John Charles O'hara Sells 10,000 Shares of SEALSQ (NASDAQ:LAES) Stock

Key Points

• CFO John Charles O'hara has been selling sizable amounts of SEALSQ stock under a pre-arranged Rule 10b5-1 trading plan, disposing of roughly 95,250 shares between March 19 and April 24; the April 22 filing shows he directly owned 296,095 shares valued at about $906,051.
• SEALSQ shares traded up 5.0% to $2.95 on Friday with ~7.5M volume (below the ~9.85M average); the 50-day and 200-day moving averages are $3.21 and $4.27, and the 52-week range is $1.99–$8.71.
• Analysts are mixed: the consensus rating is "Hold" with a $6.00 price target, though several firms have lowered targets or issued sell opinions (e.g., Cantor Fitzgerald cut its target to $4, Wall Street Zen and Weiss Ratings issued sell calls).

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) CFO John Charles O'hara sold 10,000 shares of the business's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $3.06, for a total transaction of $30,600.00. Following the completion of the sale, the chief financial officer directly owned 296,095 shares of the company's stock, valued at approximately $906,050.70. The trade was a 3.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 Friday, April 24th, John Charles O'hara sold 5,250 shares of SEALSQ stock. The shares were sold at an average price of $2.91, for a total transaction of $15,277.50.
• On Monday, April 20th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.79, for a total transaction of $27,900.00.
• On Thursday, April 16th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.69, for a total transaction of $26,900.00.
• On Wednesday, April 8th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.20, for a total transaction of $22,000.00.
• On Monday, April 6th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were 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 shares were 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 Up 5.0%

Shares of SEALSQ stock traded up $0.14 during trading on Friday, reaching $2.95. The company's stock had a trading volume of 7,504,564 shares, compared to its average volume of 9,845,938. The business's 50-day moving average price is $3.21 and its 200-day moving average price is $4.27. SEALSQ Corp. has a 52 week low of $1.99 and a 52 week high of $8.71.

SEALSQ (NASDAQ:LAES - Get Free Report) last announced its earnings results on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $6.71 million for the quarter. As a group, sell-side analysts forecast that SEALSQ Corp. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LAES shares. Maxim Group set a $8.00 price objective on shares of SEALSQ in a research report on Thursday, January 15th. Cantor Fitzgerald cut their price objective 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 report on Saturday, April 4th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of SEALSQ in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $6.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LAES. Blue Trust Inc. acquired a new position in SEALSQ during the fourth quarter worth about $26,000. Wells Fargo & Company MN acquired a new position in SEALSQ during the fourth quarter worth about $27,000. IFP Advisors Inc raised its stake in SEALSQ by 51.7% during the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company's stock worth $33,000 after acquiring an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC raised its stake in SEALSQ by 172.2% during the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company's stock worth $36,000 after acquiring an additional 5,969 shares in the last quarter. Finally, A&I Financial Services LLC acquired a new position in SEALSQ during the third quarter worth about $40,000. Institutional investors and hedge funds own 1.25% of the company's stock.

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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