SEALSQ (NASDAQ:LAES) Stock: Insider Jean-Pierre Enguent Sells 35,000 Shares

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 35,000 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $2.46, for a total transaction of $86,100.00. Following the completion of the transaction, the vice president directly owned 35,000 shares of the company’s stock, valued at $86,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.40, for a total transaction of $36,000.00.
• On Wednesday, August 5th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.46, for a total transaction of $36,900.00.

SEALSQ Trading Down 3.8%

LAES stock opened at $2.25 on Friday. The company has a 50 day simple moving average of $2.45 and a 200 day simple moving average of $2.73. SEALSQ Corp. has a 1 year low of $1.99 and a 1 year high of $8.71.

SEALSQ (NASDAQ:LAES) last issued its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $5.58 million for the quarter. Research analysts forecast that SEALSQ Corp. will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LAES has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a research note on Friday, September 11th. Wall Street Zen cut SEALSQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

Hedge Funds Weigh In On SEALSQ

Hedge funds have recently bought and sold shares of the company. Anson Funds Management LP acquired a new stake in SEALSQ during the 1st quarter worth about $32,639,000. L1 Global Manager Pty Ltd bought a new stake in shares of SEALSQ during the 4th quarter valued at about $756,000. Headlands Technologies LLC acquired a new stake in SEALSQ during the second quarter worth approximately $630,000. Virtu Financial LLC acquired a new stake in SEALSQ during the fourth quarter worth approximately $588,000. Finally, Squarepoint Ops LLC increased its holdings in SEALSQ by 125.0% in the second quarter. Squarepoint Ops LLC now owns 179,854 shares of the company’s stock worth $567,000 after purchasing an additional 99,924 shares in the last quarter. Institutional investors own 1.25% of the company’s stock.

SEALSQ Company Profile

SEALSQ Corp. (NASDAQ: LAES) develops and supplies semiconductor and cybersecurity solutions designed to support digital identity, device security, and trusted communications. Its offerings include secure microcontrollers, hardware security modules, and public key infrastructure (PKI) technologies that help authenticate connected devices, protect digital credentials, and secure data throughout its lifecycle.

The company also focuses on post-quantum cryptography and quantum-resistant security technologies intended to help organizations prepare for future advances in computing.