Insider Selling: SEALSQ (NASDAQ:LAES) CFO Sells $19,704.46 in Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 5,582 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.53, for a total transaction of $19,704.46. Following the transaction, the chief financial officer owned 250,574 shares of the company’s stock, valued at $884,526.22. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

John Charles O’hara also recently made the following trade(s):

• On Friday, June 5th, John Charles O’hara sold 143 shares of SEALSQ stock. The shares were sold at an average price of $3.51, for a total transaction of $501.93.
• On Tuesday, June 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.69, for a total transaction of $36,900.00.
• On Friday, May 29th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.51, for a total transaction of $35,100.00.
• On Wednesday, May 27th, John Charles O’hara sold 4,689 shares of SEALSQ stock. The shares were sold at an average price of $3.50, for a total transaction of $16,411.50.
• On Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The shares were sold at an average price of $2.91, for a total transaction of $15,277.50.
• On Wednesday, April 22nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $3.06, for a total transaction of $30,600.00.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.79, for a total transaction of $27,900.00.
• On Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.69, for a total transaction of $26,900.00.
• On Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.20, for a total transaction of $22,000.00.
• On Monday, April 6th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.42, for a total transaction of $24,200.00.

SEALSQ Stock Down 12.3%

LAES opened at $3.20 on Friday. SEALSQ Corp. has a fifty-two week low of $1.99 and a fifty-two week high of $8.71. The company has a fifty day moving average of $2.89 and a two-hundred day moving average of $3.67.

SEALSQ (NASDAQ:LAES) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $6.71 million for the quarter. Sell-side analysts predict that SEALSQ Corp. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of SEALSQ

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its stake 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 in the last quarter. Engineers Gate Manager LP increased its stake in shares of SEALSQ by 4.8% during the fourth quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock worth $246,000 after purchasing an additional 2,968 shares in the last quarter. Convergence Financial LLC increased its stake in shares of SEALSQ by 28.9% during the fourth quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock worth $54,000 after purchasing an additional 3,189 shares in the last quarter. Farther Finance Advisors LLC grew its stake in SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after acquiring an additional 5,969 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in SEALSQ by 2.6% during the 4th quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock valued at $1,024,000 after acquiring an additional 6,801 shares in the last quarter. Hedge funds and other institutional investors own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

LAES has been the subject of a number of recent analyst reports. Cantor Fitzgerald cut their price objective on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Wall Street Zen cut shares of SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s 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.