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

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $3.06, for a total value of $30,600.00. Following the transaction, the chief financial officer directly owned 296,095 shares of the company’s stock, valued at approximately $906,050.70. The trade was a 3.27% decrease in their position. The sale 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.

John Charles O’hara also recently made the following trade(s):

• On Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The stock was sold at an average price of $2.91, for a total value of $15,277.50.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.79, for a total value of $27,900.00.
• On Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.69, for a total value of $26,900.00.
• On Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was 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 stock was 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 stock was 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 Stock Performance

Shares of SEALSQ stock traded up $0.14 on Friday, hitting $2.95. The stock had a trading volume of 7,504,564 shares, compared to its average volume of 9,845,938. The stock has a 50 day moving average of $3.21 and a 200 day moving average of $4.27. SEALSQ Corp. has a twelve month low of $1.99 and a twelve month high of $8.71.

SEALSQ (NASDAQ:LAES) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $6.71 million during the quarter. On average, equities research analysts predict that SEALSQ Corp. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LAES. Blue Trust Inc. bought a new position in SEALSQ during the 4th quarter worth approximately $26,000. Wells Fargo & Company MN bought a new position in SEALSQ during the 4th quarter worth approximately $27,000. IFP Advisors Inc raised its holdings in SEALSQ by 51.7% during the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after purchasing an additional 2,945 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock worth $36,000 after purchasing an additional 5,969 shares during the last quarter. Finally, A&I Financial Services LLC bought a new position in SEALSQ during the 3rd quarter worth approximately $40,000. Institutional investors own 1.25% of the company’s stock.

Analyst Ratings Changes

LAES has been the subject of several recent research reports. Maxim Group set a $8.00 price objective on SEALSQ in a research note on Thursday, January 15th. Wall Street Zen lowered SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Cantor Fitzgerald cut their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, SEALSQ currently has a consensus rating of “Hold” and a consensus price target of $6.00.

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.