SEALSQ (NASDAQ:LAES) Stock Sees Heavy Call Option Buying

SEALSQ Corp. (NASDAQ:LAES) saw some unusual options trading activity on Thursday. Investors purchased 24,603 call options on the company. This represents an increase of 56% compared to the typical daily volume of 15,790 call options.

SEALSQ Trading Down 5.3%

NASDAQ LAES opened at $1.25 on Friday. The stock has a 50 day moving average price of $1.94 and a 200-day moving average price of $2.79. SEALSQ has a one year low of $1.20 and a one year high of $5.48.

SEALSQ (NASDAQ:LAES) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $5.58 million for the quarter. On average, sell-side analysts predict that SEALSQ will post -0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LAES has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a report on Friday, September 11th. Wall Street Zen upgraded SEALSQ from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.00.

Insider Transactions at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 35,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $1.38, for a total value of $48,300.00. Following the sale, the vice president owned 15,000 shares in the company, valued at $20,700. The trade was a 70.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 85,000 shares of company stock valued at $170,400.

Institutional Trading of SEALSQ

Hedge funds have recently made changes to their positions in the business. Asset One Wealth Management LLC bought a new position in shares of SEALSQ in the 2nd quarter valued at about $28,000. Signaturefd LLC grew its position in SEALSQ by 129.9% in the third quarter. Signaturefd LLC now owns 12,786 shares of the company’s stock worth $30,000 after acquiring an additional 7,224 shares in the last quarter. Allworth Financial LP grew its position in SEALSQ by 1,340.6% in the third quarter. Allworth Financial LP now owns 31,707 shares of the company’s stock worth $74,000 after acquiring an additional 29,506 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in SEALSQ by 104.1% during 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, State of Wyoming increased its stake in SEALSQ by 458.0% during 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. 1.25% of the stock is currently owned by hedge funds and other institutional investors.

About SEALSQ

SEALSQ Corp. develops and supplies semiconductors and cybersecurity technology for connected devices and digital systems. Its offerings include secure microcontrollers and hardware-based security solutions designed to help protect devices, authenticate users and manage digital identities. The company also provides public key infrastructure (PKI) services and works on post-quantum cryptography technologies intended to address security risks from future quantum computers. Its products and services are used in areas such as the Internet of Things, connected infrastructure and secure communications.