John Charles O’hara Sells 5,582 Shares of SEALSQ (NASDAQ:LAES) Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 5,582 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $3.53, for a total transaction of $19,704.46. Following the transaction, the chief financial officer directly owned 250,574 shares of the company’s stock, valued at approximately $884,526.22. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

John Charles O’hara also recently made the following trade(s):

• On Tuesday, June 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.69, for a total transaction of $36,900.00.
• On Friday, May 29th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.51, for a total transaction of $35,100.00.
• 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 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 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.

SEALSQ Trading Up 5.5%

NASDAQ:LAES opened at $3.65 on Friday. The company has a fifty day moving average of $2.88 and a 200 day moving average of $3.68. SEALSQ Corp. has a 52 week low of $1.99 and a 52 week high of $8.71.

SEALSQ (NASDAQ:LAES) last posted its quarterly earnings results on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The company had revenue of $6.71 million for the quarter. On average, sell-side analysts predict that SEALSQ Corp. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LAES. Anson Funds Management LP bought a new position in SEALSQ in the 1st quarter worth $32,639,000. UBS Group AG raised its holdings in SEALSQ by 398.0% in the 4th 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 in the last quarter. Balyasny Asset Management L.P. bought a new position in SEALSQ in the 4th quarter worth $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in SEALSQ in the 1st quarter worth $1,365,000. Finally, Millennium Management LLC raised its holdings in SEALSQ by 747.8% in the 3rd 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 in the last quarter. 1.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald lowered their price target on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Wall Street Zen lowered shares of SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock 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.