Key Points
- Telos EVP Gary Bendza sold 25,461 shares at an average price of $4.33, generating $110,246.13 and reducing his direct stake by 4.74% to 511,547 shares.
- The sale follows several earlier transactions, including 200,000 shares sold on September 9 and more than 250,000 shares sold in late June, indicating continued insider selling.
- Telos recently exceeded quarterly earnings and revenue expectations, but remains unprofitable; analysts have a consensus “Hold” rating and an average price target of $6.50 versus the stock’s recent opening price of $3.95.
Telos Corporation (NASDAQ:TLS - Get Free Report) EVP Gary Bendza sold 25,461 shares of the business's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $4.33, for a total value of $110,246.13. Following the completion of the transaction, the executive vice president directly 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 position. The transaction was disclosed in a filing 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 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 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 Stock Performance
NASDAQ TLS opened at $3.95 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $295.21 million, a price-to-earnings ratio of -18.81 and a beta of 0.98. The firm's 50 day simple moving average is $4.60 and its 200 day simple moving average is $4.46. Telos Corporation has a 1 year low of $3.79 and a 1 year high of $8.36.
Telos (NASDAQ:TLS - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $47.75 million for the quarter, compared to analysts' expectations of $45.16 million. As a group, research 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 research firms have recently commented on TLS. Wedbush cut Telos from an "outperform" rating to a "neutral" rating and set a $5.00 price target for the company. in a report on Thursday. Weiss Ratings raised Telos from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 26th. Zacks Research upgraded Telos from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Needham & Company LLC began coverage on Telos in a research note on Tuesday, May 26th. They set a "buy" rating and a $6.00 target price for the company. Finally, Wall Street Zen raised shares of Telos from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Telos has a consensus rating of "Hold" and an average price target of $6.50.
Get Our Latest Stock Report on TLS
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of TLS. Covestor Ltd bought a new position in shares of Telos in the 4th quarter valued at $29,000. Integrated Wealth Concepts LLC bought a new stake in Telos during the 2nd quarter worth $34,000. Quarry LP bought a new stake in Telos during the 4th quarter worth $39,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Telos in the 1st quarter worth about $43,000. Finally, Entropy Technologies LP acquired a new position in Telos in the 4th quarter worth about $55,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.
Telos Company Profile
(
Get Free Report)
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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