SEALSQ (NASDAQ:LAES) CFO Sells $24,500.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $2.45, for a total value of $24,500.00. Following the completion of the transaction, the chief financial officer owned 255,595 shares of the company’s stock, valued at $626,207.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Charles O’hara also recently made the following trade(s):

• On Monday, April 6th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.42, for a total value of $24,200.00.
• On Wednesday, March 25th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.92, for a total value of $29,200.00.
• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.99, for a total value of $29,900.00.
• On Thursday, March 19th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.02, for a total value of $30,200.00.

SEALSQ Trading Up 0.9%

SEALSQ stock opened at $2.14 on Thursday. SEALSQ Corp. has a 52 week low of $2.11 and a 52 week high of $8.71. The stock has a 50-day simple moving average of $3.51 and a 200 day simple moving average of $4.38.

Institutional Investors Weigh In On SEALSQ

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in shares of SEALSQ in the fourth quarter valued at approximately $26,000. Wells Fargo & Company MN bought a new stake in shares of SEALSQ during the 4th quarter valued at $27,000. IFP Advisors Inc lifted its position in shares of SEALSQ by 51.7% during the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after acquiring an additional 2,945 shares during the period. Farther Finance Advisors LLC lifted its position in shares of SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after acquiring an additional 5,969 shares during the period. Finally, DKM Wealth Management Inc. bought a new stake in SEALSQ during the third quarter worth $37,000. Institutional investors own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

LAES has been the subject of several research reports. Maxim Group set a $8.00 price target on SEALSQ in a report on Thursday, January 15th. Cantor Fitzgerald decreased their price objective on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Wall Street Zen cut shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Zacks Research raised shares of SEALSQ to a “hold” rating in a report on Friday, December 19th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.00.

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.