John Charles O’hara Sells 10,000 Shares of SEALSQ (NASDAQ:LAES) Stock
by Renee Jackson · The Cerbat GemSEALSQ Corp. (NASDAQ:LAES – Get Free Report) CFO John Charles O’hara sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $2.20, for a total transaction of $22,000.00. Following the completion of the sale, the chief financial officer directly owned 225,595 shares of the company’s stock, valued at approximately $496,309. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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.
- On Thursday, March 19th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.02, for a total transaction of $30,200.00.
SEALSQ Stock Performance
Shares of LAES stock traded down $0.05 during trading hours on Thursday, hitting $2.09. The company had a trading volume of 10,725,514 shares, compared to its average volume of 8,246,799. The company’s fifty day moving average is $3.51 and its 200 day moving average is $4.38. SEALSQ Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $8.71.
SEALSQ (NASDAQ:LAES – Get Free Report) last issued its quarterly earnings data on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $6.71 million for the quarter.
Institutional Investors Weigh In On SEALSQ
A number of hedge funds have recently added to or reduced their stakes in LAES. UBS Group AG lifted its holdings in SEALSQ by 398.0% during the 4th quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock worth $12,184,000 after buying an additional 2,576,003 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in SEALSQ during the 4th quarter worth approximately $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SEALSQ in the 1st quarter valued at $1,365,000. Millennium Management LLC raised its holdings in shares of SEALSQ by 747.8% in the 3rd quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock valued at $1,838,000 after purchasing an additional 433,547 shares in the last quarter. Finally, Kessler Investment Group LLC acquired a new stake in shares of SEALSQ in the 4th quarter valued at $1,287,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of SEALSQ to a “hold” rating in a report on Friday, December 19th. Wall Street Zen lowered shares of SEALSQ from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Maxim Group set a $8.00 target price on shares of SEALSQ in a report on Thursday, January 15th. Cantor Fitzgerald reduced their target price on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a report on Friday, January 9th. One 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.00.
View Our Latest Stock Analysis on SEALSQ
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.