SEALSQ (NASDAQ:LAES) VP Jean-Pierre Enguent Sells 35,000 Shares of Stock

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $2.46, for a total value 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 $86,100. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was 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 Stock Performance

NASDAQ LAES traded down $0.08 during trading hours on Wednesday, hitting $2.34. The company had a trading volume of 2,889,842 shares, compared to its average volume of 11,334,830. SEALSQ Corp. has a 1-year low of $1.99 and a 1-year high of $8.71. The business has a 50 day moving average of $2.45 and a 200-day moving average of $2.74.

SEALSQ (NASDAQ:LAES) last posted its earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $5.58 million during the quarter. As a group, analysts expect that SEALSQ Corp. will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Anson Funds Management LP acquired a new position in SEALSQ in the 1st quarter valued at $32,639,000. L1 Global Manager Pty Ltd purchased a new stake in shares of SEALSQ in the fourth quarter valued at about $756,000. Squarepoint Ops LLC increased its stake in shares of SEALSQ by 125.0% during the second quarter. Squarepoint Ops LLC now owns 179,854 shares of the company’s stock worth $567,000 after acquiring an additional 99,924 shares during the period. William John Sempolinski acquired a new stake in SEALSQ in the second quarter valued at about $125,000. Finally, AXQ Capital LP purchased a new stake in shares of SEALSQ in the second quarter valued at approximately $120,000. 1.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen lowered SEALSQ from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 19th. Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research report on Friday, September 11th. One 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.00.

About SEALSQ

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.