Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Buys $71,651.16 in Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt purchased 341,196 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $0.21 per share, for a total transaction of $71,651.16. Following the completion of the purchase, the insider owned 595,325 shares in the company, valued at $125,018.25. The trade was a 134.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, June 4th, Financial Lp Hrt sold 33,730 shares of Hub Cyber Security stock. The stock was sold at an average price of $5.00, for a total value of $168,650.00.
• On Wednesday, June 3rd, Financial Lp Hrt purchased 904,252 shares of Hub Cyber Security stock. The stock was acquired at an average cost of $0.66 per share, for a total transaction of $596,806.32.
• On Tuesday, June 2nd, Financial Lp Hrt sold 629,415 shares of Hub Cyber Security stock. The stock was sold at an average price of $0.72, for a total value of $453,178.80.
• On Monday, June 1st, Financial Lp Hrt purchased 30,996 shares of Hub Cyber Security stock. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $30,996.00.
• On Thursday, May 28th, Financial Lp Hrt purchased 29,955 shares of Hub Cyber Security stock. The stock was acquired at an average cost of $2.40 per share, for a total transaction of $71,892.00.
• On Friday, May 29th, Financial Lp Hrt sold 11,854 shares of Hub Cyber Security stock. The stock was sold at an average price of $9.00, for a total value of $106,686.00.

Hub Cyber Security Stock Down 53.9%

NASDAQ:HUBC traded down $2.06 during mid-day trading on Monday, reaching $1.76. The company’s stock had a trading volume of 6,058,021 shares, compared to its average volume of 1,782,631. The company’s fifty day simple moving average is $52.95 and its two-hundred day simple moving average is $3,524.11. Hub Cyber Security Ltd. has a twelve month low of $1.64 and a twelve month high of $66,450.00.

Institutional Investors Weigh In On Hub Cyber Security

A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in Hub Cyber Security in the first quarter valued at about $65,000. Cresset Asset Management LLC purchased a new position in Hub Cyber Security in the third quarter valued at about $133,000. HRT Financial LP purchased a new position in Hub Cyber Security in the fourth quarter valued at about $28,000. Finally, Bank of America Corp DE purchased a new position in Hub Cyber Security in the second quarter valued at about $266,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

Wall Street Analyst Weigh In

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