SEALSQ (NASDAQ:LAES) CFO Sells $29,200.00 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, March 25th. The stock was sold at an average price of $2.92, for a total value of $29,200.00. Following the completion of the transaction, the chief financial officer directly owned 165,183 shares in the company, valued at $482,334.36. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

John Charles O’hara also recently made the following trade(s):

• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were 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 transaction of $30,200.00.

SEALSQ Stock Performance

Shares of SEALSQ stock opened at $2.45 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38. SEALSQ Corp. has a 52-week low of $2.12 and a 52-week high of $8.71. The company’s 50 day moving average price is $3.89 and its 200-day moving average price is $4.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in shares of SEALSQ by 51.7% in the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after purchasing an additional 2,945 shares during the period. Engineers Gate Manager LP increased its position in shares of SEALSQ by 4.8% during the fourth quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock valued at $246,000 after buying an additional 2,968 shares during the period. Convergence Financial LLC increased its position in shares of SEALSQ by 28.9% during the fourth quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock valued at $54,000 after buying an additional 3,189 shares during the period. Farther Finance Advisors LLC raised its stake in SEALSQ by 172.2% in 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 lifted its holdings in SEALSQ by 2.6% in 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 during the period. 1.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LAES. Zacks Research upgraded shares of SEALSQ to a “hold” rating in a research report on Friday, December 19th. Maxim Group set a $8.00 target price on shares of SEALSQ in a report on Thursday, January 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Finally, Cantor Fitzgerald started coverage on SEALSQ in a report on Thursday, December 18th. They set an “overweight” rating and a $7.00 price target on the stock. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.50.

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.