SEALSQ (NASDAQ:LAES) CFO John Charles O’hara Sells 10,000 Shares
by Kim Johansen · The Markets DailySEALSQ Corp. (NASDAQ:LAES – Get Free Report) CFO John Charles O’hara sold 10,000 shares of SEALSQ stock in a transaction on Monday, April 20th. The stock was sold at an average price of $2.79, for a total transaction of $27,900.00. Following the transaction, the chief financial officer directly owned 316,095 shares in the company, valued at $881,905.05. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $2.99, for a total transaction of $29,900.00.
- On Thursday, March 19th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.02, for a total transaction of $30,200.00.
SEALSQ Price Performance
LAES traded up $0.10 during mid-day trading on Wednesday, reaching $3.06. 13,235,204 shares of the stock were exchanged, compared to its average volume of 9,857,085. The company has a 50 day moving average price of $3.25 and a two-hundred day moving average price of $4.29. SEALSQ Corp. has a 1 year low of $1.99 and a 1 year high of $8.71.
SEALSQ (NASDAQ:LAES – Get Free Report) last issued its quarterly earnings results on Monday, March 16th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $6.71 million for the quarter. As a group, analysts anticipate that SEALSQ Corp. will post -0.17 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
LAES has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research report on Friday, January 9th. Cantor Fitzgerald dropped their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Maxim Group set a $8.00 price objective on SEALSQ in a research note on Thursday, January 15th. 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. According to MarketBeat, SEALSQ presently has a consensus rating of “Hold” and a consensus target price of $6.00.
Check Out Our Latest Stock Report on SEALSQ
Hedge Funds Weigh In On SEALSQ
Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in SEALSQ in the fourth quarter valued at approximately $26,000. Wells Fargo & Company MN purchased a new stake in SEALSQ during the fourth quarter valued at about $27,000. IFP Advisors Inc lifted its holdings in SEALSQ by 51.7% during the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after purchasing an additional 2,945 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in SEALSQ by 172.2% during the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after purchasing an additional 5,969 shares during the last quarter. Finally, A&I Financial Services LLC purchased a new stake in SEALSQ during the third quarter valued at about $40,000. Hedge funds and other institutional investors 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.