Insider Selling: SEALSQ (NASDAQ:LAES) VP Sells $86,100.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 35,000 shares of the firm’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $2.46, for a total transaction of $86,100.00. Following the sale, the vice president directly owned 35,000 shares of the company’s stock, valued at approximately $86,100. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.40, for a total transaction of $36,000.00.
• 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 transaction of $36,900.00.

SEALSQ Stock Performance

Shares of SEALSQ stock opened at $2.11 on Friday. SEALSQ Corp. has a 1-year low of $1.99 and a 1-year high of $8.71. The business has a 50-day moving average of $2.45 and a 200-day moving average of $2.73.

SEALSQ (NASDAQ:LAES) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The company had revenue of $5.58 million during the quarter. As a group, analysts predict that SEALSQ Corp. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

LAES has been the subject of several research analyst reports. Wall Street Zen upgraded SEALSQ from a “strong sell” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research note on Friday, September 11th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Trading of SEALSQ

Hedge funds and other institutional investors have recently bought and sold shares of the company. Anson Funds Management LP bought a new position in SEALSQ during the 1st quarter worth approximately $32,639,000. L1 Global Manager Pty Ltd bought a new stake in shares of SEALSQ in the 4th quarter valued at approximately $756,000. Squarepoint Ops LLC raised its position in shares of SEALSQ by 125.0% during the 2nd quarter. Squarepoint Ops LLC now owns 179,854 shares of the company’s stock valued at $567,000 after acquiring an additional 99,924 shares in the last quarter. William John Sempolinski bought a new position in SEALSQ during the second quarter worth $125,000. Finally, AXQ Capital LP bought a new position in SEALSQ during the second quarter worth $120,000. 1.25% of the stock is owned by institutional investors.

SEALSQ Company Profile

SEALSQ Corp. (NASDAQ: LAES) develops and supplies semiconductor and cybersecurity solutions designed to support digital identity, device security, and trusted communications. Its offerings include secure microcontrollers, hardware security modules, and public key infrastructure (PKI) technologies that help authenticate connected devices, protect digital credentials, and secure data throughout its lifecycle.

The company also focuses on post-quantum cryptography and quantum-resistant security technologies intended to help organizations prepare for future advances in computing.