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

Key Points

• SEALSQ CFO John Charles O'hara sold 10,000 shares on May 29 at an average price of $3.51, totaling $35,100. After the sale, he still owned 266,156 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
• The insider selling has been frequent: O'hara has made multiple stock sales in recent weeks, including several 10,000-share transactions in March and April, suggesting a consistent pattern of disposition.
• SEALSQ shares fell 6.5% to $3.48 amid heavy trading volume, while the company reported a recent quarterly loss of $0.04 per share and revenue of $6.71 million. Analysts currently have a consensus Hold rating with an average price target of $6.00.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) CFO John Charles O'hara sold 10,000 shares of the company's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $3.51, for a total transaction of $35,100.00. Following the completion of the transaction, the chief financial officer owned 266,156 shares in the company, valued at $934,207.56. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 Wednesday, May 27th, John Charles O'hara sold 4,689 shares of SEALSQ stock. The shares were sold at an average price of $3.50, for a total transaction of $16,411.50.
• 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 Wednesday, April 22nd, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.06, for a total transaction of $30,600.00.
• On Monday, April 20th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was 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 stock was 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 stock was 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 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 stock was 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 stock was sold at an average price of $2.99, for a total transaction of $29,900.00.

SEALSQ Trading Down 6.5%

SEALSQ stock traded down $0.24 during trading hours on Friday, reaching $3.48. 19,680,762 shares of the stock were exchanged, compared to its average volume of 10,826,049. SEALSQ Corp. has a twelve month low of $1.99 and a twelve month high of $8.71. The stock has a 50 day moving average of $2.83 and a two-hundred day moving average of $3.74.

SEALSQ (NASDAQ:LAES - Get Free Report) last announced its quarterly earnings data on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.71 million for the quarter. On average, analysts forecast that SEALSQ Corp. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Cantor Fitzgerald dropped their target price on shares of SEALSQ from $7.00 to $4.00 and set an "overweight" rating for the company in a report on Thursday, April 2nd. Wall Street Zen cut shares of SEALSQ from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LAES. Blue Trust Inc. bought a new position in SEALSQ in the 4th quarter valued at approximately $26,000. Wells Fargo & Company MN bought a new position in SEALSQ in the 4th quarter valued at approximately $27,000. IFP Advisors Inc raised its holdings in 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 last quarter. Farther Finance Advisors LLC raised its holdings in 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 last quarter. Finally, NewEdge Advisors LLC bought a new position in SEALSQ in the 4th quarter valued at approximately $40,000. Institutional investors own 1.25% of the company's stock.

SEALSQ Company Profile

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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