SEALSQ (NASDAQ:LAES) CFO Sells $16,411.50 in Stock

Key Points

• SEALSQ CFO John Charles O'hara sold 4,689 shares on May 27 at an average price of $3.50, totaling $16,411.50. After the trade, he still held 276,156 shares valued at about $966,546.
• The sale was made under a pre-arranged Rule 10b5-1 trading plan, and it followed a series of recent insider sales by O'hara over the prior months.
• SEALSQ stock was trading around $3.48, with recent earnings showing a loss of $0.04 per share and revenue of $6.71 million. Analysts currently have a consensus Hold rating with an average target price of $6.00.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) CFO John Charles O'hara sold 4,689 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $3.50, for a total transaction of $16,411.50. Following the completion of the transaction, the chief financial officer directly owned 276,156 shares of the company's stock, valued at approximately $966,546. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Friday, May 29th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.51, for a total transaction of $35,100.00.
• 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 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.

SEALSQ Stock Performance

LAES stock traded down $0.24 during trading hours on Friday, reaching $3.48. The stock had a trading volume of 19,680,762 shares, compared to its average volume of 10,826,049. The stock has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $3.74. SEALSQ Corp. has a fifty-two week low of $1.99 and a fifty-two week high of $8.71.

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

Institutional Trading of SEALSQ

A number of hedge funds have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in shares of SEALSQ by 51.7% during the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company's stock worth $33,000 after buying an additional 2,945 shares during the last quarter. Engineers Gate Manager LP raised its stake in SEALSQ by 4.8% in the 4th quarter. Engineers Gate Manager LP now owns 65,065 shares of the company's stock worth $246,000 after purchasing an additional 2,968 shares in the last quarter. Convergence Financial LLC raised its stake in SEALSQ by 28.9% in the 4th quarter. Convergence Financial LLC now owns 14,216 shares of the company's stock worth $54,000 after purchasing an additional 3,189 shares in the last quarter. Farther Finance Advisors LLC raised its stake in SEALSQ by 172.2% in the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company's stock worth $36,000 after purchasing an additional 5,969 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in SEALSQ by 2.6% in the 4th quarter. Vident Advisory LLC now owns 270,915 shares of the company's stock worth $1,024,000 after purchasing an additional 6,801 shares in the last quarter. Institutional investors and hedge funds own 1.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LAES shares. Wall Street Zen cut shares of SEALSQ from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Cantor Fitzgerald cut their target price on shares of SEALSQ from $7.00 to $4.00 and set an "overweight" rating for the company in a research note on Thursday, April 2nd. 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's stock. According to data from MarketBeat.com, SEALSQ currently has a consensus rating of "Hold" and an average target price of $6.00.

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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