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 business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $2.82, for a total transaction of $42,300.00. Following the completion of the sale, the vice president owned 15,000 shares in the company, valued at $42,300. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SEALSQ Stock Performance

Shares of NASDAQ:LAES opened at $2.87 on Friday. SEALSQ Corp. has a 1-year low of $1.99 and a 1-year high of $8.71. The company has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.46.

SEALSQ (NASDAQ:LAES) last posted its quarterly 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 for the quarter. Sell-side analysts predict that SEALSQ Corp. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

LAES has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a report on Tuesday, June 16th. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Finally, Cantor Fitzgerald decreased their price target on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Hedge Funds Weigh In On SEALSQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in SEALSQ during the 4th quarter valued at $26,000. Wells Fargo & Company MN acquired a new stake in shares of SEALSQ in the fourth quarter worth $27,000. IFP Advisors Inc boosted its position 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 buying an additional 2,945 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of SEALSQ by 172.2% during the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after buying an additional 5,969 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of SEALSQ during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

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.