Insider Selling: SEALSQ (NASDAQ:LAES) CFO Sells $36,900.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $3.69, for a total transaction of $36,900.00. Following the completion of the transaction, the chief financial officer directly owned 256,156 shares in the company, valued at approximately $945,215.64. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Charles O’hara also recently made the following trade(s):

• On Friday, June 5th, John Charles O’hara sold 143 shares of SEALSQ stock. The shares were sold at an average price of $3.51, for a total transaction of $501.93.
• On Wednesday, June 3rd, John Charles O’hara sold 5,582 shares of SEALSQ stock. The shares were sold at an average price of $3.53, for a total transaction of $19,704.46.
• 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 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 stock was 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 stock was 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.

SEALSQ Stock Performance

Shares of SEALSQ stock opened at $3.20 on Friday. The company’s 50 day moving average price is $2.89 and its two-hundred day moving average price is $3.67. SEALSQ Corp. has a fifty-two week low of $1.99 and a fifty-two week high of $8.71.

SEALSQ (NASDAQ:LAES) last released 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 during the quarter. On average, research analysts anticipate that SEALSQ Corp. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

LAES has been the subject of a number of analyst reports. 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 reduced their price target 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. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Institutional Investors Weigh In On SEALSQ

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. acquired a new stake in SEALSQ in the fourth quarter worth $26,000. Wells Fargo & Company MN acquired a new position in shares of SEALSQ during the fourth quarter valued at about $27,000. IFP Advisors Inc grew its holdings in shares of SEALSQ by 51.7% during the fourth 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 grew its holdings in shares of SEALSQ by 172.2% during the fourth 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 acquired a new position in shares of SEALSQ during the fourth quarter valued at about $40,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

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.