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

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $2.45, for a total value of $24,500.00. Following the sale, the chief financial officer owned 255,595 shares in the company, valued at approximately $626,207.75. This represents a 3.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 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.
• 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 Stock Performance

Shares of LAES traded down $0.12 during midday trading on Monday, reaching $2.38. The stock had a trading volume of 6,348,060 shares, compared to its average volume of 7,845,341. The firm has a 50 day simple moving average of $3.66 and a 200-day simple moving average of $4.42. SEALSQ Corp. has a one year low of $2.12 and a one year high of $8.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of SEALSQ during the fourth quarter worth $26,000. Wells Fargo & Company MN acquired a new position in shares of SEALSQ in the fourth quarter valued at about $27,000. IFP Advisors Inc increased its position 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 during the period. Farther Finance Advisors LLC increased its position 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 during the period. Finally, DKM Wealth Management Inc. acquired a new stake in SEALSQ in the 3rd quarter worth about $37,000. 1.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on LAES shares. Cantor Fitzgerald cut their price target on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday. Zacks Research raised shares of SEALSQ to a “hold” rating in a research report on Friday, December 19th. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Finally, Maxim Group set a $8.00 price objective on shares of SEALSQ in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, SEALSQ has a consensus rating of “Hold” and a consensus target price of $6.00.

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.