Cantor Fitzgerald Lowers SEALSQ (NASDAQ:LAES) Price Target to $4.00

SEALSQ (NASDAQ:LAES) had its price target decreased by Cantor Fitzgerald from $7.00 to $4.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 60.00% from the company’s current price.

Other analysts have also issued reports about the company. Zacks Research raised SEALSQ to a “hold” rating in a research note on Friday, December 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Finally, Maxim Group set a $8.00 target price on shares of SEALSQ in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.00.

SEALSQ Stock Performance

LAES stock opened at $2.50 on Thursday. SEALSQ has a 12-month low of $2.12 and a 12-month high of $8.71. The business’s 50-day moving average is $3.66 and its 200 day moving average is $4.41.

Insider Activity at SEALSQ

In other news, CFO John Charles O’hara sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $2.92, for a total value of $29,200.00. Following the transaction, the chief financial officer directly owned 165,183 shares in the company, valued at approximately $482,334.36. This represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 35,000 shares of company stock valued at $104,450.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in shares of SEALSQ in the 4th quarter valued at $26,000. Wells Fargo & Company MN acquired a new position in shares of SEALSQ in the fourth quarter valued at approximately $27,000. IFP Advisors Inc grew its holdings in shares of SEALSQ by 51.7% in the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after purchasing an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC increased its stake in SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock worth $36,000 after buying an additional 5,969 shares during the period. Finally, DKM Wealth Management Inc. acquired a new stake in SEALSQ during the 3rd quarter worth approximately $37,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

About SEALSQ

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions.