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

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $3.51, for a total transaction of $35,100.00. Following the completion of the transaction, the chief financial officer owned 266,156 shares of the company’s stock, valued at approximately $934,207.56. This trade represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Wednesday, May 27th, John Charles O’hara sold 4,689 shares of SEALSQ stock. The shares were sold at an average price of $3.50, for a total transaction of $16,411.50.
• On Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The shares were sold at an average price of $2.91, for a total transaction of $15,277.50.
• On Wednesday, April 22nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.06, for a total transaction of $30,600.00.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.79, for a total transaction of $27,900.00.
• On Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $2.99, for a total transaction of $29,900.00.

SEALSQ Stock Performance

NASDAQ:LAES traded down $0.24 on Friday, reaching $3.48. 19,680,762 shares of the stock traded hands, compared to its average volume of 10,826,049. The company’s 50 day moving average is $2.83 and its 200-day moving average is $3.74. SEALSQ Corp. has a 1-year low of $1.99 and a 1-year high of $8.71.

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Cantor Fitzgerald reduced their price objective on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Trading of SEALSQ

Several large investors have recently modified their holdings of LAES. Blue Trust Inc. acquired a new stake in shares of SEALSQ during the 4th quarter worth approximately $26,000. Wells Fargo & Company MN acquired a new stake in shares of SEALSQ during the 4th quarter worth approximately $27,000. IFP Advisors Inc grew its position in shares of SEALSQ by 51.7% during the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after buying an additional 2,945 shares during the period. Farther Finance Advisors LLC grew its position in shares of SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock worth $36,000 after buying an additional 5,969 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of SEALSQ during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

About SEALSQ

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.