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

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $2.79, for a total transaction of $27,900.00. Following the completion of the transaction, the chief financial officer owned 316,095 shares of the company’s stock, valued at approximately $881,905.05. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 transaction 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 transaction 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 transaction 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 transaction of $24,500.00.
• On Wednesday, March 25th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.92, for a total transaction of $29,200.00.
• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.99, for a total transaction 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 transaction of $30,200.00.

SEALSQ Price Performance

LAES stock opened at $2.81 on Friday. SEALSQ Corp. has a one year low of $1.99 and a one year high of $8.71. The company’s fifty day moving average price is $3.21 and its 200-day moving average price is $4.27.

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

Institutional Investors Weigh In On SEALSQ

Several hedge funds and other institutional investors have recently made changes to their positions in LAES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of SEALSQ in the first quarter valued at $1,365,000. Geode Capital Management LLC raised its stake in shares of SEALSQ by 383.5% in the second quarter. Geode Capital Management LLC now owns 62,449 shares of the company’s stock valued at $252,000 after acquiring an additional 49,534 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of SEALSQ in the second quarter valued at $76,000. Engineers Gate Manager LP purchased a new stake in shares of SEALSQ in the second quarter valued at $47,000. Finally, Headlands Technologies LLC purchased a new stake in shares of SEALSQ in the second quarter valued at $77,000. Hedge funds and other institutional investors own 1.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cantor Fitzgerald lowered their target price 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 downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Maxim Group set a $8.00 target price on shares of SEALSQ in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.