Insider Selling: SEALSQ (NASDAQ:LAES) CFO Sells 10,000 Shares of Stock

Key Points

• SEALSQ CFO John Charles O'hara sold six blocks of 10,000 shares (totaling 60,000 shares) between March 19 and April 8, with the April 8 sale of 10,000 shares at $2.20 executed under a Rule 10b5-1 trading plan and leaving him with 225,595 shares.
• The stock traded down about 2.3% to $2.09 on elevated volume and is well below its 50-day ($3.51) and 200-day ($4.38) moving averages; analysts have a consensus rating of "Hold" with an average target price of $6.00.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) CFO John Charles O'hara sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $2.20, for a total transaction of $22,000.00. Following the completion of the transaction, the chief financial officer directly owned 225,595 shares of the company's stock, valued at $496,309. This trade represents a 4.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $30,200.00.

SEALSQ Trading Down 2.3%

NASDAQ LAES traded down $0.05 on Thursday, reaching $2.09. 10,725,514 shares of the company's stock traded hands, compared to its average volume of 8,246,799. The stock has a 50 day moving average price of $3.51 and a 200-day moving average price of $4.38. SEALSQ Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $8.71.

SEALSQ (NASDAQ:LAES - Get Free Report) last issued its quarterly earnings data on Monday, March 16th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $6.71 million for the quarter.

Institutional Trading of SEALSQ

Several hedge funds have recently made changes to their positions in LAES. Blue Trust Inc. purchased a new stake in shares of SEALSQ in the 4th quarter valued at approximately $26,000. Wells Fargo & Company MN purchased a new stake in shares of SEALSQ in the 4th quarter valued at approximately $27,000. IFP Advisors Inc grew its stake in shares of SEALSQ by 51.7% in the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company's stock valued at $33,000 after buying an additional 2,945 shares during the period. Farther Finance Advisors LLC grew its stake in shares of SEALSQ by 172.2% in the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company's stock valued at $36,000 after buying an additional 5,969 shares during the period. Finally, DKM Wealth Management Inc. purchased a new stake in shares of SEALSQ in the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 1.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LAES. Cantor Fitzgerald reduced their price target on shares of SEALSQ from $7.00 to $4.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. Wall Street Zen cut shares of SEALSQ from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of SEALSQ in a research note on Friday, January 9th. Zacks Research raised shares of SEALSQ to a "hold" rating in a research note on Friday, December 19th. Finally, Maxim Group set a $8.00 price objective on shares of SEALSQ in a research note on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, SEALSQ has a consensus rating of "Hold" and an average 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.

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