John Charles O’hara Sells 4,689 Shares of SEALSQ (NASDAQ:LAES) Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 4,689 shares of SEALSQ stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $3.50, for a total transaction of $16,411.50. Following the sale, the chief financial officer directly owned 276,156 shares of the company’s stock, valued at $966,546. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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.
• On Thursday, April 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.45, for a total transaction of $24,500.00.
• On Wednesday, March 25th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.92, for a total transaction of $29,200.00.
• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.99, for a total transaction of $29,900.00.

SEALSQ Price Performance

Shares of NASDAQ:LAES opened at $3.48 on Friday. The firm has a fifty day moving average of $2.83 and a two-hundred day moving average of $3.73. SEALSQ Corp. has a 12-month low of $1.99 and a 12-month high of $8.71.

SEALSQ (NASDAQ:LAES) last issued its 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 for the quarter. On average, equities analysts predict that SEALSQ Corp. will post -0.17 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald reduced their price objective on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen lowered shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

Institutional Investors Weigh In On SEALSQ

Institutional investors and hedge funds have recently modified their holdings of the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of SEALSQ in the 3rd quarter valued at $502,000. Tudor Investment Corp ET AL bought a new position in SEALSQ in the 3rd quarter worth $955,000. Kessler Investment Group LLC bought a new position in SEALSQ in the 4th quarter worth $1,287,000. UBS Group AG raised 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 worth $12,184,000 after acquiring an additional 2,576,003 shares during the period. Finally, True Vision MN LLC bought a new position in SEALSQ in the 4th quarter worth $94,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

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.