Telos Corporation (NASDAQ:TLS – Get Free Report) EVP Gary Mark Bendza sold 97,976 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $4.19, for a total value of $410,519.44. Following the completion of the sale, the executive vice president owned 817,148 shares of the company’s stock, valued at $3,423,850.12. This trade represents a 10.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
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 stock was sold at an average price of $4.41, for a total transaction of $353,417.40.
- On Wednesday, June 24th, Gary Mark 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
Shares of NASDAQ:TLS traded up $0.28 on Friday, reaching $4.50. 2,907,509 shares of the company’s stock were exchanged, compared to its average volume of 800,306. The business’s 50-day moving average is $4.47 and its two-hundred day moving average is $4.69. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05. Telos Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $8.36. The firm has a market capitalization of $336.69 million, a price-to-earnings ratio of -12.86 and a beta of 0.97.
Institutional Investors Weigh In On Telos
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in Telos in the fourth quarter worth about $26,000. Covestor Ltd acquired a new position in Telos during the 4th quarter valued at about $29,000. CWM LLC raised its position in shares of Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares in the last quarter. Quarry LP acquired a new stake in shares of Telos in the 4th quarter worth approximately $39,000. Finally, AQR Capital Management LLC bought a new position in shares of Telos in the first quarter valued at approximately $39,000. 62.14% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
TLS has been the topic of a number of research reports. BMO Capital Markets dropped their price target on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Monday, March 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research note on Monday, April 20th. Needham & Company LLC began coverage on Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Wedbush reduced their price target on shares of Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Telos has an average rating of “Hold” and an average target price of $7.10.
Get Our Latest Analysis 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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