SEALSQ Target of Unusually High Options Trading (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) saw some unusual options trading activity on Thursday. Investors purchased 47,519 call options on the stock. This is an increase of 71% compared to the typical daily volume of 27,765 call options.

Analyst Ratings Changes

Several analysts have issued reports on LAES shares. Wall Street Zen downgraded 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 on the stock in a research note on Thursday, April 2nd. One 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 company’s stock. Based on data from MarketBeat.com, SEALSQ presently has a consensus rating of “Hold” and a consensus price target of $6.00.

SEALSQ Trading Up 17.0%

Shares of NASDAQ LAES traded up $0.49 during mid-day trading on Thursday, reaching $3.34. The company had a trading volume of 23,946,375 shares, compared to its average volume of 9,929,116. SEALSQ has a twelve month low of $1.99 and a twelve month high of $8.71. The stock’s 50 day moving average is $2.85 and its 200-day moving average is $3.86.

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

Insider Buying and Selling at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $2.20, for a total transaction of $33,000.00. Following the sale, the vice president directly owned 15,000 shares of the company’s stock, valued at $33,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $3.06, for a total transaction of $30,600.00. Following the sale, the chief financial officer directly owned 296,095 shares in the company, valued at approximately $906,050.70. This trade represents a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 125,250 shares of company stock worth $331,928.

Hedge Funds Weigh In On SEALSQ

A number of hedge funds have recently modified their holdings of the stock. Anson Funds Management LP acquired a new position in shares of SEALSQ in the first quarter worth $32,639,000. State of Wyoming increased its stake in shares of SEALSQ by 458.0% in the first quarter. State of Wyoming now owns 34,636 shares of the company’s stock worth $91,000 after acquiring an additional 28,429 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of SEALSQ in the first quarter worth $309,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of SEALSQ by 104.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company’s stock worth $75,000 after acquiring an additional 14,570 shares during the last quarter. Finally, True Vision MN LLC increased its stake in shares of SEALSQ by 240.9% in the first quarter. True Vision MN LLC now owns 85,124 shares of the company’s stock worth $223,000 after acquiring an additional 60,150 shares during the last quarter. 1.25% of the stock is owned by institutional investors and hedge funds.

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.