SEALSQ (NASDAQ:LAES) VP Sells $33,000.00 in Stock
by Teresa Graham · The Cerbat GemSEALSQ Corp. (NASDAQ:LAES – Get Free Report) VP Jean-Pierre Enguent sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $2.20, for a total transaction of $33,000.00. Following the completion of the transaction, the vice president owned 15,000 shares of the company’s stock, valued at $33,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SEALSQ Trading Down 2.3%
LAES traded down $0.05 during trading on Thursday, hitting $2.09. 10,725,514 shares of the stock were exchanged, compared to its average volume of 8,246,799. SEALSQ Corp. has a 1-year low of $2.02 and a 1-year high of $8.71. The stock has a fifty day moving average price of $3.51 and a two-hundred day moving average price of $4.38.
SEALSQ (NASDAQ:LAES – Get Free Report) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The business had revenue of $6.71 million during the quarter.
Institutional Investors Weigh In On SEALSQ
Several hedge funds have recently made changes to their positions in LAES. UBS Group AG boosted its stake in shares of SEALSQ by 398.0% during the fourth 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. acquired a new stake in shares of SEALSQ during the fourth quarter worth about $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SEALSQ during the first quarter worth about $1,365,000. Millennium Management LLC boosted its stake in shares of SEALSQ by 747.8% during the third quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock worth $1,838,000 after buying an additional 433,547 shares during the period. Finally, Kessler Investment Group LLC acquired a new stake in shares of SEALSQ during the fourth quarter worth about $1,287,000. Institutional investors and hedge funds own 1.25% of the company’s stock.
Wall Street Analyst Weigh In
LAES has been the topic of several research analyst reports. Zacks Research raised SEALSQ to a “hold” rating in a research report on Friday, December 19th. Maxim Group set a $8.00 price target on SEALSQ in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Finally, Cantor Fitzgerald decreased their target price 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. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.
View Our Latest Stock Analysis on LAES
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.