Key Points
- SEALSQ VP Jean-Pierre Enguent sold 35,000 shares at an average price of $2.46, generating $86,100 and reducing his direct holdings by 50% to 35,000 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- SEALSQ shares opened at $2.34, compared with 50-day and 200-day moving averages of $2.45 and $2.74, respectively. The stock has traded between $1.99 and $8.71 over the past year.
- Analyst sentiment remains mixed, with one Buy, one Hold, and one Sell rating; the average consensus rating is Hold, with a $6.00 price target. The company reported a quarterly loss of $0.07 per share on $5.58 million in revenue.
SEALSQ Corp. (NASDAQ:LAES - Get Free Report) VP Jean-Pierre Enguent sold 35,000 shares of the firm's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $2.46, for a total transaction of $86,100.00. Following the completion of the transaction, the vice president directly owned 35,000 shares of the company's stock, valued at approximately $86,100. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.40, for a total transaction of $36,000.00.
- 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.
SEALSQ Price Performance
NASDAQ LAES opened at $2.34 on Thursday. The stock's fifty day moving average price is $2.45 and its 200 day moving average price is $2.74. SEALSQ Corp. has a 1 year low of $1.99 and a 1 year high of $8.71.
SEALSQ (NASDAQ:LAES - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $5.58 million during the quarter. Sell-side analysts forecast that SEALSQ Corp. will post -0.24 EPS for the current fiscal year.
Institutional Investors Weigh In On SEALSQ
Several hedge funds have recently added to or reduced their stakes in LAES. Asset One Wealth Management LLC acquired a new stake in SEALSQ during the 2nd quarter worth about $28,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of SEALSQ by 104.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company's stock valued at $75,000 after buying an additional 14,570 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of SEALSQ by 68.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 48,365 shares of the company's stock valued at $183,000 after buying an additional 19,664 shares during the period. State of Wyoming boosted its stake in shares of SEALSQ by 458.0% in the first quarter. State of Wyoming now owns 34,636 shares of the company's stock worth $91,000 after buying an additional 28,429 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in shares of SEALSQ in the second quarter worth about $120,000. 1.25% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on LAES shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SEALSQ in a report on Friday, September 11th. Wall Street Zen downgraded shares of SEALSQ from a "sell" rating to a "strong sell" rating in a report on Saturday, September 19th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.00.
Get Our Latest Report on SEALSQ
SEALSQ Company Profile
(
Get Free Report)
SEALSQ Corp. (NASDAQ: LAES) develops and supplies semiconductor and cybersecurity solutions designed to support digital identity, device security, and trusted communications. Its offerings include secure microcontrollers, hardware security modules, and public key infrastructure (PKI) technologies that help authenticate connected devices, protect digital credentials, and secure data throughout its lifecycle.
The company also focuses on post-quantum cryptography and quantum-resistant security technologies intended to help organizations prepare for future advances in computing.
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