SEALSQ (NASDAQ:LAES) Stock Rating Raised to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of SEALSQ (NASDAQ:LAES) from a strong sell rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SEALSQ presently has an average rating of “Hold” and an average target price of $6.00.

SEALSQ Stock Down 6.2%

NASDAQ LAES opened at $2.11 on Friday. The firm’s fifty day simple moving average is $2.45 and its two-hundred day simple moving average is $2.73. SEALSQ has a 12-month low of $1.99 and a 12-month high of $8.71.

SEALSQ (NASDAQ:LAES) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $5.58 million during the quarter. On average, analysts predict that SEALSQ will post -0.24 earnings per share for the current fiscal year.

Insider Transactions at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 35,000 shares of the firm’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $2.46, for a total value of $86,100.00. Following the completion of the transaction, the vice president owned 35,000 shares of the company’s stock, valued at approximately $86,100. 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 65,000 shares of company stock worth $159,000.

Institutional Investors Weigh In On SEALSQ

A number of large investors have recently made changes to their positions in the stock. Anson Funds Management LP purchased a new position in SEALSQ in the 1st quarter worth $32,639,000. L1 Global Manager Pty Ltd purchased a new stake in SEALSQ during the 4th quarter valued at about $756,000. Headlands Technologies LLC purchased a new stake in SEALSQ during the 2nd quarter valued at about $630,000. Virtu Financial LLC acquired a new position in shares of SEALSQ in the fourth quarter valued at about $588,000. Finally, Squarepoint Ops LLC increased its holdings in shares of SEALSQ by 125.0% in the second quarter. Squarepoint Ops LLC now owns 179,854 shares of the company’s stock valued at $567,000 after purchasing an additional 99,924 shares during the period. 1.25% of the stock is owned by hedge funds and other institutional investors.

SEALSQ Company Profile

SEALSQ Corp. (NASDAQ: LAES) develops and supplies semiconductor and cybersecurity solutions designed to support digital identity, device security, and trusted communications. Its offerings include secure microcontrollers, hardware security modules, and public key infrastructure (PKI) technologies that help authenticate connected devices, protect digital credentials, and secure data throughout its lifecycle.

The company also focuses on post-quantum cryptography and quantum-resistant security technologies intended to help organizations prepare for future advances in computing.