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

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $3.02, for a total transaction of $30,200.00. Following the completion of the sale, the chief financial officer owned 205,183 shares of the company’s stock, valued at approximately $619,652.66. This represents a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

SEALSQ Stock Performance

Shares of SEALSQ stock opened at $2.88 on Wednesday. SEALSQ Corp. has a 52-week low of $2.12 and a 52-week high of $8.71. The firm’s 50 day moving average price is $4.00 and its 200-day moving average price is $4.45. The company has a quick ratio of 7.26, a current ratio of 7.38 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Cantor Fitzgerald began coverage on SEALSQ in a report on Thursday, December 18th. They issued an “overweight” rating and a $7.00 price target for the company. Maxim Group set a $8.00 target price on SEALSQ in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research report on Friday, January 9th. Finally, Zacks Research raised shares of SEALSQ to a “hold” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, SEALSQ presently has an average rating of “Hold” and a consensus target price of $7.50.

Hedge Funds Weigh In On SEALSQ

A number of hedge funds have recently made changes to their positions in LAES. Blue Trust Inc. purchased a new stake in SEALSQ during the 4th quarter worth about $26,000. Wells Fargo & Company MN acquired a new position in shares of SEALSQ during the fourth quarter worth about $27,000. IFP Advisors Inc grew 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 worth $33,000 after buying an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of 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 during the period. Finally, DKM Wealth Management Inc. purchased a new stake in shares of SEALSQ during the third quarter worth approximately $37,000. Hedge funds and other 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.