Traders Buy Large Volume of Call Options on SEALSQ (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) was the target of unusually large options trading on Thursday. Traders bought 148,415 call options on the company. This represents an increase of 339% compared to the typical volume of 33,782 call options.

Insider Activity at SEALSQ

In other news, CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $3.69, for a total value of $36,900.00. Following the completion of the sale, the chief financial officer directly owned 256,156 shares in the company, valued at approximately $945,215.64. The trade was a 3.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jean-Pierre Enguent sold 15,000 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $2.20, for a total value of $33,000.00. Following the transaction, the vice president owned 15,000 shares in the company, valued at $33,000. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 110,664 shares of company stock valued at $311,595.

Institutional Investors Weigh In On SEALSQ

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SEALSQ in the first quarter worth about $1,365,000. Geode Capital Management LLC boosted its stake in SEALSQ by 383.5% in the 2nd quarter. Geode Capital Management LLC now owns 62,449 shares of the company’s stock valued at $252,000 after buying an additional 49,534 shares in the last quarter. WINTON GROUP Ltd bought a new stake in SEALSQ in the second quarter valued at $76,000. Engineers Gate Manager LP acquired a new position in SEALSQ during the second quarter worth $47,000. Finally, Headlands Technologies LLC acquired a new position in SEALSQ during the second quarter worth $77,000. 1.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Cantor Fitzgerald cut their price target on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEALSQ in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, SEALSQ has a consensus rating of “Hold” and an average target price of $6.00.

SEALSQ Stock Down 1.1%

Shares of NASDAQ LAES traded down $0.04 during midday trading on Thursday, reaching $3.06. The company’s stock had a trading volume of 20,609,505 shares, compared to its average volume of 12,558,094. SEALSQ has a one year low of $1.99 and a one year high of $8.71. The company has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.51.

SEALSQ (NASDAQ:LAES) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $6.71 million during the quarter. Equities research analysts expect that SEALSQ will post -0.17 earnings per share for the current fiscal 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.