Traders Buy Large Volume of Call Options on SEALSQ (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) saw some unusual options trading activity on Tuesday. Stock traders purchased 38,886 call options on the company. This represents an increase of 76% compared to the typical daily volume of 22,116 call options.

Insider Transactions at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $2.40, for a total transaction of $36,000.00. Following the sale, the vice president directly owned 15,000 shares of the company’s stock, valued at $36,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 45,000 shares of company stock valued at $115,200.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anson Funds Management LP purchased a new stake in SEALSQ during the 1st quarter worth $32,639,000. L1 Global Manager Pty Ltd acquired a new position in shares of SEALSQ during the fourth quarter worth about $756,000. Headlands Technologies LLC acquired a new position in SEALSQ during the 2nd quarter worth approximately $630,000. Virtu Financial LLC purchased a new position in SEALSQ in the 4th quarter valued at about $588,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of SEALSQ in the 1st quarter valued at approximately $309,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

SEALSQ Price Performance

Shares of LAES traded up $0.06 during mid-day trading on Tuesday, hitting $2.46. The company had a trading volume of 1,337,072 shares, compared to its average volume of 11,362,242. SEALSQ has a 1-year low of $1.99 and a 1-year high of $8.71. The business’s 50-day simple moving average is $2.45 and its 200-day simple moving average is $2.75.

SEALSQ (NASDAQ:LAES) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The company had revenue of $5.58 million for the quarter. As a group, sell-side analysts expect that SEALSQ will post -0.24 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on LAES. Weiss Ratings reissued a “sell (d-)” rating on shares of SEALSQ in a research note on Friday, September 11th. Wall Street Zen cut shares of SEALSQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.00.

SEALSQ Company Profile

SEALSQ Corp. (NASDAQ: LAES) develops and supplies semiconductor and cybersecurity solutions designed to support digital identity, device security, and trusted communications. Its offerings include secure microcontrollers, hardware security modules, and public key infrastructure (PKI) technologies that help authenticate connected devices, protect digital credentials, and secure data throughout its lifecycle.

The company also focuses on post-quantum cryptography and quantum-resistant security technologies intended to help organizations prepare for future advances in computing.