Insider Selling: SEALSQ (NASDAQ:LAES) VP Sells $48,300.00 in Stock

SEALSQ Corp. (NASDAQ:LAES) VP Jean-Pierre Enguent sold 35,000 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $1.38, for a total transaction of $48,300.00. Following the completion of the sale, the vice president owned 15,000 shares in the company, valued at approximately $20,700. The trade was a 70.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jean-Pierre Enguent also recently made the following trade(s):

• On Tuesday, October 6th, Jean-Pierre Enguent sold 35,000 shares of SEALSQ stock. The shares were sold at an average price of $2.46, for a total transaction of $86,100.00.
• On Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.40, for a total transaction of $36,000.00.
• On Wednesday, August 5th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.46, for a total transaction of $36,900.00.

SEALSQ Price Performance

Shares of SEALSQ stock opened at $1.23 on Friday. The firm has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $2.89. SEALSQ Corp. has a fifty-two week low of $1.20 and a fifty-two week high of $6.52.

SEALSQ (NASDAQ:LAES) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $5.58 million for the quarter. As a group, analysts expect that SEALSQ Corp. will post -0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Anson Funds Management LP bought a new stake in SEALSQ in the 1st quarter valued at $32,639,000. SBI Securities Co. Ltd. raised its stake in shares of SEALSQ by 6.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 353,606 shares of the company’s stock valued at $827,000 after buying an additional 22,598 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of SEALSQ during the 2nd quarter worth about $630,000. Squarepoint Ops LLC lifted its holdings in shares of SEALSQ by 125.0% during the 2nd quarter. Squarepoint Ops LLC now owns 179,854 shares of the company’s stock worth $567,000 after acquiring an additional 99,924 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of SEALSQ during the 1st quarter worth about $309,000. 1.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised SEALSQ from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a report on Friday, September 11th. One 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.00.

SEALSQ Company Profile

SEALSQ Corp. (NASDAQ: LAES) is a semiconductor and cybersecurity company focused on technologies that help secure connected devices, digital identities and communications. Its business combines secure integrated circuits, public-key infrastructure (PKI) services and cryptographic solutions designed for the Internet of Things, industrial systems and other connected applications.

The company develops secure microcontrollers, hardware security modules and cryptographic hardware that can be used to establish device identity, protect data and support secure authentication.