Hub Cyber Security (NASDAQ:HUBC) Shares Scheduled to Reverse Split on Monday, June 8th

Hub Cyber Security Ltd. (NASDAQ:HUBC)’s stock is going to reverse split on the morning of Monday, June 8th. The 1-20 reverse split was announced on Wednesday, June 3rd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 5th.

Hub Cyber Security Stock Performance

Shares of NASDAQ:HUBC traded down $0.45 during mid-day trading on Thursday, reaching $0.20. The stock had a trading volume of 138,076,720 shares, compared to its average volume of 34,559,938. The firm has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $188.14. Hub Cyber Security has a twelve month low of $0.10 and a twelve month high of $3,322.50.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 629,415 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $0.72, for a total transaction of $453,178.80. Following the completion of the transaction, the insider owned 24,478 shares of the company’s stock, valued at $17,624.16. This represents a 96.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hub Cyber Security

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

About Hub Cyber Security

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.