Key Points
- SEALSQ VP Jean-Pierre Enguent sold 35,000 shares for $48,300 at an average price of $1.38, under a pre-arranged Rule 10b5-1 plan. He retained 15,000 shares after the transaction, a 70% reduction in his position.
- Enguent had also sold 65,000 shares in three earlier transactions since August, at prices between $2.40 and $2.46.
- SEALSQ shares opened at $1.37, near their 52-week low of $1.35. Analysts’ consensus rating is Hold, with an average price target of $6.00.
SEALSQ Corp. (NASDAQ:LAES - Get Free Report) VP Jean-Pierre Enguent sold 35,000 shares of SEALSQ stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $1.38, for a total transaction of $48,300.00. Following the completion of the transaction, the vice president owned 15,000 shares in the company, valued at $20,700. This trade represents a 70.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Tuesday, October 6th, Jean-Pierre Enguent sold 35,000 shares of SEALSQ stock. The stock was sold at an average price of $2.46, for a total transaction of $86,100.00.
- 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 value of $36,900.00.
SEALSQ Stock Up 0.7%
Shares of NASDAQ:LAES opened at $1.37 on Wednesday. The stock's 50-day moving average is $2.12 and its 200-day moving average is $2.93. SEALSQ Corp. has a 52-week low of $1.35 and a 52-week high of $6.82.
SEALSQ (NASDAQ:LAES - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $5.58 million during the quarter. On average, analysts expect that SEALSQ Corp. will post -0.24 earnings per share for the current year.
Institutional Investors Weigh In On SEALSQ
Institutional investors have recently bought and sold shares of the business. Asset One Wealth Management LLC bought a new stake in SEALSQ in the 2nd quarter valued at $28,000. Signaturefd LLC boosted its position in shares of SEALSQ by 129.9% during the 3rd quarter. Signaturefd LLC now owns 12,786 shares of the company's stock valued at $30,000 after acquiring an additional 7,224 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position 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 acquiring an additional 14,570 shares in the last quarter. State of Wyoming increased its stake in SEALSQ by 458.0% in the first quarter. State of Wyoming now owns 34,636 shares of the company's stock valued at $91,000 after acquiring an additional 28,429 shares during the period. Finally, AXQ Capital LP bought a new stake in SEALSQ in the second quarter valued at about $120,000. Institutional investors and hedge funds own 1.25% of the company's stock.
Wall Street Analysts Forecast Growth
LAES has been the topic of several research reports. Wall Street Zen upgraded SEALSQ from a "strong sell" rating to a "sell" rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SEALSQ in a research report on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $6.00.
View Our Latest Stock Report on SEALSQ
SEALSQ Company Profile
(
Get Free Report)
SEALSQ Corp. (NASDAQ: LAES) is a semiconductor and cybersecurity company focused on technologies that help secure connected devices, digital identities and communications. Its business combines secure integrated circuits, public-key infrastructure (PKI) services and cryptographic solutions designed for the Internet of Things, industrial systems and other connected applications.
The company develops secure microcontrollers, hardware security modules and cryptographic hardware that can be used to establish device identity, protect data and support secure authentication.
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