SEALSQ (NASDAQ:LAES) VP Jean-Pierre Enguent Sells 35,000 Shares of Company Stock

Key Points

• SEALSQ VP Jean-Pierre Enguent sold 35,000 shares at an average price of $2.46, generating $86,100. The Rule 10b5-1 transaction reduced his position by 50%, leaving him with 35,000 shares.
• SEALSQ shares fell $0.08 to $2.34 during Wednesday trading, compared with a 12-month range of $1.99 to $8.71. The company recently reported a quarterly loss of $0.07 per share on $5.58 million in revenue.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and a $6.00 target price; one analyst rates the stock Buy, one Hold, and one Sell.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) VP Jean-Pierre Enguent sold 35,000 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $2.46, for a total value of $86,100.00. Following the sale, the vice president owned 35,000 shares of the company's stock, valued at approximately $86,100. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were 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 stock was sold at an average price of $2.46, for a total transaction of $36,900.00.

SEALSQ Price Performance

Shares of NASDAQ LAES traded down $0.08 during mid-day trading on Wednesday, hitting $2.34. The stock had a trading volume of 2,889,842 shares, compared to its average volume of 11,334,830. SEALSQ Corp. has a twelve month low of $1.99 and a twelve month high of $8.71. The company has a 50 day moving average of $2.45 and a two-hundred day moving average of $2.74.

SEALSQ (NASDAQ:LAES - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The company had revenue of $5.58 million during the quarter. As a group, equities research analysts forecast that SEALSQ Corp. will post -0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LAES has been the subject of several research reports. Wall Street Zen lowered SEALSQ from a "sell" rating to a "strong sell" rating in a research note on Saturday, September 19th. Weiss Ratings reissued a "sell (d-)" rating on shares of SEALSQ in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.00.

Institutional Trading of SEALSQ

A number of large investors have recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in SEALSQ in the second quarter valued at approximately $307,000. Squarepoint Ops LLC grew its holdings in SEALSQ by 125.0% during the 2nd quarter. Squarepoint Ops LLC now owns 179,854 shares of the company's stock worth $567,000 after acquiring an additional 99,924 shares in the last quarter. William John Sempolinski purchased a new stake in shares of SEALSQ in the 2nd quarter valued at approximately $125,000. AXQ Capital LP acquired a new stake in shares of SEALSQ in the 2nd quarter valued at $120,000. Finally, Headlands Technologies LLC acquired a new stake in shares of SEALSQ in the 2nd quarter valued at $630,000. 1.25% of the stock is currently owned by hedge funds and other institutional investors.

About SEALSQ

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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