SEALSQ (NASDAQ:LAES) VP Jean-Pierre Enguent Sells 15,000 Shares

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $2.82, for a total value of $42,300.00. Following the completion of the transaction, the vice president owned 15,000 shares of the company’s stock, valued at $42,300. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SEALSQ Stock Performance

Shares of LAES opened at $2.84 on Thursday. The firm has a fifty day simple moving average of $3.14 and a 200 day simple moving average of $3.47. SEALSQ Corp. has a 12 month low of $1.99 and a 12 month high of $8.71.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LAES. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEALSQ in a research note on Tuesday, June 16th. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Finally, Cantor Fitzgerald lowered their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.00.

Institutional Investors Weigh In On SEALSQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. bought a new position in SEALSQ in the fourth quarter valued at about $26,000. Wells Fargo & Company MN acquired a new stake in shares of SEALSQ in the 4th quarter valued at approximately $27,000. IFP Advisors Inc boosted its stake in shares of SEALSQ by 51.7% in the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after purchasing an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after purchasing an additional 5,969 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of SEALSQ during the 4th quarter valued at approximately $40,000. 1.25% of the stock is currently owned by institutional investors.

About SEALSQ

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.