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

SEALSQ Corp. (NASDAQ:LAES) was the recipient of unusually large options trading on Thursday. Stock traders acquired 47,519 call options on the company. This represents an increase of 71% compared to the typical volume of 27,765 call options.

SEALSQ Price Performance

Shares of NASDAQ LAES traded up $0.49 during trading on Thursday, hitting $3.34. The company had a trading volume of 23,946,375 shares, compared to its average volume of 9,929,116. SEALSQ has a 52 week low of $1.99 and a 52 week high of $8.71. The business’s 50-day moving average is $2.85 and its 200 day moving average is $3.86.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LAES shares. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Cantor Fitzgerald cut their target price on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

Insider Buying and Selling

In other SEALSQ news, VP Jean-Pierre Enguent sold 15,000 shares of the company’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 value of $33,000.00. Following the completion of the sale, the vice president directly owned 15,000 shares in the company, valued at $33,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $3.06, for a total value of $30,600.00. Following the completion of the sale, the chief financial officer owned 296,095 shares of the company’s stock, valued at $906,050.70. This trade represents a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 125,250 shares of company stock valued at $331,928 over the last 90 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Anson Funds Management LP bought a new position in shares of SEALSQ in the first quarter valued at $32,639,000. UBS Group AG increased its holdings in shares of SEALSQ by 398.0% in the fourth quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock valued at $12,184,000 after buying an additional 2,576,003 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of SEALSQ in the fourth quarter valued at $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of SEALSQ by 11.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company’s stock valued at $2,357,000 after buying an additional 59,902 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of SEALSQ by 747.8% in the third quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock valued at $1,838,000 after buying an additional 433,547 shares in the last quarter. Institutional investors own 1.25% of the company’s stock.

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.