SEALSQ (NASDAQ:LAES) Given New $4.00 Price Target at Cantor Fitzgerald

SEALSQ (NASDAQ:LAES) had its price target dropped by equities researchers at Cantor Fitzgerald from $7.00 to $4.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 71.45% from the company’s previous close.

Other analysts also recently issued research reports about the company. Maxim Group set a $8.00 target price on SEALSQ in a research report on Thursday, January 15th. Zacks Research upgraded SEALSQ to a “hold” rating in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.00.

SEALSQ Stock Performance

Shares of LAES stock opened at $2.33 on Thursday. SEALSQ has a 52 week low of $2.12 and a 52 week high of $8.71. The company’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $4.43.

Insider Buying and Selling

In other news, CFO John Charles O’hara sold 10,000 shares of SEALSQ stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $2.92, for a total transaction of $29,200.00. Following the transaction, the chief financial officer owned 165,183 shares in the company, valued at approximately $482,334.36. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 35,000 shares of company stock worth $104,450.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC bought a new stake in SEALSQ in the third quarter worth approximately $502,000. Tudor Investment Corp ET AL bought a new position in SEALSQ during the third quarter worth $955,000. McGuire Investment Group LLC acquired a new position in shares of SEALSQ during the third quarter valued at about $103,000. DKM Wealth Management Inc. bought a new position in SEALSQ in the 3rd quarter valued at about $37,000. Finally, Allworth Financial LP boosted its stake in SEALSQ by 204.7% during the 4th quarter. Allworth Financial LP now owns 36,772 shares of the company’s stock valued at $139,000 after purchasing an additional 24,702 shares during the last quarter. 1.25% of the stock is owned by institutional investors and hedge funds.

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.