Key Points
- SEALSQ VP Jean-Pierre Enguent sold 15,000 shares at an average price of $2.40, generating $36,000 and reducing his ownership by 50% to 15,000 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- SEALSQ shares opened at $2.40, compared with a 52-week range of $1.99 to $8.71; the stock’s 50-day and 200-day moving averages were $2.65 and $2.99, respectively.
- Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $6.00. Institutional investors own just 1.25% of the company, although UBS significantly increased its position.
SEALSQ Corp. (NASDAQ:LAES - Get Free Report) VP Jean-Pierre Enguent sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $2.40, for a total transaction of $36,000.00. Following the sale, the vice president owned 15,000 shares of the company's stock, valued at approximately $36,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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, August 5th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.46, for a total transaction of $36,900.00.
- On Wednesday, July 8th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.82, for a total transaction of $42,300.00.
SEALSQ Stock Up 1.7%
NASDAQ LAES opened at $2.40 on Friday. SEALSQ Corp. has a 1-year low of $1.99 and a 1-year high of $8.71. The firm's fifty day simple moving average is $2.65 and its 200-day simple moving average is $2.99.
Institutional Investors Weigh In On SEALSQ
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anson Funds Management LP bought a new stake in SEALSQ during the first quarter worth approximately $32,639,000. L1 Global Manager Pty Ltd acquired a new position in SEALSQ during the fourth quarter valued at approximately $756,000. Kessler Investment Group LLC bought a new position in shares of SEALSQ in the fourth quarter valued at approximately $1,287,000. UBS Group AG raised its position in shares of SEALSQ by 398.0% in the fourth quarter. UBS Group AG now owns 3,223,216 shares of the company's stock valued at $12,184,000 after purchasing an additional 2,576,003 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake 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 worth $75,000 after buying an additional 14,570 shares during the last quarter. 1.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SEALSQ in a research report on Tuesday, June 16th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $6.00.
Get Our Latest Stock 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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