Insider Selling: SEALSQ (NASDAQ:LAES) VP Sells $36,900.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $2.46, for a total value of $36,900.00. Following the transaction, the vice president directly owned 15,000 shares in the company, valued at $36,900. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, 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 value of $42,300.00.

SEALSQ Price Performance

NASDAQ LAES opened at $2.57 on Friday. SEALSQ Corp. has a 1-year low of $1.99 and a 1-year high of $8.71. The stock has a 50-day moving average of $2.90 and a 200-day moving average of $3.22.

Institutional Trading of SEALSQ

A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of SEALSQ in the first quarter worth about $1,365,000. Geode Capital Management LLC lifted its holdings in SEALSQ by 383.5% in the 2nd quarter. Geode Capital Management LLC now owns 62,449 shares of the company’s stock worth $252,000 after buying an additional 49,534 shares during the period. WINTON GROUP Ltd purchased a new stake in SEALSQ in the 2nd quarter worth approximately $76,000. Engineers Gate Manager LP bought a new stake in shares of SEALSQ in the 2nd quarter worth approximately $47,000. Finally, Headlands Technologies LLC bought a new stake in shares of SEALSQ in the 2nd quarter worth approximately $77,000. 1.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEALSQ in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.00.

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.