Key Points
- SEALSQ CFO John Charles O'Hara sold 10,000 shares on June 2 at an average price of $3.69, totaling $36,900. After the sale, he still held 256,156 shares worth about $945,216.
- O'Hara has been actively selling shares in recent weeks, including additional sales on June 3, May 29, May 27, and several times in April, indicating a steady reduction in his position.
- LAES stock opened at $3.46, with analysts currently giving it a consensus Hold rating and an average target price of $6.00. The company recently reported a quarterly loss of $0.04 per share on $6.71 million in revenue.
SEALSQ Corp. (NASDAQ:LAES - Get Free Report) CFO John Charles O'hara sold 5,582 shares of SEALSQ stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $3.53, for a total value of $19,704.46. Following the sale, the chief financial officer directly owned 250,574 shares of the company's stock, valued at approximately $884,526.22. This represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
John Charles O'hara also recently made the following trade(s):
- On Tuesday, June 2nd, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.69, for a total value of $36,900.00.
- On Friday, May 29th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.51, for a total value of $35,100.00.
- On Wednesday, May 27th, John Charles O'hara sold 4,689 shares of SEALSQ stock. The stock was sold at an average price of $3.50, for a total value of $16,411.50.
- On Friday, April 24th, John Charles O'hara sold 5,250 shares of SEALSQ stock. The stock was sold at an average price of $2.91, for a total value of $15,277.50.
- On Wednesday, April 22nd, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.06, for a total value of $30,600.00.
- On Monday, April 20th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.79, for a total value of $27,900.00.
- On Thursday, April 16th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.69, for a total value of $26,900.00.
- On Wednesday, April 8th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.20, for a total value of $22,000.00.
- On Monday, April 6th, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.42, for a total value of $24,200.00.
- On Thursday, April 2nd, John Charles O'hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.45, for a total value of $24,500.00.
SEALSQ Stock Down 6.7%
Shares of LAES opened at $3.46 on Thursday. The stock has a 50-day moving average of $2.87 and a two-hundred day moving average of $3.68. 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 posted its earnings results on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $6.71 million for the quarter. On average, equities analysts expect that SEALSQ Corp. will post -0.17 earnings per share for the current year.
Hedge Funds Weigh In On SEALSQ
Several institutional investors and hedge funds have recently modified their holdings of LAES. Blue Trust Inc. purchased a new position in shares of SEALSQ in the 4th quarter valued at about $26,000. Wells Fargo & Company MN acquired a new position in shares of SEALSQ during the 4th quarter worth about $27,000. IFP Advisors Inc raised its position in shares of SEALSQ by 51.7% during the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company's stock worth $33,000 after purchasing an additional 2,945 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company's stock worth $36,000 after purchasing an additional 5,969 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of SEALSQ during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 1.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on LAES. Cantor Fitzgerald decreased their price objective 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. Wall Street Zen lowered SEALSQ from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.00.
Check Out Our Latest Report on LAES
SEALSQ Company Profile
(
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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