Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Financial Lp Hrt Buys 341,196 Shares

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt acquired 341,196 shares of the business’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $0.21 per share, for a total transaction of $71,651.16. Following the purchase, the insider directly owned 595,325 shares of the company’s stock, valued at $125,018.25. This represents a 134.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% 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 Thursday, June 4th, Financial Lp Hrt sold 33,730 shares of Hub Cyber Security stock. The shares were sold at an average price of $5.00, for a total value of $168,650.00.
• On Wednesday, June 3rd, Financial Lp Hrt bought 904,252 shares of Hub Cyber Security stock. The shares were bought at an average cost of $0.66 per share, with a total value of $596,806.32.
• On Tuesday, June 2nd, Financial Lp Hrt sold 629,415 shares of Hub Cyber Security stock. The shares were sold at an average price of $0.72, for a total value of $453,178.80.
• On Monday, June 1st, Financial Lp Hrt bought 30,996 shares of Hub Cyber Security stock. The shares were bought at an average cost of $1.00 per share, with a total value of $30,996.00.
• On Thursday, May 28th, Financial Lp Hrt bought 29,955 shares of Hub Cyber Security stock. The shares were bought at an average cost of $2.40 per share, with a total value of $71,892.00.
• On Friday, May 29th, Financial Lp Hrt sold 11,854 shares of Hub Cyber Security stock. The shares were sold at an average price of $9.00, for a total value of $106,686.00.

Hub Cyber Security Stock Performance

Shares of NASDAQ HUBC traded down $2.06 during midday trading on Monday, hitting $1.76. 6,058,021 shares of the company’s stock were exchanged, compared to its average volume of 1,782,631. The stock’s 50 day moving average price is $52.95 and its 200-day moving average price 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

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

Analyst Upgrades and Downgrades

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, Hub Cyber Security has an average 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.