SEALSQ Sees Unusually Large Options Volume (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) was the recipient of unusually large options trading activity on Friday. Investors bought 56,289 call options on the stock. This represents an increase of approximately 58% compared to the average volume of 35,657 call options.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LAES shares. Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research note on Tuesday, June 16th. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Finally, Cantor Fitzgerald cut their price target on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.00.

SEALSQ Trading Up 4.1%

NASDAQ LAES opened at $2.54 on Friday. SEALSQ has a twelve month low of $1.99 and a twelve month high of $8.71. The firm has a 50-day simple moving average of $3.11 and a 200 day simple moving average of $3.40.

Insider Buying and Selling at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 15,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $2.82, for a total transaction of $42,300.00. Following the completion of the transaction, the vice president owned 15,000 shares of the company’s stock, valued at $42,300. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Charles O’hara sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $3.69, for a total transaction of $36,900.00. Following the sale, the chief financial officer owned 256,156 shares of the company’s stock, valued at $945,215.64. This trade represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 70,664 shares of company stock worth $224,695 in the last quarter.

Institutional Trading of SEALSQ

A number of hedge funds have recently modified their holdings of LAES. IFP Advisors Inc increased its position in shares of SEALSQ by 51.7% during 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 during the period. Engineers Gate Manager LP lifted its position in SEALSQ by 4.8% in the fourth quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock worth $246,000 after purchasing an additional 2,968 shares during the period. Convergence Financial LLC lifted its position in SEALSQ by 28.9% in the fourth quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock worth $54,000 after purchasing an additional 3,189 shares during the period. Farther Finance Advisors LLC boosted its stake in SEALSQ by 172.2% during the fourth 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 in the last quarter. Finally, Vident Advisory LLC boosted its stake in SEALSQ by 2.6% during the fourth quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock worth $1,024,000 after buying an additional 6,801 shares in the last quarter. Institutional investors 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.