John Charles O’hara Sells 10,000 Shares of SEALSQ (NASDAQ:LAES) Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of SEALSQ stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $2.69, for a total value of $26,900.00. Following the transaction, the chief financial officer owned 336,095 shares in the company, valued at approximately $904,095.55. This represents a 2.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 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 value 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 value of $24,200.00.
• On Thursday, April 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was 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 value of $29,200.00.
• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.99, for a total transaction of $29,900.00.
• On Thursday, March 19th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.02, for a total value of $30,200.00.

SEALSQ Price Performance

Shares of LAES traded down $0.05 during midday trading on Friday, reaching $2.70. The stock had a trading volume of 18,465,836 shares, compared to its average volume of 9,535,688. The company’s fifty day simple moving average is $3.32 and its two-hundred day simple moving average is $4.31. SEALSQ Corp. has a 1-year low of $1.99 and a 1-year high of $8.71.

SEALSQ (NASDAQ:LAES) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.71 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LAES shares. Zacks Research raised SEALSQ to a “hold” rating in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a research report on Friday, January 9th. Maxim Group set a $8.00 price target on shares of SEALSQ in a research note on Thursday, January 15th. Wall Street Zen lowered SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Finally, Cantor Fitzgerald lowered their price target on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SEALSQ has a consensus rating of “Hold” and an average price target of $6.00.

Institutional Trading of SEALSQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its holdings in shares of SEALSQ by 51.7% during the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after purchasing an additional 2,945 shares during the period. Engineers Gate Manager LP raised its stake in shares of SEALSQ by 4.8% in the 4th quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock valued at $246,000 after acquiring an additional 2,968 shares in the last quarter. Convergence Financial LLC boosted its holdings in shares of SEALSQ by 28.9% during the 4th quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock worth $54,000 after buying an additional 3,189 shares during the period. Farther Finance Advisors LLC increased its stake in shares of SEALSQ by 172.2% in the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock worth $36,000 after purchasing an additional 5,969 shares during the period. Finally, Vident Advisory LLC lifted its holdings in shares of SEALSQ by 2.6% during the fourth quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock worth $1,024,000 after buying an additional 6,801 shares during the last quarter. 1.25% of the stock is owned by institutional investors and hedge funds.

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.