Key Points
- SEALSQ VP Jean-Pierre Enguent sold 15,000 shares at an average price of $2.46, generating $36,900. The Rule 10b5-1 transaction reduced his direct holdings by 50% to 15,000 shares.
- SEALSQ shares opened at $2.46, below their 50-day moving average of $2.94 and 200-day moving average of $3.24. The stock has traded between $1.99 and $8.71 over the past year.
- Analyst sentiment is mixed, with one Buy, one Hold, and one Sell rating; the consensus rating is Hold with a $6.00 price target. Institutional investors own only 1.25% of the company.
SEALSQ Corp. (NASDAQ:LAES - Get Free Report) VP Jean-Pierre Enguent sold 15,000 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $2.46, for a total value of $36,900.00. Following the completion of the sale, the vice president directly owned 15,000 shares in the company, valued at approximately $36,900. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jean-Pierre Enguent also recently made the following trade(s):
- On Wednesday, July 8th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.82, for a total value of $42,300.00.
SEALSQ Stock Performance
Shares of LAES stock opened at $2.46 on Thursday. The business has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $3.24. SEALSQ Corp. has a twelve month low of $1.99 and a twelve month high of $8.71.
Hedge Funds Weigh In On SEALSQ
Several large investors have recently added to or reduced their stakes in LAES. Anson Funds Management LP bought a new stake in SEALSQ during the 1st quarter worth approximately $32,639,000. State of Wyoming boosted its holdings in SEALSQ by 458.0% during the 1st quarter. State of Wyoming now owns 34,636 shares of the company's stock worth $91,000 after acquiring an additional 28,429 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of SEALSQ in the 1st quarter worth $309,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of SEALSQ by 104.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company's stock valued at $75,000 after purchasing an additional 14,570 shares during the last quarter. Finally, True Vision MN LLC grew its position in SEALSQ by 240.9% in the 1st quarter. True Vision MN LLC now owns 85,124 shares of the company's stock worth $223,000 after purchasing an additional 60,150 shares in the last quarter. Institutional investors own 1.25% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of SEALSQ in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.00.
View Our Latest Research Report 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.
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