Jean-Pierre Enguent Sells 15,000 Shares of SEALSQ (NASDAQ:LAES) Stock

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $2.46, for a total transaction of $36,900.00. Following the sale, the vice president directly owned 15,000 shares in the company, valued at $36,900. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jean-Pierre Enguent also recently made the following trade(s):

• On Wednesday, July 8th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.82, for a total transaction of $42,300.00.

SEALSQ Stock Performance

LAES opened at $2.49 on Friday. The company has a fifty day moving average price of $2.92 and a 200-day moving average price of $3.23. SEALSQ Corp. has a one year low of $1.99 and a one year high of $8.71.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LAES. Anson Funds Management LP purchased a new stake in shares of SEALSQ in the 1st quarter valued at $32,639,000. State of Wyoming grew its stake in shares of SEALSQ by 458.0% during the first quarter. State of Wyoming now owns 34,636 shares of the company’s stock valued at $91,000 after buying an additional 28,429 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of SEALSQ in the first quarter worth about $309,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of SEALSQ by 104.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company’s stock valued at $75,000 after acquiring an additional 14,570 shares during the last quarter. Finally, True Vision MN LLC boosted its holdings in SEALSQ by 240.9% during the 1st quarter. True Vision MN LLC now owns 85,124 shares of the company’s stock valued at $223,000 after acquiring an additional 60,150 shares during the period. 1.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research report on Tuesday, June 16th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.