Insider Selling: SEALSQ (NASDAQ:LAES) VP Sells $36,000.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $2.40, for a total value of $36,000.00. Following the sale, the vice president owned 15,000 shares of the company’s stock, valued at $36,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, 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, August 5th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.46, for a total transaction of $36,900.00.
• 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 Price Performance

Shares of LAES stock opened at $2.42 on Friday. The company’s fifty day simple moving average is $2.63 and its 200-day simple moving average is $2.99. SEALSQ Corp. has a 52 week low of $1.99 and a 52 week high of $8.71.

Institutional Trading of SEALSQ

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new position in SEALSQ in the fourth quarter worth approximately $27,000. Asset One Wealth Management LLC purchased a new position in SEALSQ in the 2nd quarter worth about $28,000. IFP Advisors Inc raised its holdings in 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 raised its holdings in 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 purchased a new stake in SEALSQ during the fourth quarter valued at about $40,000. 1.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research note on Tuesday, June 16th. One investment 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. Based on data from MarketBeat, the company presently has a consensus 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.