SEALSQ Sees Unusually High Options Volume (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) saw some unusual options trading activity on Friday. Investors bought 56,289 call options on the stock. This represents an increase of approximately 58% compared to the typical volume of 35,657 call options.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LAES. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a research report on Tuesday, June 16th. Finally, Cantor Fitzgerald dropped their price target on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

Insider Transactions at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $2.82, for a total value of $42,300.00. Following the completion of the sale, the vice president directly owned 15,000 shares of the company’s stock, valued at approximately $42,300. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Charles O’hara sold 10,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $3.69, for a total transaction of $36,900.00. Following the completion of the sale, the chief financial officer owned 256,156 shares of the company’s stock, valued at approximately $945,215.64. This trade represents a 3.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 70,664 shares of company stock worth $224,695 over the last three months.

Hedge Funds Weigh In On SEALSQ

Several institutional investors and hedge funds have recently bought and sold shares of LAES. Anson Funds Management LP purchased a new stake in SEALSQ in the first quarter worth $32,639,000. UBS Group AG lifted its position in shares of SEALSQ by 398.0% during the 4th quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock valued at $12,184,000 after buying an additional 2,576,003 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of SEALSQ during the 4th quarter worth $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of SEALSQ by 11.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company’s stock worth $2,357,000 after acquiring an additional 59,902 shares during the period. Finally, Millennium Management LLC increased its holdings in SEALSQ by 747.8% in the 3rd quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock worth $1,838,000 after acquiring an additional 433,547 shares during the last quarter. 1.25% of the stock is owned by institutional investors.

SEALSQ Stock Up 5.1%

Shares of SEALSQ stock traded up $0.12 on Friday, reaching $2.56. 9,599,323 shares of the company traded hands, compared to its average volume of 12,485,988. The company has a 50 day moving average of $3.11 and a 200 day moving average of $3.41. SEALSQ has a 52 week low of $1.99 and a 52 week high of $8.71.

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.