SEALSQ (NASDAQ:LAES) CFO Sells $16,411.50 in Stock

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) CFO John Charles O'hara sold 4,689 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $3.50, for a total transaction of $16,411.50. Following the sale, the chief financial officer owned 276,156 shares in the company, valued at $966,546. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Friday, May 29th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.51, for a total transaction of $35,100.00.
• On Friday, April 24th, John Charles O'hara sold 5,250 shares of SEALSQ stock. The shares were sold at an average price of $2.91, for a total transaction of $15,277.50.
• 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.

SEALSQ Stock Performance

---

---

Shares of LAES stock opened at $3.48 on Friday. The company's fifty day moving average price is $2.83 and its 200-day moving average price is $3.73. SEALSQ Corp. has a one year low of $1.99 and a one year high of $8.71.

SEALSQ (NASDAQ:LAES - Get Free Report) last announced its quarterly 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. Equities research analysts predict that SEALSQ Corp. will post -0.17 EPS for the current fiscal year.

Institutional Trading of SEALSQ

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc increased 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 buying an additional 2,945 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of SEALSQ by 4.8% in the 4th quarter. Engineers Gate Manager LP now owns 65,065 shares of the company's stock worth $246,000 after buying an additional 2,968 shares during the last quarter. Convergence Financial LLC increased its holdings in shares of SEALSQ by 28.9% in the 4th quarter. Convergence Financial LLC now owns 14,216 shares of the company's stock worth $54,000 after buying an additional 3,189 shares during the last quarter. Farther Finance Advisors LLC increased 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 buying an additional 5,969 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of SEALSQ by 2.6% in the 4th quarter. Vident Advisory LLC now owns 270,915 shares of the company's stock worth $1,024,000 after buying an additional 6,801 shares during the last quarter. 1.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LAES shares. Wall Street Zen downgraded shares of SEALSQ from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Cantor Fitzgerald reduced their price target on shares of SEALSQ from $7.00 to $4.00 and set an "overweight" rating on the stock in a report on Thursday, April 2nd. One investment 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 data from MarketBeat, SEALSQ presently has an average rating of "Hold" and a consensus price target of $6.00.

Read Our Latest Report on SEALSQ

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.

See Also

• Five stocks we like better than SEALSQ
• MongoDB's AI Advantage Is Starting to Show Up in Results
• MarketBeat Week in Review – 05/25 - 05/29
• Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
• Salesforce Stock Finds Support as AI Momentum Builds

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].