Telos Corporation (NASDAQ:TLS – Get Free Report) EVP Gary Mark Bendza sold 71,884 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $4.36, for a total transaction of $313,414.24. Following the transaction, the executive vice president directly owned 915,124 shares in the company, valued at $3,989,940.64. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Gary Mark Bendza also recently made the following trade(s):
- On Friday, June 26th, Gary Mark 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 Mark 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.
Telos Stock Performance
Shares of NASDAQ TLS traded up $0.28 during midday trading on Friday, reaching $4.50. 2,907,509 shares of the company were exchanged, compared to its average volume of 800,306. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05. Telos Corporation has a 1 year low of $2.37 and a 1 year high of $8.36. The stock has a fifty day simple moving average of $4.47 and a 200 day simple moving average of $4.69. The stock has a market cap of $336.69 million, a P/E ratio of -12.86 and a beta of 0.97.
Institutional Investors Weigh In On Telos
Several institutional investors have recently made changes to their positions in TLS. Invesco Ltd. lifted its stake in shares of Telos by 51.3% in the first quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock valued at $95,000 after purchasing an additional 13,584 shares during the period. AQR Capital Management LLC acquired a new position in Telos during the first quarter worth about $39,000. NewEdge Advisors LLC grew its position in Telos by 28.7% during the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after buying an additional 4,000 shares during the period. Rhumbline Advisers increased its holdings in Telos by 3.4% in the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after buying an additional 2,740 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Telos by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after acquiring an additional 3,889 shares during the period. 62.14% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TLS has been the subject of several recent research reports. Needham & Company LLC initiated coverage on Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Wedbush reduced their target price on shares of Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Finally, BMO Capital Markets dropped their price target on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a research note on Monday, March 16th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Telos currently has a consensus rating of “Hold” and an average price target of $7.10.
View Our Latest Stock Report on TLS
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.
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