John Charles O’hara Sells 10,000 Shares of SEALSQ (NASDAQ:LAES) Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $2.69, for a total value of $26,900.00. Following the sale, the chief financial officer owned 336,095 shares in the company, valued at $904,095.55. The trade was a 2.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Charles O’hara also recently made the following trade(s):

• On Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.20, for a total value of $22,000.00.
• On Monday, April 6th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.42, for a total value of $24,200.00.
• On Thursday, April 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.45, for a total value of $24,500.00.
• On Wednesday, March 25th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.92, for a total value of $29,200.00.
• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.99, for a total value of $29,900.00.
• On Thursday, March 19th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.02, for a total value of $30,200.00.

SEALSQ Trading Down 1.8%

LAES stock opened at $2.70 on Friday. The business’s fifty day simple moving average is $3.29 and its two-hundred day simple moving average is $4.31. SEALSQ Corp. has a twelve month low of $1.99 and a twelve month high of $8.71.

SEALSQ (NASDAQ:LAES) last released its earnings results on Monday, March 16th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $6.71 million during the quarter.

Institutional Investors Weigh In On SEALSQ

Institutional investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC bought a new stake in SEALSQ during the third quarter valued at about $502,000. Tudor Investment Corp ET AL bought a new stake in SEALSQ during the third quarter valued at about $955,000. Caitong International Asset Management Co. Ltd boosted its position in SEALSQ by 276.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 28,701 shares of the company’s stock valued at $107,000 after purchasing an additional 21,067 shares in the last quarter. Convergence Financial LLC bought a new stake in SEALSQ during the third quarter valued at about $41,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in SEALSQ during the third quarter valued at about $41,000. Institutional investors own 1.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LAES. Maxim Group set a $8.00 target price on SEALSQ in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Wall Street Zen lowered SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Finally, Cantor Fitzgerald reduced their target price on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. 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. According to MarketBeat.com, SEALSQ has a consensus rating of “Hold” and a consensus price target of $6.00.

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.