SEALSQ (NASDAQ:LAES) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SEALSQ (NASDAQ:LAES – Free Report) from a strong sell rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a report on Friday, September 11th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SEALSQ currently has an average rating of “Hold” and a consensus target price of $6.00.

Get Our Latest Report on SEALSQ

SEALSQ Stock Down 4.3%

Shares of LAES opened at $2.02 on Friday. The company’s 50 day moving average price is $2.44 and its 200 day moving average price is $2.72. SEALSQ has a 52 week low of $1.99 and a 52 week high of $8.71.

SEALSQ (NASDAQ:LAES – Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $5.58 million for the quarter. As a group, equities research analysts anticipate that SEALSQ will post -0.24 earnings per share for the current year.

Insiders Place Their Bets

In other SEALSQ news, VP Jean-Pierre Enguent sold 35,000 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $2.46, for a total value of $86,100.00. Following the transaction, the vice president directly owned 35,000 shares of the company’s stock, valued at $86,100. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 65,000 shares of company stock valued at $159,000.

Institutional Investors Weigh In On SEALSQ

Several institutional investors have recently made changes to their positions in the company. Asset One Wealth Management LLC bought a new position in SEALSQ during the second quarter valued at approximately $28,000. Harel Insurance Investments & Financial Services Ltd. grew its position in SEALSQ by 104.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company’s stock worth $75,000 after acquiring an additional 14,570 shares in the last quarter. State of Wyoming grew its position in SEALSQ by 458.0% in the first quarter. State of Wyoming now owns 34,636 shares of the company’s stock worth $91,000 after acquiring an additional 28,429 shares in the last quarter. AXQ Capital LP bought a new stake in SEALSQ in the second quarter worth approximately $120,000. Finally, William John Sempolinski acquired a new position in shares of SEALSQ during the 2nd quarter worth $125,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

SEALSQ Company Profile

(Get Free Report)

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.

Further Reading

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