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

SEALSQ Corp. (NASDAQ:LAESGet Free Report) VP Jean-Pierre Enguent sold 15,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $2.40, for a total value of $36,000.00. Following the transaction, the vice president owned 15,000 shares of the company’s stock, valued at approximately $36,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock was sold at an average price of $2.46, for a total value 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 value of $42,300.00.

SEALSQ Stock Up 1.7%

Shares of LAES traded up $0.04 during trading hours on Thursday, reaching $2.40. 5,621,352 shares of the company traded hands, compared to its average volume of 12,266,897. The stock’s fifty day moving average price is $2.66 and its 200 day moving average price is $3.00. SEALSQ Corp. has a 12-month low of $1.99 and a 12-month high of $8.71.

Hedge Funds Weigh In On SEALSQ

Several institutional investors have recently made changes to their positions in LAES. Wells Fargo & Company MN bought a new stake in shares of SEALSQ in the fourth quarter valued at about $27,000. Asset One Wealth Management LLC bought a new position in SEALSQ during the 2nd quarter worth about $28,000. IFP Advisors Inc increased its position in SEALSQ by 51.7% during the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after purchasing an additional 2,945 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of SEALSQ by 172.2% in the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after purchasing an additional 5,969 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of SEALSQ in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEALSQ in a research report on Tuesday, June 16th. One equities 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

Check Out Our Latest Research Report on LAES

About SEALSQ

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for SEALSQ (NASDAQ:LAES)

Receive News & Ratings for SEALSQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEALSQ and related companies with MarketBeat.com's FREE daily email newsletter.