SEALSQ Corp. (NASDAQ:LAES – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 65,118 call options on the company. This represents an increase of approximately 105% compared to the average daily volume of 31,738 call options.
SEALSQ Stock Performance
Shares of LAES stock traded up $0.18 during trading hours on Thursday, reaching $2.84. 12,277,747 shares of the company’s stock were exchanged, compared to its average volume of 12,662,670. The company’s 50 day moving average is $2.84 and its two-hundred day moving average is $3.17. SEALSQ has a 1 year low of $1.99 and a 1 year high of $8.71.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SEALSQ presently has an average rating of “Hold” and an average price target of $6.00.
Insider Buying and Selling at SEALSQ
In other news, CFO John Charles O’hara sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $3.69, for a total value of $36,900.00. Following the completion of the sale, the chief financial officer directly owned 256,156 shares of the company’s stock, valued at approximately $945,215.64. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jean-Pierre Enguent sold 15,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $2.46, for a total transaction of $36,900.00. Following the sale, the vice president owned 15,000 shares of the company’s stock, valued at $36,900. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 60,414 shares of company stock worth $187,818 over the last three months.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of LAES. Anson Funds Management LP purchased a new stake in shares of SEALSQ during the 1st quarter worth $32,639,000. UBS Group AG increased its holdings in shares of SEALSQ by 398.0% in the 4th quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock valued at $12,184,000 after purchasing an additional 2,576,003 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of SEALSQ in the fourth quarter valued at about $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in SEALSQ by 11.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company’s stock worth $2,357,000 after buying an additional 59,902 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in SEALSQ by 747.8% during the third quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock worth $1,838,000 after buying an additional 433,547 shares in the last quarter. Hedge funds and other institutional investors own 1.25% of the company’s stock.
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.
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