SEALSQ (NASDAQ:LAES) VP Jean-Pierre Enguent Sells 35,000 Shares of Stock

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 35,000 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $1.38, for a total value of $48,300.00. Following the completion of the transaction, the vice president owned 15,000 shares in the company, valued at $20,700. This trade represents a 70.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jean-Pierre Enguent also recently made the following trade(s):

• On Tuesday, October 6th, Jean-Pierre Enguent sold 35,000 shares of SEALSQ stock. The stock was sold at an average price of $2.46, for a total value of $86,100.00.
• On Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.40, for a total value of $36,000.00.
• On Wednesday, August 5th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.46, for a total value of $36,900.00.

SEALSQ Price Performance

Shares of NASDAQ LAES opened at $1.37 on Wednesday. The business has a 50 day simple moving average of $2.12 and a 200 day simple moving average of $2.93. SEALSQ Corp. has a 52 week low of $1.35 and a 52 week high of $6.82.

SEALSQ (NASDAQ:LAES) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The company had revenue of $5.58 million during the quarter. Equities analysts expect that SEALSQ Corp. will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of SEALSQ in a research report on Friday, September 11th. Wall Street Zen upgraded shares of SEALSQ from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SEALSQ has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Trading of SEALSQ

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Asset One Wealth Management LLC acquired a new position in shares of SEALSQ during the 2nd quarter valued at about $28,000. Signaturefd LLC lifted its holdings in SEALSQ by 129.9% in the 3rd quarter. Signaturefd LLC now owns 12,786 shares of the company’s stock worth $30,000 after purchasing an additional 7,224 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in SEALSQ by 104.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company’s stock worth $75,000 after purchasing an additional 14,570 shares during the last quarter. State of Wyoming boosted its position 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 purchasing an additional 28,429 shares during the period. Finally, AXQ Capital LP bought a new stake in SEALSQ during the second quarter worth approximately $120,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

About SEALSQ

SEALSQ Corp. (NASDAQ: LAES) is a semiconductor and cybersecurity company focused on technologies that help secure connected devices, digital identities and communications. Its business combines secure integrated circuits, public-key infrastructure (PKI) services and cryptographic solutions designed for the Internet of Things, industrial systems and other connected applications.

The company develops secure microcontrollers, hardware security modules and cryptographic hardware that can be used to establish device identity, protect data and support secure authentication.