SEALSQ (NASDAQ:LAES) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of SEALSQ (NASDAQ:LAES) from a hold rating to a sell rating in a research report released on Saturday morning.

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

SEALSQ Price Performance

SEALSQ stock opened at $2.50 on Friday. The stock has a 50-day moving average price of $3.66 and a 200 day moving average price of $4.41. SEALSQ has a 52 week low of $2.12 and a 52 week high of $8.71.

Insider Buying and Selling

In related news, CFO John Charles O’hara sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $2.92, for a total transaction of $29,200.00. Following the sale, the chief financial officer directly owned 165,183 shares of the company’s stock, valued at $482,334.36. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 35,000 shares of company stock worth $104,450 over the last quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LAES. Blue Trust Inc. acquired a new stake in shares of SEALSQ during the 4th quarter worth approximately $26,000. Wells Fargo & Company MN acquired a new position in shares of SEALSQ in the 4th quarter valued at $27,000. IFP Advisors Inc boosted its holdings in SEALSQ by 51.7% during the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after buying an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 in the last quarter. Finally, DKM Wealth Management Inc. acquired a new stake in SEALSQ during the third quarter valued at $37,000. 1.25% of the stock is owned by institutional investors and hedge funds.

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.