Insider Selling: SEALSQ (NASDAQ:LAES) CFO Sells $26,900.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of SEALSQ stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $2.69, for a total transaction of $26,900.00. Following the completion of the sale, the chief financial officer owned 336,095 shares in the company, valued at approximately $904,095.55. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.20, for a total transaction of $22,000.00.
• 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 transaction of $24,200.00.
• On Thursday, April 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.45, for a total transaction of $24,500.00.
• 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 transaction 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 transaction 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 transaction of $30,200.00.

SEALSQ Price Performance

SEALSQ stock opened at $2.70 on Monday. The company’s 50-day moving average price is $3.29 and its two-hundred day moving average price is $4.31. SEALSQ Corp. has a 52 week low of $1.99 and a 52 week high of $8.71.

SEALSQ (NASDAQ:LAES) last released its earnings results on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The business had revenue of $6.71 million for the quarter.

Analysts Set New Price Targets

Several research firms have commented on LAES. Wall Street Zen cut shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Maxim Group set a $8.00 target price on shares of SEALSQ in a research note on Thursday, January 15th. Cantor Fitzgerald lowered their price objective on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. One 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. According to MarketBeat, SEALSQ has an average rating of “Hold” and an average target price of $6.00.

Hedge Funds Weigh In On SEALSQ

Several hedge funds have recently made changes to their positions in LAES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of SEALSQ in the 1st quarter worth approximately $1,365,000. Geode Capital Management LLC grew its stake in shares of SEALSQ by 383.5% in the 2nd quarter. Geode Capital Management LLC now owns 62,449 shares of the company’s stock worth $252,000 after purchasing an additional 49,534 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of SEALSQ in the 2nd quarter worth approximately $76,000. Engineers Gate Manager LP acquired a new position in shares of SEALSQ in the 2nd quarter worth approximately $47,000. Finally, Headlands Technologies LLC acquired a new position in shares of SEALSQ in the 2nd quarter worth approximately $77,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

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.