Financial Lp Hrt Buys 599,115 Shares of Hub Cyber Security (NASDAQ:HUBC) Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt acquired 599,115 shares of Hub Cyber Security stock in a transaction on Thursday, May 28th. The stock was purchased at an average price of $0.12 per share, with a total value of $71,893.80. Following the transaction, the insider directly owned 271,047 shares in the company, valued at approximately $32,525.64. This trade represents a -182.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, May 29th, Financial Lp Hrt sold 237,085 shares of Hub Cyber Security stock. The stock was sold at an average price of $0.45, for a total value of $106,688.25.

Hub Cyber Security Price Performance

Shares of HUBC stock traded up $0.25 during mid-day trading on Monday, reaching $0.52. The stock had a trading volume of 412,538,410 shares, compared to its average volume of 26,089,711. The firm’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $208.83. Hub Cyber Security Ltd. has a one year low of $0.10 and a one year high of $3,322.50.

Hedge Funds Weigh In On Hub Cyber Security

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in shares of Hub Cyber Security during the 2nd quarter worth approximately $266,000. HRT Financial LP acquired a new stake in Hub Cyber Security during the 4th quarter valued at $28,000. Cresset Asset Management LLC acquired a new stake in Hub Cyber Security during the 3rd quarter valued at $133,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Hub Cyber Security during the 1st quarter valued at $65,000. Institutional investors own 4.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Hub Cyber Security to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Hub Cyber Security Company Profile

HUB Cyber Security Ltd. provides cyber security solutions in Israel and internationally. The company offers HUB Secure File Vault, a super charged managed file transfer backed by dedicated hardware driven security, which creates a secure enclave to protect the organization's data driven workflows; HUB Guard, a recurring security assessment, continuous network, and infrastructure monitoring and analysis, and planned incident response; D.Storm, a powerful SaaS DDoS simulation platform; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; and Safety Commander designs to evaluate the safety of highly integrated systems in a model-based design environment.