SEALSQ (NASDAQ:LAES) CFO John Charles O’hara Sells 10,000 Shares of Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $2.42, for a total value of $24,200.00. Following the sale, the chief financial officer directly owned 245,595 shares of the company’s stock, valued at $594,339.90. This represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 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 value 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 value 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 value 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 value of $30,200.00.

SEALSQ Price Performance

Shares of LAES stock opened at $2.38 on Tuesday. The stock has a 50 day moving average price of $3.62 and a 200 day moving average price of $4.41. SEALSQ Corp. has a 52-week low of $2.12 and a 52-week high of $8.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of SEALSQ by 68.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 48,365 shares of the company’s stock valued at $183,000 after acquiring an additional 19,664 shares during the period. Virtu Financial LLC purchased a new position in shares of SEALSQ in the 4th quarter valued at $588,000. Virtue Capital Management LLC increased its holdings in shares of SEALSQ by 480.8% in the 4th quarter. Virtue Capital Management LLC now owns 112,000 shares of the company’s stock valued at $423,000 after acquiring an additional 92,717 shares during the period. Vident Advisory LLC increased its holdings in shares of SEALSQ by 2.6% in the 4th quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock valued at $1,024,000 after acquiring an additional 6,801 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of SEALSQ in the 4th quarter valued at $40,000. 1.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on LAES. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of SEALSQ in a report on Friday, January 9th. Maxim Group set a $8.00 price objective on SEALSQ in a report on Thursday, January 15th. Cantor Fitzgerald reduced their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, Zacks Research upgraded SEALSQ to a “hold” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

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.