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 business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $2.92, for a total value of $29,200.00. Following the completion of the transaction, the chief financial officer owned 165,183 shares in the company, valued at $482,334.36. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.99, for a total value 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 value of $30,200.00.

SEALSQ Price Performance

Shares of SEALSQ stock opened at $2.67 on Friday. The business’s fifty day simple moving average is $3.93 and its 200 day simple moving average is $4.42. The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03. SEALSQ Corp. has a 12 month low of $2.12 and a 12 month high of $8.71.

Institutional Trading of SEALSQ

A number of large investors have recently bought and sold shares of LAES. Blue Trust Inc. bought a new stake in shares of SEALSQ in the fourth quarter valued at $26,000. Wells Fargo & Company MN bought a new position in shares of SEALSQ during the 4th quarter worth $27,000. IFP Advisors Inc increased its holdings in SEALSQ by 51.7% in the 4th 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 last quarter. Farther Finance Advisors LLC increased its holdings in SEALSQ by 172.2% in the 4th 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 last quarter. Finally, DKM Wealth Management Inc. bought a new stake in SEALSQ in the 3rd quarter valued at about $37,000. 1.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LAES shares. Cantor Fitzgerald assumed coverage on SEALSQ in a research note on Thursday, December 18th. They set an “overweight” rating and a $7.00 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of SEALSQ in a report on Friday, January 9th. Maxim Group set a $8.00 price objective on shares of SEALSQ in a research report on Thursday, January 15th. Finally, Zacks Research upgraded shares of SEALSQ to a “hold” rating in a research note on Friday, December 19th. One investment 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. According to data from MarketBeat.com, SEALSQ has an average rating of “Hold” and a consensus price target of $7.50.

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.