Insider Selling: SEALSQ (NASDAQ:LAES) VP Sells $48,300.00 in Stock

Key Points

• SEALSQ VP Jean-Pierre Enguent sold 35,000 shares for $48,300 at an average of $1.38, reducing his holdings by 70% to 15,000 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Enguent had also sold 65,000 shares in three earlier transactions listed in the article, at prices between $2.40 and $2.46.
• SEALSQ shares traded at $1.37, near their 12-month low of $1.35; analysts’ consensus rating was Hold, with a $6.00 price target.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) VP Jean-Pierre Enguent sold 35,000 shares of SEALSQ stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $1.38, for a total transaction of $48,300.00. Following the completion of the transaction, the vice president owned 15,000 shares of the company's stock, valued at $20,700. The trade was a 70.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Tuesday, October 6th, Jean-Pierre Enguent sold 35,000 shares of SEALSQ stock. The shares were sold at an average price of $2.46, for a total transaction of $86,100.00.
• On Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.40, for a total transaction of $36,000.00.
• On Wednesday, August 5th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.46, for a total transaction of $36,900.00.

SEALSQ Stock Up 0.7%

SEALSQ stock traded up $0.01 during mid-day trading on Tuesday, reaching $1.37. The company's stock had a trading volume of 3,448,863 shares, compared to its average volume of 10,719,480. The firm's fifty day moving average price is $2.14 and its two-hundred day moving average price is $2.94. SEALSQ Corp. has a 12-month low of $1.35 and a 12-month high of $6.82.

SEALSQ (NASDAQ:LAES - Get Free Report) last posted its quarterly earnings results 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 Corp. will post -0.24 earnings per share for the current year.

Analyst Ratings Changes

LAES has been the subject of several analyst reports. Wall Street Zen upgraded SEALSQ from a "strong sell" rating to a "sell" rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SEALSQ in a research report on Friday, September 11th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.00.

Hedge Funds Weigh In On SEALSQ

A number of institutional investors have recently added to or reduced their stakes in LAES. Asset One Wealth Management LLC purchased a new stake in shares of SEALSQ in the 2nd quarter valued at about $28,000. Signaturefd LLC grew its holdings in shares of SEALSQ by 129.9% during the third quarter. Signaturefd LLC now owns 12,786 shares of the company's stock worth $30,000 after purchasing an additional 7,224 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of SEALSQ by 104.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company's stock worth $75,000 after purchasing an additional 14,570 shares in the last quarter. State of Wyoming increased its position in shares of SEALSQ by 458.0% in the first quarter. State of Wyoming now owns 34,636 shares of the company's stock worth $91,000 after purchasing an additional 28,429 shares during the last quarter. Finally, AXQ Capital LP bought a new position in shares of SEALSQ in the second quarter worth approximately $120,000. 1.25% of the stock is currently owned by institutional investors.

About SEALSQ

SEALSQ Corp. NASDAQ: LAES is a semiconductor and cybersecurity company focused on technologies that help secure connected devices, digital identities and communications. Its business combines secure integrated circuits, public-key infrastructure (PKI) services and cryptographic solutions designed for the Internet of Things, industrial systems and other connected applications.

The company develops secure microcontrollers, hardware security modules and cryptographic hardware that can be used to establish device identity, protect data and support secure authentication.

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