SEALSQ Sees Unusually Large Options Volume (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders purchased 24,603 call options on the stock. This is an increase of 56% compared to the typical daily volume of 15,790 call options.

Insider Buying and Selling

In other SEALSQ news, VP Jean-Pierre Enguent sold 35,000 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $1.38, for a total transaction of $48,300.00. Following the transaction, the vice president directly owned 15,000 shares in the company, valued at $20,700. This represents a 70.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 85,000 shares of company stock worth $170,400.

Hedge Funds Weigh In On SEALSQ

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP boosted its position in SEALSQ by 1,340.6% during the 3rd quarter. Allworth Financial LP now owns 31,707 shares of the company’s stock valued at $74,000 after purchasing an additional 29,506 shares during the period. Virtue Capital Management LLC lifted its stake in SEALSQ by 8.9% in the third quarter. Virtue Capital Management LLC now owns 122,000 shares of the company’s stock valued at $285,000 after buying an additional 10,000 shares during the last quarter. Signaturefd LLC lifted its stake in SEALSQ by 129.9% in the third quarter. Signaturefd LLC now owns 12,786 shares of the company’s stock valued at $30,000 after buying an additional 7,224 shares during the last quarter. McGuire Investment Group LLC boosted its holdings in shares of SEALSQ by 30.7% during the third quarter. McGuire Investment Group LLC now owns 65,394 shares of the company’s stock valued at $153,000 after acquiring an additional 15,345 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of SEALSQ by 6.8% during the third quarter. SBI Securities Co. Ltd. now owns 353,606 shares of the company’s stock valued at $827,000 after acquiring an additional 22,598 shares during the period. 1.25% of the stock is owned by institutional investors.

SEALSQ Trading Down 9.5%

Shares of SEALSQ stock traded down $0.14 during trading hours on Thursday, reaching $1.28. The company’s stock had a trading volume of 3,252,303 shares, compared to its average volume of 10,512,904. The company’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $2.83. SEALSQ has a one year low of $1.20 and a one year high of $5.48.

SEALSQ (NASDAQ:LAES – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $5.58 million for the quarter. On average, equities analysts expect that SEALSQ will post -0.24 earnings per share for the current year.

Analyst Ratings Changes

LAES has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of SEALSQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEALSQ in a research note on Friday, September 11th. One 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.com, SEALSQ has a consensus rating of “Hold” and a consensus target price of $6.00.

Get Our Latest Analysis on LAES

SEALSQ Company Profile

(Get Free Report)

SEALSQ Corp. develops and supplies semiconductors and cybersecurity technology for connected devices and digital systems. Its offerings include secure microcontrollers and hardware-based security solutions designed to help protect devices, authenticate users and manage digital identities. The company also provides public key infrastructure (PKI) services and works on post-quantum cryptography technologies intended to address security risks from future quantum computers. Its products and services are used in areas such as the Internet of Things, connected infrastructure and secure communications.

Further Reading

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