SEALSQ (NASDAQ:LAES) CFO John Charles O’hara Sells 5,582 Shares

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 5,582 shares of SEALSQ stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $3.53, for a total transaction of $19,704.46. Following the transaction, the chief financial officer directly owned 250,574 shares in the company, valued at approximately $884,526.22. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, June 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.69, for a total value of $36,900.00.
• On Friday, May 29th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.51, for a total value of $35,100.00.
• On Wednesday, May 27th, John Charles O’hara sold 4,689 shares of SEALSQ stock. The shares were sold at an average price of $3.50, for a total value of $16,411.50.
• On Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The shares were sold at an average price of $2.91, for a total value of $15,277.50.
• On Wednesday, April 22nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.06, for a total value of $30,600.00.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.79, for a total value of $27,900.00.
• On Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.69, for a total value of $26,900.00.
• On Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.20, for a total value of $22,000.00.
• 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 value of $24,200.00.
• On Thursday, April 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.45, for a total value of $24,500.00.

SEALSQ Trading Down 6.7%

Shares of NASDAQ:LAES opened at $3.46 on Thursday. SEALSQ Corp. has a 12-month low of $1.99 and a 12-month high of $8.71. The business’s fifty day simple moving average is $2.87 and its 200-day simple moving average is $3.68.

SEALSQ (NASDAQ:LAES) last announced its quarterly earnings results on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $6.71 million during the quarter. As a group, equities analysts anticipate that SEALSQ Corp. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On SEALSQ

Several institutional investors have recently bought and sold shares of LAES. Blue Trust Inc. acquired a new stake in SEALSQ in the fourth quarter valued at approximately $26,000. Wells Fargo & Company MN acquired a new stake in SEALSQ in the fourth quarter valued at approximately $27,000. IFP Advisors Inc boosted its stake in SEALSQ by 51.7% in the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after acquiring an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 5,969 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of SEALSQ during the fourth quarter worth $40,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LAES. Cantor Fitzgerald lowered their target price on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.

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.