SEALSQ Target of Unusually Large Options Trading (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) saw some unusual options trading on Thursday. Investors purchased 148,415 call options on the company. This represents an increase of approximately 339% compared to the average volume of 33,782 call options.

Analyst Upgrades and Downgrades

LAES has been the subject of a number of recent analyst reports. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEALSQ in a report on Tuesday, June 16th. Finally, Cantor Fitzgerald reduced their price objective on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SEALSQ presently has an average rating of “Hold” and an average price target of $6.00.

Insider Buying and Selling

In other news, VP Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock in a transaction that occurred 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 sale, the vice president directly owned 15,000 shares in the company, valued at approximately $33,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Charles O’hara sold 10,000 shares of SEALSQ 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 owned 256,156 shares in the company, valued at approximately $945,215.64. This represents a 3.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 110,664 shares of company stock valued at $311,595 in the last ninety days.

Institutional Investors Weigh In On SEALSQ

Several hedge funds have recently made changes to their positions in LAES. Anson Funds Management LP purchased a new position in SEALSQ during the first quarter valued at $32,639,000. UBS Group AG grew its position in shares of SEALSQ by 398.0% in the 4th quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock worth $12,184,000 after buying an additional 2,576,003 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of SEALSQ in the 4th quarter worth about $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SEALSQ in the 1st quarter worth about $1,365,000. Finally, Millennium Management LLC increased its stake in shares of SEALSQ by 747.8% in the 3rd quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock worth $1,838,000 after acquiring an additional 433,547 shares in the last quarter. 1.25% of the stock is currently owned by institutional investors.

SEALSQ Price Performance

LAES stock remained flat at $3.03 during trading on Friday. 24,224,991 shares of the company were exchanged, compared to its average volume of 19,672,412. SEALSQ has a 12 month low of $1.99 and a 12 month high of $8.71. The business’s 50 day moving average price is $3.14 and its 200 day moving average price is $3.50.

SEALSQ (NASDAQ:LAES) last posted 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 during the quarter. On average, equities research analysts expect that SEALSQ will post -0.17 earnings per share for the current fiscal year.

SEALSQ Company Profile

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.