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

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $2.40, for a total value of $36,000.00. Following the completion of the transaction, the vice president owned 15,000 shares of the company’s stock, valued at $36,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jean-Pierre Enguent also recently made the following trade(s):

• On Wednesday, August 5th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.46, for a total transaction of $36,900.00.
• On Wednesday, July 8th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.82, for a total transaction of $42,300.00.

SEALSQ Price Performance

LAES stock opened at $2.42 on Friday. The company’s fifty day moving average price is $2.63 and its 200-day moving average price is $2.99. SEALSQ Corp. has a one year low of $1.99 and a one year high of $8.71.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.00.

Hedge Funds Weigh In On SEALSQ

Several hedge funds have recently bought and sold shares of LAES. Wells Fargo & Company MN purchased a new stake in SEALSQ in the fourth quarter worth $27,000. Asset One Wealth Management LLC bought a new position in shares of SEALSQ in the second quarter worth about $28,000. IFP Advisors Inc increased its stake 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 buying an additional 2,945 shares during the period. Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 5,969 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in SEALSQ in the 4th quarter valued at about $40,000. Institutional investors own 1.25% of the company’s stock.

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.