SEALSQ (NASDAQ:LAES) CFO Sells $24,200.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $2.42, for a total value of $24,200.00. Following the completion of the sale, the chief financial officer owned 245,595 shares in the company, valued at $594,339.90. This represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Wednesday, March 25th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.92, for a total value of $29,200.00.
• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was 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 Trading Down 4.8%

Shares of LAES stock traded down $0.12 on Monday, reaching $2.38. The company’s stock had a trading volume of 6,348,060 shares, compared to its average volume of 7,845,341. The stock’s fifty day simple moving average is $3.66 and its 200-day simple moving average is $4.42. SEALSQ Corp. has a 1 year low of $2.12 and a 1 year high of $8.71.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. UBS Group AG raised its stake in shares of SEALSQ by 398.0% in the fourth quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock valued at $12,184,000 after acquiring an additional 2,576,003 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of SEALSQ during the 4th quarter worth about $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in SEALSQ by 11.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company’s stock valued at $2,357,000 after purchasing an additional 59,902 shares during the last quarter. Millennium Management LLC grew its holdings in SEALSQ by 747.8% during the 3rd quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock valued at $1,838,000 after purchasing an additional 433,547 shares during the last quarter. Finally, Kessler Investment Group LLC purchased a new stake in SEALSQ in the 4th quarter worth about $1,287,000. Institutional investors own 1.25% of the company’s stock.

Wall Street Analysts Forecast Growth

LAES has been the subject of a number of recent research reports. Cantor Fitzgerald dropped their price objective on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research note on Thursday. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research report on Friday, January 9th. Maxim Group set a $8.00 price objective on SEALSQ in a research note on Thursday, January 15th. Finally, Zacks Research raised SEALSQ to a “hold” rating in a research note on Friday, December 19th. 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. According to data from MarketBeat, SEALSQ has a consensus rating of “Hold” and a consensus price target of $6.00.

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.