Insider Selling: SEALSQ (NASDAQ:LAES) Insider Sells 5,000 Shares of Stock

SEALSQ Corp. (NASDAQ:LAES) insider Nathalie Claude Odile Verjus sold 5,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $3.03, for a total transaction of $15,150.00. Following the transaction, the insider directly owned 185,000 shares in the company, valued at approximately $560,550. This represents a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

SEALSQ Stock Up 2.0%

SEALSQ stock traded up $0.06 during mid-day trading on Thursday, hitting $3.07. The company’s stock had a trading volume of 7,335,202 shares, compared to its average volume of 8,138,063. The business has a 50 day moving average price of $4.10 and a 200-day moving average price of $4.43. 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 12 month low of $2.12 and a 12 month high of $8.71.

Analysts Set New Price Targets

Several brokerages recently weighed in on LAES. Cantor Fitzgerald initiated coverage on SEALSQ in a report on Thursday, December 18th. They set an “overweight” rating and a $7.00 target price for the company. Maxim Group set a $8.00 price target on SEALSQ in a research note on Thursday, January 15th. Zacks Research upgraded SEALSQ to a “hold” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. One investment 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 stock currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Institutional Trading of SEALSQ

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in SEALSQ during the 1st quarter valued at about $1,365,000. Allworth Financial LP bought a new stake in shares of SEALSQ in the 2nd quarter worth approximately $47,000. Geode Capital Management LLC increased its stake in shares of SEALSQ by 383.5% during 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 during the period. Meridian Wealth Management LLC purchased a new position in shares of SEALSQ during the second quarter valued at approximately $103,000. Finally, MAI Capital Management bought a new position in shares of SEALSQ during the second quarter valued at approximately $50,000. 1.25% of the stock is owned by institutional investors.

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.