SEALSQ (NASDAQ:LAES) Rating Lowered to Sell at Wall Street Zen

SEALSQ (NASDAQ:LAES) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a report on Friday, January 9th. Zacks Research upgraded shares of SEALSQ to a “hold” rating in a research report on Friday, December 19th. Cantor Fitzgerald cut their target price on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Maxim Group set a $8.00 target price on SEALSQ in a report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.00.

SEALSQ Stock Performance

Shares of NASDAQ LAES opened at $2.50 on Friday. SEALSQ has a 52 week low of $2.12 and a 52 week high of $8.71. The stock’s fifty day moving average is $3.66 and its 200 day moving average is $4.42.

Insider Buying and Selling

In related news, CFO John Charles O’hara sold 10,000 shares of SEALSQ stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $2.92, for a total transaction of $29,200.00. Following the sale, the chief financial officer directly owned 165,183 shares in the company, valued at $482,334.36. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 35,000 shares of company stock worth $104,450.

Hedge Funds Weigh In On SEALSQ

Several large investors have recently modified their holdings of the business. IFP Advisors Inc grew its stake in shares of SEALSQ by 51.7% in the fourth 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. Engineers Gate Manager LP grew its stake in SEALSQ by 4.8% during the fourth quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock worth $246,000 after purchasing an additional 2,968 shares during the period. Convergence Financial LLC increased its stake in shares of SEALSQ by 28.9% in the 4th quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock valued at $54,000 after acquiring an additional 3,189 shares in the last quarter. Farther Finance Advisors LLC increased its stake in SEALSQ by 172.2% in the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after purchasing an additional 5,969 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in SEALSQ by 2.6% in the fourth quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock valued at $1,024,000 after purchasing an additional 6,801 shares in the last quarter. Institutional investors own 1.25% of the company’s stock.

About SEALSQ

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.