Telos (NASDAQ:TLS) EVP Sells $706,882.95 in Stock

Key Points

• Telos EVP Gary Bendza sold 174,539 shares at an average price of $4.05, generating $706,882.95 and reducing his position by 34.12% to 337,008 shares.
• Telos shares fell to $4.03, near the lower end of their 52-week range of $3.79 to $8.36. The company recently beat quarterly earnings and revenue estimates, reporting $0.04 in EPS and $47.75 million in revenue.
• Analyst sentiment is mixed, with Telos carrying an average “Hold” rating and a consensus price target of $6.50; institutional investors own 62.14% of the company.

Telos Corporation (NASDAQ:TLS - Get Free Report) EVP Gary Bendza sold 174,539 shares of the company's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $4.05, for a total value of $706,882.95. Following the completion of the sale, the executive vice president owned 337,008 shares of the company's stock, valued at approximately $1,364,882.40. The trade was a 34.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 shares were 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 stock was 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 stock was sold at an average price of $4.19, for a total transaction 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 transaction of $313,414.24.

Telos Price Performance

Shares of TLS stock traded down $0.04 on Monday, hitting $4.03. 654,284 shares of the stock traded hands, compared to its average volume of 723,177. The firm has a market cap of $301.19 million, a price-to-earnings 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. The firm has a 50 day simple moving average of $4.54 and a two-hundred day simple moving average of $4.47. 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 earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping 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 the consensus estimate of $45.16 million.

Analysts Set New Price Targets

TLS has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Telos from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 26th. Zacks Research raised shares of Telos from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Needham & Company LLC initiated coverage on shares of Telos in a research report on Tuesday, May 26th. They set a "buy" rating and a $6.00 target price for the company. Wedbush cut shares of 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, September 10th. Finally, Wall Street Zen downgraded shares of Telos from a "buy" rating to a "hold" rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Telos presently has an average rating of "Hold" and a consensus target price of $6.50.

Institutional Trading of Telos

A number of large investors have recently added to or reduced their stakes in TLS. Integrated Wealth Concepts LLC bought a new stake in Telos in the second quarter worth $34,000. NewEdge Advisors LLC grew its stake in shares of Telos by 413.6% in the 2nd quarter. NewEdge Advisors LLC now owns 75,186 shares of the company's stock worth $346,000 after buying an additional 60,548 shares in the last quarter. Waverly Advisors LLC purchased a new position in shares of Telos in the 2nd quarter worth $400,000. Public Employees Retirement System of Ohio bought a new stake in shares of Telos in the 2nd quarter worth about $128,000. Finally, Globeflex Capital L P purchased a new stake in shares of Telos during the 2nd quarter valued at about $1,336,000. Institutional investors own 62.14% of the company's stock.

Telos Company Profile

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.

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