SEALSQ Target of Unusually High Options Trading (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) was the target of unusually large options trading activity on Friday. Stock investors acquired 56,289 call options on the stock. This represents an increase of approximately 58% compared to the typical daily volume of 35,657 call options.

Insiders Place Their Bets

In related news, CFO John Charles O’hara sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $3.69, for a total value of $36,900.00. Following the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $2.82, for a total value of $42,300.00. Following the transaction, the vice president owned 15,000 shares in the company, valued at $42,300. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 70,664 shares of company stock valued at $224,695.

Institutional Investors Weigh In On SEALSQ

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

Analyst Upgrades and Downgrades

LAES has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEALSQ in a research note on Tuesday, June 16th. Cantor Fitzgerald lowered their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Finally, Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.00.

SEALSQ Stock Performance

Shares of LAES stock opened at $2.54 on Friday. SEALSQ has a one year low of $1.99 and a one year high of $8.71. The company’s fifty day moving average price is $3.11 and its 200-day moving average price is $3.40.

SEALSQ Company Profile

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.