC boosted its holdings in Telos by 28.1% in the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company's stock valued at $14,296,000 after purchasing an additional 457,997 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Telos by 11.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company's stock valued at $11,592,000 after purchasing an additional 169,285 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Telos by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company's stock worth $6,945,000 after purchasing an additional 47,688 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Telos by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company's stock worth $5,417,000 after purchasing an additional 115,884 shares during the period. 62.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TLS has been the topic of several research reports. Zacks Research upgraded Telos from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of Telos from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 26th. Wall Street Zen downgraded shares of Telos from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Finally, Needham & Company LLC began coverage on shares of Telos in a research note on Tuesday, May 26th. They set a "buy" rating and a $6.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $7.10.

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.

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