Insider Selling: SEALSQ (NASDAQ:LAES) CFO Sells 5,250 Shares of Stock

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) CFO John Charles O'hara sold 5,250 shares of the business's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $2.91, for a total transaction of $15,277.50. Following the transaction, the chief financial officer directly owned 280,845 shares of the company's stock, valued at approximately $817,258.95. This represents a 1.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 22nd, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.06, for a total transaction of $30,600.00.
• On Monday, April 20th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.79, for a total transaction of $27,900.00.
• On Thursday, April 16th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.69, for a total transaction of $26,900.00.
• 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 transaction 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 transaction 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 transaction of $24,500.00.
• On Wednesday, March 25th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.92, for a total transaction of $29,200.00.
• On Monday, March 23rd, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.99, for a total transaction of $29,900.00.
• On Thursday, March 19th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.02, for a total transaction of $30,200.00.

SEALSQ Stock Up 5.0%

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Shares of NASDAQ:LAES opened at $2.95 on Friday. The company has a 50 day moving average of $3.19 and a 200 day moving average of $4.26. SEALSQ Corp. has a 12 month low of $1.99 and a 12 month high of $8.71.

SEALSQ (NASDAQ:LAES - Get Free Report) last announced its earnings results on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.71 million for the quarter. On average, research analysts expect that SEALSQ Corp. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LAES. Wall Street Zen lowered shares of SEALSQ from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. Cantor Fitzgerald dropped their target price on shares of SEALSQ from $7.00 to $4.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. Weiss Ratings reiterated a "sell (e+)" rating on shares of SEALSQ in a research report on Friday, January 9th. Finally, Maxim Group set a $8.00 target price on shares of SEALSQ in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SEALSQ presently has a consensus rating of "Hold" and an average price target of $6.00.

View Our Latest Stock Analysis on SEALSQ

Institutional Investors Weigh In On SEALSQ

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. bought a new stake in shares of SEALSQ in the 4th quarter worth approximately $26,000. Wells Fargo & Company MN bought a new stake in shares of SEALSQ in the 4th quarter worth approximately $27,000. IFP Advisors Inc lifted its holdings in shares of SEALSQ by 51.7% in the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company's stock worth $33,000 after acquiring an additional 2,945 shares during the last quarter. Farther Finance Advisors LLC lifted 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 worth $36,000 after acquiring an additional 5,969 shares during the last quarter. Finally, A&I Financial Services LLC bought a new stake in shares of SEALSQ in the 3rd quarter worth approximately $40,000. 1.25% of the stock is currently owned by institutional investors.

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.

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