SEALSQ Sees Unusually Large Options Volume (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) was the recipient of some unusual options trading activity on Thursday. Traders purchased 24,603 call options on the company. This is an increase of 56% compared to the average daily volume of 15,790 call options.

Insider Transactions at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 35,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $1.38, for a total value of $48,300.00. Following the completion of the transaction, the vice president owned 15,000 shares in the company, valued at approximately $20,700. This represents a 70.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 85,000 shares of company stock worth $170,400.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LAES. Allworth Financial LP increased its stake in shares of SEALSQ by 1,340.6% during the third quarter. Allworth Financial LP now owns 31,707 shares of the company’s stock valued at $74,000 after acquiring an additional 29,506 shares during the period. Virtue Capital Management LLC raised its holdings in SEALSQ by 8.9% during the third quarter. Virtue Capital Management LLC now owns 122,000 shares of the company’s stock worth $285,000 after purchasing an additional 10,000 shares in the last quarter. Signaturefd LLC raised its holdings in SEALSQ by 129.9% during the third quarter. Signaturefd LLC now owns 12,786 shares of the company’s stock worth $30,000 after purchasing an additional 7,224 shares in the last quarter. McGuire Investment Group LLC lifted its position in SEALSQ by 30.7% in the third quarter. McGuire Investment Group LLC now owns 65,394 shares of the company’s stock worth $153,000 after purchasing an additional 15,345 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in SEALSQ by 6.8% in the third quarter. SBI Securities Co. Ltd. now owns 353,606 shares of the company’s stock worth $827,000 after purchasing an additional 22,598 shares during the period. 1.25% of the stock is currently owned by institutional investors.

SEALSQ Stock Performance

LAES stock traded down $0.14 during trading on Thursday, hitting $1.28. The company had a trading volume of 3,252,303 shares, compared to its average volume of 10,512,904. The business has a 50 day moving average of $1.99 and a 200 day moving average of $2.83. SEALSQ has a fifty-two week low of $1.20 and a fifty-two week high of $5.48.

SEALSQ (NASDAQ:LAES) last released its earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The business had revenue of $5.58 million for the quarter. Sell-side analysts predict that SEALSQ will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research note on Friday, September 11th. Wall Street Zen upgraded SEALSQ from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

About SEALSQ

SEALSQ Corp. develops and supplies semiconductors and cybersecurity technology for connected devices and digital systems. Its offerings include secure microcontrollers and hardware-based security solutions designed to help protect devices, authenticate users and manage digital identities. The company also provides public key infrastructure (PKI) services and works on post-quantum cryptography technologies intended to address security risks from future quantum computers. Its products and services are used in areas such as the Internet of Things, connected infrastructure and secure communications.