Hub Cyber Security (NASDAQ:HUBC) Trading Up 6.9% – Still a Buy?

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares were up 6.9% during trading on Thursday . The company traded as high as $0.74 and last traded at $0.7368. Approximately 256,310 shares changed hands during trading, a decline of 38% from the average session volume of 415,477 shares. The stock had previously closed at $0.6894.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen raised Hub Cyber Security from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hub Cyber Security currently has an average rating of “Sell”.

Hub Cyber Security Trading Down 1.2%

The firm’s fifty day moving average price is $1.22 and its two-hundred day moving average price is $408.27.

Hub Cyber Security (NASDAQ:HUBC) last issued its earnings results on Friday, July 17th. The company reported ($52.60) EPS for the quarter. The firm had revenue of $8.28 million during the quarter.

Insider Transactions at Hub Cyber Security

In other news, major shareholder Financial Lp Hrt purchased 341,196 shares of the business’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $0.21 per share, for a total transaction of $71,651.16. Following the completion of the acquisition, the insider owned 595,325 shares in the company, valued at approximately $125,018.25. The trade was a 134.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Hub Cyber Security

A number of institutional investors have recently modified their holdings of the company. HRT Financial LP bought a new position in shares of Hub Cyber Security in the 4th quarter worth $28,000. Bank of America Corp DE bought a new stake in Hub Cyber Security during the 2nd quarter valued at $266,000. Cresset Asset Management LLC acquired a new position in Hub Cyber Security during the third quarter worth $133,000. Finally, Goldman Sachs Group Inc. acquired a new position in Hub Cyber Security during the first quarter worth $65,000. 4.70% of the stock is owned by institutional investors and hedge funds.

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.