Jean-Pierre Enguent Sells 15,000 Shares of SEALSQ (NASDAQ:LAES) Stock

SEALSQ Corp. (NASDAQ:LAES) 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 transaction of $36,900.00. Following the completion of the transaction, the vice president directly owned 15,000 shares of the company’s stock, valued at approximately $36,900. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $2.82, for a total transaction of $42,300.00.

SEALSQ Trading Down 3.1%

NASDAQ:LAES traded down $0.08 on Wednesday, hitting $2.46. 7,341,738 shares of the company’s stock were exchanged, compared to its average volume of 12,831,109. The firm has a 50-day moving average price of $2.96 and a 200-day moving average price of $3.26. SEALSQ Corp. has a 52 week low of $1.99 and a 52 week high of $8.71.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEALSQ in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Anson Funds Management LP acquired a new position in shares of SEALSQ during the 1st quarter worth approximately $32,639,000. State of Wyoming boosted its position in SEALSQ by 458.0% during the first quarter. State of Wyoming now owns 34,636 shares of the company’s stock worth $91,000 after purchasing an additional 28,429 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of SEALSQ in the first quarter valued at $309,000. Harel Insurance Investments & Financial Services Ltd. increased 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 raised its position in shares of SEALSQ by 240.9% in the first quarter. True Vision MN LLC now owns 85,124 shares of the company’s stock valued at $223,000 after purchasing an additional 60,150 shares during the period. 1.25% of the stock is currently owned by institutional investors.

SEALSQ Company Profile

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.