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

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of SEALSQ stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $2.69, for a total value of $26,900.00. Following the transaction, the chief financial officer owned 336,095 shares of the company’s stock, valued at $904,095.55. The trade was a 2.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.20, for a total value of $22,000.00.
• On Monday, April 6th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.42, for a total value of $24,200.00.
• On Thursday, April 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were 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 shares were 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 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 shares were sold at an average price of $3.02, for a total value of $30,200.00.

SEALSQ Trading Down 1.8%

Shares of NASDAQ:LAES opened at $2.70 on Friday. The stock has a fifty day simple moving average of $3.29 and a two-hundred day simple moving average of $4.31. SEALSQ Corp. has a 12-month low of $1.99 and a 12-month high of $8.71.

SEALSQ (NASDAQ:LAES) last announced its quarterly earnings data on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.71 million during the quarter.

Institutional Trading of SEALSQ

Several large investors have recently modified their holdings of LAES. Blue Trust Inc. bought a new stake in shares of SEALSQ in the fourth quarter worth $26,000. Wells Fargo & Company MN bought a new stake in shares of SEALSQ in the fourth quarter worth $27,000. IFP Advisors Inc grew its holdings in shares of SEALSQ by 51.7% in the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after acquiring an additional 2,945 shares during the period. Farther Finance Advisors LLC grew its holdings in SEALSQ by 172.2% during the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after purchasing an additional 5,969 shares during the period. Finally, DKM Wealth Management Inc. bought a new stake in SEALSQ during the third quarter valued at about $37,000. Institutional investors own 1.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Cantor Fitzgerald decreased their price target on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Wall Street Zen cut SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Maxim Group set a $8.00 price target on SEALSQ in a research note on Thursday, January 15th. Finally, Zacks Research upgraded SEALSQ to a “hold” rating in a research note on Friday, December 19th. One equities research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.00.

SEALSQ Company Profile

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.