Key Points
- CFO John Charles O'hara sold 10,000 SEALSQ shares on March 19 at an average price of $3.02 for $30,200, reducing his direct ownership to 205,183 shares (a 4.65% decrease).
- LAES opened at $2.96 and is trading below its 50‑day ($4.02) and 200‑day ($4.45) moving averages with a 52‑week range of $2.12–$8.71, while analysts have a consensus Hold rating and an average target price of $7.50.
SEALSQ Corp. (NASDAQ:LAES - Get Free Report) CFO John Charles O'hara sold 10,000 shares of the company's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $3.02, for a total value of $30,200.00. Following the completion of the transaction, the chief financial officer directly owned 205,183 shares in the company, valued at approximately $619,652.66. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
SEALSQ Stock Performance
LAES opened at $2.96 on Tuesday. The stock has a fifty day moving average of $4.02 and a 200-day moving average of $4.45. SEALSQ Corp. has a fifty-two week low of $2.12 and a fifty-two week high of $8.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.38 and a quick ratio of 7.26.
Hedge Funds Weigh In On SEALSQ
A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. bought a new stake in SEALSQ during the fourth quarter valued at $26,000. Wells Fargo & Company MN bought a new position in shares of SEALSQ in the 4th quarter worth about $27,000. IFP Advisors Inc lifted its stake in shares of SEALSQ by 51.7% in 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 lifted its stake 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 during the period. Finally, DKM Wealth Management Inc. bought a new stake in shares of SEALSQ during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 1.25% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on LAES. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of SEALSQ in a report on Friday, January 9th. Cantor Fitzgerald assumed coverage on SEALSQ in a research note on Thursday, December 18th. They set an "overweight" rating and a $7.00 price objective on the stock. Zacks Research raised SEALSQ to a "hold" rating in a research note on Friday, December 19th. Finally, Maxim Group set a $8.00 target price on SEALSQ in a research note on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.50.
Check Out Our Latest Analysis 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.
Further Reading
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