SEALSQ (NASDAQ:LAES) VP Jean-Pierre Enguent Sells 35,000 Shares of Stock

by · The Markets Daily

SEALSQ Corp. (NASDAQ:LAES – Get Free Report) VP Jean-Pierre Enguent sold 35,000 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $1.38, for a total transaction of $48,300.00. Following the completion of the transaction, the vice president directly owned 15,000 shares in the company, valued at $20,700. The trade was a 70.00% decrease in their position. The sale was disclosed in a legal filing 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.

Jean-Pierre Enguent also recently made the following trade(s):

  • On Tuesday, October 6th, Jean-Pierre Enguent sold 35,000 shares of SEALSQ stock. The stock was sold at an average price of $2.46, for a total transaction of $86,100.00.
  • On Thursday, September 3rd, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The stock was sold at an average price of $2.40, for a total transaction of $36,000.00.
  • On Wednesday, August 5th, Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock. The shares were sold at an average price of $2.46, for a total value of $36,900.00.

SEALSQ Trading Up 0.7%

NASDAQ LAES traded up $0.01 during trading hours on Tuesday, reaching $1.37. 3,448,863 shares of the stock traded hands, compared to its average volume of 10,719,480. The stock has a 50 day simple moving average of $2.14 and a two-hundred day simple moving average of $2.94. SEALSQ Corp. has a 1 year low of $1.35 and a 1 year high of $6.82.

SEALSQ (NASDAQ:LAES – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $5.58 million during the quarter. Research analysts forecast that SEALSQ Corp. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LAES. Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research report on Friday, September 11th. Wall Street Zen upgraded shares of 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SEALSQ currently has an average rating of “Hold” and a consensus price target of $6.00.

Check Out Our Latest Analysis on SEALSQ

Institutional Trading of SEALSQ

Several hedge funds have recently added to or reduced their stakes in LAES. Signaturefd LLC boosted its position in SEALSQ by 129.9% during the third quarter. Signaturefd LLC now owns 12,786 shares of the company’s stock valued at $30,000 after buying an additional 7,224 shares during the period. Virtue Capital Management LLC grew its stake in shares of SEALSQ by 8.9% during the third quarter. Virtue Capital Management LLC now owns 122,000 shares of the company’s stock valued at $285,000 after buying an additional 10,000 shares during the last quarter. Asset One Wealth Management LLC bought a new position in shares of SEALSQ during the second quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of SEALSQ by 104.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company’s stock worth $75,000 after buying an additional 14,570 shares during the period. Finally, McGuire Investment Group LLC increased its holdings in shares of 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 buying an additional 15,345 shares during the period. 1.25% of the stock is owned by institutional investors.

About SEALSQ

(Get Free Report)

SEALSQ Corp. (NASDAQ: LAES) is a semiconductor and cybersecurity company focused on technologies that help secure connected devices, digital identities and communications. Its business combines secure integrated circuits, public-key infrastructure (PKI) services and cryptographic solutions designed for the Internet of Things, industrial systems and other connected applications.

The company develops secure microcontrollers, hardware security modules and cryptographic hardware that can be used to establish device identity, protect data and support secure authentication.

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