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

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares are scheduled to reverse split before the market opens on 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 Down 68.9%

NASDAQ:HUBC traded down $0.45 during trading hours on Thursday, hitting $0.20. The stock had a trading volume of 138,076,720 shares, compared to its average volume of 34,559,938. Hub Cyber Security has a one year low of $0.10 and a one year high of $3,322.50. The business’s 50 day moving average is $2.88 and its 200-day moving average is $182.07.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 629,415 shares of the stock in a transaction on 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 sale, the insider owned 24,478 shares in the company, valued at $17,624.16. This trade represents a 96.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.70% of the company’s stock.

Institutional Trading of Hub Cyber Security

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security during the 1st quarter worth about $65,000. Cresset Asset Management LLC acquired a new stake in shares of Hub Cyber Security during the 3rd quarter worth about $133,000. HRT Financial LP acquired a new stake in shares of Hub Cyber Security during the 4th quarter worth about $28,000. Finally, Bank of America Corp DE acquired a new stake in shares of Hub Cyber Security during the 2nd quarter worth about $266,000. 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.