255,220 Shares in SEALSQ Corp. $LAES Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in SEALSQ Corp. (NASDAQ:LAES) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 255,220 shares of the company’s stock, valued at approximately $955,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LAES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in SEALSQ during the 1st quarter worth approximately $1,365,000. Geode Capital Management LLC boosted its stake in shares of SEALSQ by 383.5% in the second quarter. Geode Capital Management LLC now owns 62,449 shares of the company’s stock valued at $252,000 after buying an additional 49,534 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of SEALSQ in the second quarter valued at approximately $76,000. Engineers Gate Manager LP acquired a new position in SEALSQ during the second quarter worth $47,000. Finally, Headlands Technologies LLC acquired a new position in SEALSQ during the second quarter worth $77,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LAES. Zacks Research raised SEALSQ to a “hold” rating in a report on Friday, December 19th. 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 shares of SEALSQ in a report on Thursday, January 15th. Finally, Cantor Fitzgerald initiated coverage on shares of SEALSQ in a research note on Thursday, December 18th. They issued an “overweight” rating and a $7.00 price objective for the company. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Insiders Place Their Bets

In other SEALSQ news, CFO John Charles O’hara sold 10,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 165,183 shares of the company’s stock, valued at approximately $482,334.36. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 35,000 shares of company stock valued at $104,450 over the last quarter.

SEALSQ Stock Down 5.7%

NASDAQ LAES opened at $2.31 on Tuesday. SEALSQ Corp. has a 1-year low of $2.12 and a 1-year high of $8.71. The business has a 50 day moving average price of $3.84 and a 200 day moving average price of $4.44. The company has a quick ratio of 7.26, a current ratio of 7.38 and a debt-to-equity ratio of 0.03.

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.