SEALSQ (NASDAQ:LAES) CFO Sells $30,600.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of SEALSQ stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $3.06, for a total transaction of $30,600.00. Following the completion of the sale, the chief financial officer directly owned 296,095 shares of the company’s stock, valued at approximately $906,050.70. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The stock was sold at an average price of $2.91, for a total transaction of $15,277.50.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.79, for a total transaction of $27,900.00.
• On Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.69, for a total transaction of $26,900.00.
• On Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $3.02, for a total transaction of $30,200.00.

SEALSQ Price Performance

NASDAQ:LAES opened at $2.95 on Monday. SEALSQ Corp. has a 12 month low of $1.99 and a 12 month high of $8.71. The company has a 50 day simple moving average of $3.19 and a two-hundred day simple moving average of $4.26.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Cantor Fitzgerald dropped their price target 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Finally, Maxim Group set a $8.00 price target on shares of SEALSQ in a research note on Thursday, January 15th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.00.

Institutional Trading of SEALSQ

Several institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of SEALSQ by 51.7% during the 4th 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 during the period. Engineers Gate Manager LP raised its position in shares of SEALSQ by 4.8% during the 4th quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock valued at $246,000 after purchasing an additional 2,968 shares during the period. Convergence Financial LLC raised its position in shares of SEALSQ by 28.9% during the 4th quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock valued at $54,000 after purchasing an additional 3,189 shares during the period. Farther Finance Advisors LLC raised its position in shares of SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after purchasing an additional 5,969 shares during the period. Finally, Vident Advisory LLC raised its position in shares of SEALSQ by 2.6% during the 4th quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock valued at $1,024,000 after purchasing an additional 6,801 shares during the period. 1.25% of the stock is currently owned by institutional investors.

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.