SEALSQ (NASDAQ:LAES) Insider Sells $23,100.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) insider Moreira Andreas Feuardent sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $2.31, for a total transaction of $23,100.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SEALSQ Trading Up 0.9%

Shares of SEALSQ stock traded up $0.02 during trading hours on Wednesday, reaching $2.14. 19,166,950 shares of the company’s stock were exchanged, compared to its average volume of 8,206,934. The company has a 50 day moving average of $3.56 and a two-hundred day moving average of $4.39. SEALSQ Corp. has a fifty-two week low of $2.11 and a fifty-two week high of $8.71.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LAES. Wall Street Zen lowered SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday. Cantor Fitzgerald decreased their target price on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of SEALSQ in a report on Friday, January 9th. Zacks Research raised shares of SEALSQ to a “hold” rating in a research report on Friday, December 19th. Finally, Maxim Group set a $8.00 price target on shares of SEALSQ in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LAES. Caitong International Asset Management Co. Ltd raised its stake in SEALSQ by 68.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 48,365 shares of the company’s stock valued at $183,000 after acquiring an additional 19,664 shares during the period. Virtu Financial LLC bought a new position in SEALSQ during the fourth quarter worth $588,000. Virtue Capital Management LLC increased its holdings in shares of SEALSQ by 480.8% in the fourth quarter. Virtue Capital Management LLC now owns 112,000 shares of the company’s stock valued at $423,000 after purchasing an additional 92,717 shares during the last quarter. Vident Advisory LLC raised its position in shares of SEALSQ by 2.6% in the fourth quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock valued at $1,024,000 after purchasing an additional 6,801 shares during the period. Finally, NewEdge Advisors LLC bought a new position in shares of SEALSQ in the fourth quarter valued at about $40,000. 1.25% of the stock is currently owned by institutional investors.

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.