SEALSQ (NASDAQ:LAES) CFO John Charles O’hara Sells 4,689 Shares

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 4,689 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.50, for a total transaction of $16,411.50. Following the completion of the sale, the chief financial officer owned 276,156 shares in the company, valued at $966,546. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Friday, May 29th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.51, for a total transaction of $35,100.00.
• On Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The stock was sold at an average price of $2.91, for a total transaction of $15,277.50.
• On Wednesday, April 22nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.06, for a total transaction of $30,600.00.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.79, for a total transaction of $27,900.00.
• 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.

SEALSQ Stock Performance

Shares of LAES stock opened at $3.48 on Friday. SEALSQ Corp. has a 12-month low of $1.99 and a 12-month high of $8.71. The firm’s 50 day moving average is $2.83 and its 200 day moving average is $3.73.

SEALSQ (NASDAQ:LAES) last issued its earnings results on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $6.71 million for the quarter. On average, analysts predict that SEALSQ Corp. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

LAES has been the topic of several analyst reports. Wall Street Zen cut shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Cantor Fitzgerald dropped their price target on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. purchased a new position in shares of SEALSQ during the 4th quarter worth $26,000. Wells Fargo & Company MN purchased a new position in shares of SEALSQ during the 4th quarter worth $27,000. IFP Advisors Inc boosted its stake in shares of SEALSQ by 51.7% during the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after acquiring an additional 2,945 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock worth $36,000 after acquiring an additional 5,969 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of SEALSQ during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 1.25% of the company’s stock.

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.