SEALSQ Sees Unusually Large Options Volume (NASDAQ:LAES)

by · The Cerbat Gem

SEALSQ Corp. (NASDAQ:LAES – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders bought 65,118 call options on the company. This is an increase of 105% compared to the typical daily volume of 31,738 call options.

Insider Transactions at SEALSQ

In other SEALSQ news, CFO John Charles O’hara sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $3.69, for a total transaction of $36,900.00. Following the transaction, the chief financial officer owned 256,156 shares in the company, valued at $945,215.64. This represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jean-Pierre Enguent sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $2.46, for a total transaction of $36,900.00. Following the transaction, the vice president directly owned 15,000 shares in the company, valued at $36,900. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 60,414 shares of company stock worth $187,818.

Hedge Funds Weigh In On SEALSQ

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN acquired a new position in shares of SEALSQ during the 4th quarter worth $27,000. Asset One Wealth Management LLC acquired a new stake in SEALSQ in the second quarter valued at about $28,000. IFP Advisors Inc grew its position in SEALSQ by 51.7% in the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after acquiring an additional 2,945 shares during the last quarter. Farther Finance Advisors LLC grew its position in SEALSQ by 172.2% in the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after acquiring an additional 5,969 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in SEALSQ during the fourth quarter worth about $40,000. Institutional investors own 1.25% of the company’s stock.

SEALSQ Stock Performance

Shares of NASDAQ LAES traded up $0.17 during trading hours on Friday, hitting $3.01. 15,379,555 shares of the stock were exchanged, compared to its average volume of 13,788,558. The company’s fifty day simple moving average is $2.82 and its two-hundred day simple moving average is $3.15. SEALSQ has a 1-year low of $1.99 and a 1-year high of $8.71.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research note on Tuesday, June 16th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.00.

Read Our Latest Analysis on LAES

SEALSQ Company Profile

(Get Free Report)

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.

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