SEALSQ (NASDAQ:LAES) CFO John Charles O’hara Sells 10,000 Shares of Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $3.69, for a total value of $36,900.00. Following the completion of the transaction, the chief financial officer owned 256,156 shares in the company, valued at $945,215.64. The trade was a 3.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 3rd, John Charles O’hara sold 5,582 shares of SEALSQ stock. The shares were sold at an average price of $3.53, for a total value of $19,704.46.
• On Friday, May 29th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.51, for a total value of $35,100.00.
• On Wednesday, May 27th, John Charles O’hara sold 4,689 shares of SEALSQ stock. The shares were sold at an average price of $3.50, for a total value of $16,411.50.
• On Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The shares were sold at an average price of $2.91, for a total value of $15,277.50.
• On Wednesday, April 22nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.06, for a total value of $30,600.00.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.79, for a total value of $27,900.00.
• On Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.69, for a total value of $26,900.00.
• On Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.20, for a total value of $22,000.00.
• On Monday, April 6th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.42, for a total value of $24,200.00.
• On Thursday, April 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.45, for a total value of $24,500.00.

SEALSQ Stock Down 6.7%

Shares of LAES opened at $3.46 on Thursday. SEALSQ Corp. has a 52-week low of $1.99 and a 52-week high of $8.71. The stock has a fifty day simple moving average of $2.87 and a two-hundred day simple moving average of $3.68.

SEALSQ (NASDAQ:LAES) last issued its earnings results on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.71 million during the quarter. As a group, research analysts predict that SEALSQ Corp. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LAES has been the subject of a number of recent research reports. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. 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, April 2nd. One investment 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 stock has an average rating of “Hold” and a consensus price target of $6.00.

Hedge Funds Weigh In On SEALSQ

Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc grew its position in SEALSQ by 51.7% in 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 in the last quarter. Engineers Gate Manager LP grew its position in SEALSQ by 4.8% in the 4th quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock valued at $246,000 after acquiring an additional 2,968 shares in the last quarter. Convergence Financial LLC grew its position in 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 grew its position in SEALSQ by 172.2% in 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 in the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of SEALSQ by 2.6% in the 4th quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock valued at $1,024,000 after buying an additional 6,801 shares during the period. 1.25% of the stock is owned by institutional investors and hedge funds.

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.