Kessler Investment Group LLC Invests $1.29 Million in SEALSQ Corp. $LAES

Kessler Investment Group LLC bought a new position in shares of SEALSQ Corp. (NASDAQ:LAES) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 340,529 shares of the company’s stock, valued at approximately $1,287,000.

Other institutional investors also recently bought and sold shares of the company. UBS Group AG increased 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 valued at $12,184,000 after acquiring an additional 2,576,003 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SEALSQ during the 1st quarter valued at about $1,365,000. Millennium Management LLC boosted its holdings in shares of SEALSQ by 747.8% during the 3rd quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock valued at $1,838,000 after purchasing an additional 433,547 shares during the last quarter. Vident Advisory LLC purchased a new position in shares of SEALSQ during the third quarter valued at about $988,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of SEALSQ in the third quarter worth about $955,000. 1.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on LAES. Cantor Fitzgerald decreased their target price on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen cut SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Finally, Maxim Group set a $8.00 price objective on SEALSQ in a report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Insider Activity at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $2.20, for a total transaction of $33,000.00. Following the sale, the vice president directly owned 15,000 shares of the company’s stock, valued at $33,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Charles O’hara sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $3.06, for a total value of $30,600.00. Following the sale, the chief financial officer owned 296,095 shares in the company, valued at approximately $906,050.70. This trade represents a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 125,250 shares of company stock worth $331,928 over the last three months.

SEALSQ Price Performance

Shares of NASDAQ:LAES opened at $2.91 on Friday. The firm has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $4.08. SEALSQ Corp. has a 52 week low of $1.99 and a 52 week high of $8.71.

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

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.