SEALSQ (NASDAQ:LAES) CFO Sells $16,411.50 in Stock

SEALSQ Corp. (NASDAQ:LAESGet Free Report) CFO John Charles O’hara sold 4,689 shares of SEALSQ stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $3.50, for a total transaction of $16,411.50. Following the completion of the sale, the chief financial officer owned 276,156 shares of the company’s stock, valued at $966,546. This trade represents a 1.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Friday, May 29th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.51, for a total transaction of $35,100.00.
  • On Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The stock was 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 stock was 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 stock was 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 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 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 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.

SEALSQ Stock Performance

Shares of NASDAQ LAES traded down $0.24 during trading hours on Friday, hitting $3.48. 19,680,762 shares of the stock were exchanged, compared to its average volume of 10,826,049. The company’s fifty day simple moving average is $2.83 and its two-hundred day simple 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:LAESGet Free Report) last announced its quarterly earnings data on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The business had revenue of $6.71 million for the quarter. As a group, research analysts expect that SEALSQ Corp. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LAES has been the subject of several research analyst reports. Cantor Fitzgerald lowered 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. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.00.

View Our Latest Research Report on LAES

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. bought a new stake in shares of SEALSQ during the 1st quarter valued at approximately $1,365,000. Geode Capital Management LLC grew its holdings in shares of SEALSQ by 383.5% during the 2nd quarter. Geode Capital Management LLC now owns 62,449 shares of the company’s stock valued at $252,000 after purchasing an additional 49,534 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of SEALSQ during the 2nd quarter valued at approximately $76,000. Engineers Gate Manager LP bought a new stake in shares of SEALSQ during the 2nd quarter valued at approximately $47,000. Finally, Headlands Technologies LLC bought a new stake in shares of SEALSQ during the 2nd quarter valued at approximately $77,000. 1.25% of the stock is owned by institutional investors.

SEALSQ Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for SEALSQ (NASDAQ:LAES)

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