SEALSQ (NASDAQ:LAES) CFO Sells $15,277.50 in Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 5,250 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $2.91, for a total value of $15,277.50. Following the transaction, the chief financial officer directly owned 280,845 shares of the company’s stock, valued at $817,258.95. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 22nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.06, for a total value of $30,600.00.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.79, for a total value of $27,900.00.
• On Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.69, for a total value of $26,900.00.
• 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 value 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 value 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 value 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 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 Price Performance

Shares of NASDAQ LAES opened at $2.95 on Monday. The stock has a 50 day moving average price of $3.19 and a 200 day moving average price of $4.26. SEALSQ Corp. has a 52 week low of $1.99 and a 52 week high of $8.71.

SEALSQ (NASDAQ:LAES) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $6.71 million during the quarter. As a group, sell-side analysts predict that SEALSQ Corp. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Maxim Group set a $8.00 price objective on SEALSQ in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a research report on Friday, January 9th. Cantor Fitzgerald cut their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, Wall Street Zen cut SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Trading of SEALSQ

A number of hedge funds have recently made changes to their positions in LAES. Counterpoint Mutual Funds LLC acquired a new stake in SEALSQ during the 3rd quarter worth approximately $502,000. Tudor Investment Corp ET AL acquired a new stake in SEALSQ during the 3rd quarter worth approximately $955,000. True Vision MN LLC acquired a new stake in SEALSQ during the 4th quarter worth approximately $94,000. Caitong International Asset Management Co. Ltd lifted its holdings in SEALSQ by 276.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 28,701 shares of the company’s stock worth $107,000 after purchasing an additional 21,067 shares during the last quarter. Finally, Convergence Financial LLC acquired a new stake in SEALSQ during the 3rd quarter worth approximately $41,000. 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.