Traders Buy Large Volume of Call Options on SEALSQ (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 148,415 call options on the company. This represents an increase of 339% compared to the average volume of 33,782 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LAES shares. Cantor Fitzgerald decreased their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a report on Tuesday, June 16th. One 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.00.

Insider Activity

In other news, VP Jean-Pierre Enguent sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $2.20, for a total transaction of $33,000.00. Following the completion of the sale, the vice president owned 15,000 shares of the company’s stock, valued at approximately $33,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $3.69, for a total value of $36,900.00. Following the completion of the transaction, the chief financial officer directly owned 256,156 shares in the company, valued at $945,215.64. The trade was a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 110,664 shares of company stock worth $311,595 over the last ninety days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. IFP Advisors Inc raised its position in SEALSQ by 51.7% in the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after buying an additional 2,945 shares during the last quarter. Engineers Gate Manager LP grew its stake in shares of SEALSQ by 4.8% during the 4th quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock worth $246,000 after acquiring an additional 2,968 shares in the last quarter. Convergence Financial LLC raised its holdings in shares of SEALSQ by 28.9% in the fourth quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock valued at $54,000 after purchasing an additional 3,189 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of SEALSQ by 172.2% in 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 last quarter. Finally, Vident Advisory LLC lifted its position in shares of 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 purchasing an additional 6,801 shares in the last quarter. 1.25% of the stock is currently owned by institutional investors.

SEALSQ Trading Down 1.1%

Shares of NASDAQ LAES traded down $0.04 during mid-day trading on Thursday, reaching $3.06. 20,609,505 shares of the company’s stock were exchanged, compared to its average volume of 12,558,094. The business has a fifty day simple moving average of $3.14 and a 200 day simple moving average of $3.51. SEALSQ has a twelve month low of $1.99 and a twelve month high of $8.71.

SEALSQ (NASDAQ:LAES) last issued its quarterly earnings data on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The company had revenue of $6.71 million for the quarter. Sell-side analysts anticipate that SEALSQ will post -0.17 earnings per share for the current fiscal year.

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.