Insider Buying: Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Purchases $71,893.80 in Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt acquired 599,115 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of $0.12 per share, for a total transaction of $71,893.80. Following the acquisition, the insider directly owned 271,047 shares of the company’s stock, valued at approximately $32,525.64. The trade was a -182.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 acquired 619,931 shares of Hub Cyber Security stock. The shares were acquired at an average price of $0.05 per share, for a total transaction of $30,996.55.
• On Friday, May 29th, Financial Lp Hrt sold 237,085 shares of Hub Cyber Security stock. The stock was sold at an average price of $0.45, for a total value of $106,688.25.

Hub Cyber Security Trading Up 35.3%

Shares of Hub Cyber Security stock opened at $0.65 on Thursday. Hub Cyber Security Ltd. has a twelve month low of $0.10 and a twelve month high of $3,322.50. The business’s fifty day moving average price is $3.11 and its 200 day moving average price is $188.14.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

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.