SEALSQ (NASDAQ:LAES) Stock: Insider Jean-Pierre Enguent Sells 35,000 Shares

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 35,000 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $1.38, for a total transaction of $48,300.00. Following the completion of the sale, the vice president directly owned 15,000 shares of the company’s stock, valued at $20,700. This trade represents a 70.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jean-Pierre Enguent also recently made the following trade(s):

• On Tuesday, October 6th, Jean-Pierre Enguent sold 35,000 shares of SEALSQ stock. The stock was sold at an average price of $2.46, for a total transaction of $86,100.00.
• On Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.40, for a total transaction of $36,000.00.
• 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.

SEALSQ Stock Performance

NASDAQ LAES opened at $1.43 on Thursday. The company has a 50-day simple moving average of $2.10 and a two-hundred day simple moving average of $2.91. SEALSQ Corp. has a 12-month low of $1.35 and a 12-month high of $6.82.

SEALSQ (NASDAQ:LAES) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $5.58 million during the quarter. Sell-side analysts expect that SEALSQ Corp. will post -0.24 EPS for the current year.

Institutional Investors Weigh In On SEALSQ

A number of large investors have recently added to or reduced their stakes in LAES. Anson Funds Management LP purchased a new stake in shares of SEALSQ during the first quarter worth about $32,639,000. SBI Securities Co. Ltd. increased its holdings in SEALSQ by 6.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 353,606 shares of the company’s stock valued at $827,000 after purchasing an additional 22,598 shares during the period. Headlands Technologies LLC purchased a new position in SEALSQ during the 2nd quarter valued at about $630,000. Squarepoint Ops LLC raised its position in SEALSQ by 125.0% during the 2nd quarter. Squarepoint Ops LLC now owns 179,854 shares of the company’s stock valued at $567,000 after purchasing an additional 99,924 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in SEALSQ during the 1st quarter valued at approximately $309,000. Institutional investors own 1.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded SEALSQ from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEALSQ in a research report on Friday, September 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, SEALSQ presently has an average rating of “Hold” and an average target price of $6.00.

SEALSQ Company Profile

SEALSQ Corp. (NASDAQ: LAES) is a semiconductor and cybersecurity company focused on technologies that help secure connected devices, digital identities and communications. Its business combines secure integrated circuits, public-key infrastructure (PKI) services and cryptographic solutions designed for the Internet of Things, industrial systems and other connected applications.

The company develops secure microcontrollers, hardware security modules and cryptographic hardware that can be used to establish device identity, protect data and support secure authentication.