Telos (NASDAQ:TLS) EVP Sells $110,246.13 in Stock

Key Points

• Telos EVP Gary Bendza sold 25,461 shares at an average price of $4.33, generating $110,246; he retained 511,547 shares after the transaction. The sale followed several other large insider sales in recent months.
• Telos shares fell $0.73 to $3.95 in Friday trading, near the company’s 52-week low of $3.79. The company has a market capitalization of approximately $295 million and remains unprofitable, despite beating quarterly earnings and revenue expectations.
• Analyst sentiment is mixed, with Telos carrying a consensus “Hold” rating and a $6.50 target price. Institutional investors own approximately 62.14% of the company.

Telos Corporation (NASDAQ:TLS - Get Free Report) EVP Gary Bendza sold 25,461 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $4.33, for a total transaction of $110,246.13. Following the sale, the executive vice president owned 511,547 shares of the company's stock, valued at approximately $2,214,998.51. This trade represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 9th, Gary Bendza sold 200,000 shares of Telos stock. The stock was sold at an average price of $4.55, for a total transaction of $910,000.00.
• 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 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 shares were sold at an average price of $4.36, for a total transaction of $313,414.24.

Telos Stock Performance

Telos stock traded down $0.73 during mid-day trading on Friday, reaching $3.95. 1,313,997 shares of the company's stock were exchanged, compared to its average volume of 531,734. The firm has a market capitalization of $295.22 million, a PE ratio of -18.81 and a beta of 0.98. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. Telos Corporation has a one year low of $3.79 and a one year high of $8.36. The business's fifty day simple moving average is $4.60 and its 200 day simple moving average is $4.46.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on TLS. Zacks Research raised Telos from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Wall Street Zen cut shares of Telos from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Weiss Ratings upgraded Telos from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 26th. Wedbush cut Telos from an "outperform" rating to a "neutral" rating and set a $5.00 target price for the company. in a research note on Thursday. Finally, Needham & Company LLC initiated coverage on Telos in a research report on Tuesday, May 26th. They set a "buy" rating and a $6.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Telos currently has an average rating of "Hold" and a consensus target price of $6.50.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TLS. Covestor Ltd purchased a new stake in Telos in the fourth quarter worth about $29,000. Integrated Wealth Concepts LLC purchased a new position in shares of Telos during the second quarter valued at approximately $34,000. Quarry LP purchased a new position in shares of Telos during the fourth quarter valued at approximately $39,000. AQR Capital Management LLC bought a new stake in shares of Telos in the 1st quarter worth approximately $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Telos in the 1st quarter worth approximately $43,000. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.