Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Sells $453,178.80 in Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt sold 629,415 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $0.72, for a total value of $453,178.80. Following the completion of the transaction, the insider owned 24,478 shares in the company, valued at $17,624.16. This trade represents a 96.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, June 1st, Financial Lp Hrt purchased 619,931 shares of Hub Cyber Security stock. The stock was bought at an average price of $0.05 per share, for a total transaction of $30,996.55.
• On Thursday, May 28th, Financial Lp Hrt purchased 599,115 shares of Hub Cyber Security stock. The stock was bought at an average price of $0.12 per share, for a total transaction of $71,893.80.
• On Friday, May 29th, Financial Lp Hrt sold 237,085 shares of Hub Cyber Security stock. The shares were sold at an average price of $0.45, for a total value of $106,688.25.

Hub Cyber Security Stock Performance

HUBC stock traded up $0.13 during trading on Wednesday, hitting $0.61. The company had a trading volume of 199,554,447 shares, compared to its average volume of 32,728,209. Hub Cyber Security Ltd. has a 1-year low of $0.10 and a 1-year high of $3,322.50. The firm has a 50-day moving average price of $3.46 and a 200-day moving average price of $201.39.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Hub Cyber Security

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

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.