SEALSQ (NASDAQ:LAES) Stock Rating Lowered by Wall Street Zen

SEALSQ (NASDAQ:LAES) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities analysts have also recently commented on LAES. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Maxim Group set a $8.00 price target on SEALSQ in a report on Thursday, January 15th. Zacks Research raised SEALSQ to a “hold” rating in a research report on Friday, December 19th. Finally, Cantor Fitzgerald dropped their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.00.

SEALSQ Price Performance

Shares of NASDAQ LAES opened at $2.50 on Friday. The stock’s 50-day moving average is $3.66 and its 200 day moving average is $4.41. SEALSQ has a 1-year low of $2.12 and a 1-year high of $8.71.

Insiders Place Their Bets

In related news, CFO John Charles O’hara sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $2.92, for a total transaction of $29,200.00. Following the completion of the transaction, the chief financial officer owned 165,183 shares of the company’s stock, valued at $482,334.36. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 35,000 shares of company stock worth $104,450.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LAES. Counterpoint Mutual Funds LLC purchased a new position in SEALSQ in the 3rd quarter worth approximately $502,000. Tudor Investment Corp ET AL bought a new stake in SEALSQ during the third quarter valued at about $955,000. True Vision MN LLC purchased a new position in SEALSQ during the fourth quarter valued at approximately $94,000. Caitong International Asset Management Co. Ltd increased its stake in SEALSQ by 276.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 28,701 shares of the company’s stock worth $107,000 after buying an additional 21,067 shares in the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in SEALSQ in the 4th quarter worth approximately $119,000. 1.25% of the stock is owned by hedge funds and other institutional investors.

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.