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

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 15,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $2.40, for a total value of $36,000.00. Following the completion of the transaction, the vice president directly owned 15,000 shares in the company, valued at $36,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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, 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 value of $36,900.00.
• On Wednesday, July 8th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.82, for a total value of $42,300.00.

SEALSQ Stock Performance

Shares of NASDAQ LAES opened at $2.40 on Friday. The stock’s fifty day simple moving average is $2.65 and its 200 day simple moving average is $2.99. SEALSQ Corp. has a 52-week low of $1.99 and a 52-week high of $8.71.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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. Anson Funds Management LP acquired a new stake in shares of SEALSQ in the first quarter worth $32,639,000. L1 Global Manager Pty Ltd acquired a new position in SEALSQ during the fourth quarter valued at $756,000. Kessler Investment Group LLC acquired a new position in SEALSQ during the fourth quarter valued at $1,287,000. UBS Group AG lifted its stake in SEALSQ by 398.0% in the 4th quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock worth $12,184,000 after acquiring an additional 2,576,003 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in SEALSQ by 104.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company’s stock worth $75,000 after acquiring an additional 14,570 shares in the last quarter. 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.