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

Key Points

• Wall Street Zen upgraded SEALSQ from “strong sell” to “sell,” while Weiss Ratings maintained a “sell (D-)” rating. Analysts’ overall consensus is “Hold,” with an average price target of $6.00.
• SEALSQ shares opened at $2.11 and were down 6.2%, trading near their one-year low of $1.99. The company reported a quarterly loss of $0.07 per share on $5.58 million in revenue.
• An insider sold 35,000 shares worth $86,100 under a pre-arranged trading plan, contributing to 65,000 shares of insider sales over the past 90 days; institutional investors own 1.25% of the company.

SEALSQ (NASDAQ:LAES - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of SEALSQ in a research note on Friday, September 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $6.00.

SEALSQ Trading Down 6.2%

NASDAQ:LAES opened at $2.11 on Friday. SEALSQ has a one year low of $1.99 and a one year high of $8.71. The company has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.73.

SEALSQ (NASDAQ:LAES - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $5.58 million for the quarter. On average, equities analysts expect that SEALSQ will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Jean-Pierre Enguent sold 35,000 shares of the firm's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $2.46, for a total transaction of $86,100.00. Following the completion of the sale, the vice president directly owned 35,000 shares of the company's stock, valued at $86,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 65,000 shares of company stock worth $159,000.

Institutional Trading of SEALSQ

A number of hedge funds and other institutional investors have recently modified their holdings of LAES. WINTON GROUP Ltd acquired a new position in SEALSQ during the 2nd quarter worth $307,000. Squarepoint Ops LLC raised its position in shares of SEALSQ by 125.0% in the 2nd quarter. Squarepoint Ops LLC now owns 179,854 shares of the company's stock valued at $567,000 after acquiring an additional 99,924 shares during the period. William John Sempolinski bought a new position in shares of SEALSQ during the second quarter worth $125,000. AXQ Capital LP bought a new position in SEALSQ during the second quarter worth about $120,000. Finally, Headlands Technologies LLC acquired a new position in shares of SEALSQ in the 2nd quarter valued at approximately $630,000. Institutional investors and hedge funds own 1.25% of the company's stock.

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.

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