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

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $2.46, for a total transaction of $36,900.00. Following the transaction, the vice president directly owned 15,000 shares of the company’s stock, valued at approximately $36,900. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, July 8th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.82, for a total transaction of $42,300.00.

SEALSQ Stock Performance

NASDAQ LAES opened at $2.46 on Thursday. The firm has a 50-day moving average of $2.94 and a 200-day moving average of $3.24. SEALSQ Corp. has a 52-week low of $1.99 and a 52-week high of $8.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Anson Funds Management LP bought a new stake in shares of SEALSQ during the 1st quarter valued at $32,639,000. UBS Group AG increased its position in shares of SEALSQ by 398.0% in the fourth quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock worth $12,184,000 after purchasing an additional 2,576,003 shares during the period. Balyasny Asset Management L.P. acquired a new position in SEALSQ in the fourth quarter valued at about $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in SEALSQ during the first quarter worth about $1,365,000. Finally, Millennium Management LLC lifted its position in SEALSQ by 747.8% during the third quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock worth $1,838,000 after purchasing an additional 433,547 shares during the period. Institutional investors and hedge funds own 1.25% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.