SEALSQ (NASDAQ:LAES) CFO John Charles O’hara Sells 10,000 Shares

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of SEALSQ stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $2.45, for a total value of $24,500.00. Following the completion of the transaction, the chief financial officer owned 255,595 shares in the company, valued at approximately $626,207.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Charles O’hara also recently made the following trade(s):

• On Monday, April 6th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.42, for a total value of $24,200.00.
• On Wednesday, March 25th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.92, for a total value of $29,200.00.
• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.99, for a total value of $29,900.00.
• On Thursday, March 19th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.02, for a total value of $30,200.00.

SEALSQ Trading Down 4.8%

SEALSQ stock opened at $2.38 on Tuesday. SEALSQ Corp. has a 12-month low of $2.12 and a 12-month high of $8.71. The business’s 50-day moving average price is $3.62 and its two-hundred day moving average price is $4.41.

Analyst Upgrades and Downgrades

LAES has been the topic of a number of recent analyst reports. Wall Street Zen cut SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday. Cantor Fitzgerald cut their price target on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Zacks Research raised SEALSQ to a “hold” rating in a research note on Friday, December 19th. Finally, Maxim Group set a $8.00 price target on SEALSQ in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Institutional Trading of SEALSQ

A number of hedge funds have recently made changes to their positions in LAES. UBS Group AG lifted its stake in shares of SEALSQ by 398.0% in the fourth quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock worth $12,184,000 after acquiring an additional 2,576,003 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of SEALSQ in the fourth quarter worth approximately $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of SEALSQ by 11.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company’s stock worth $2,357,000 after acquiring an additional 59,902 shares during the period. Millennium Management LLC lifted its stake in shares of SEALSQ by 747.8% in the third quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock worth $1,838,000 after acquiring an additional 433,547 shares during the period. Finally, Kessler Investment Group LLC acquired a new position in shares of SEALSQ in the fourth quarter worth approximately $1,287,000. 1.25% of the stock is owned by institutional investors and hedge funds.

SEALSQ Company Profile

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.