Insider Selling: Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Sells $293,294.88 in Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt sold 143,772 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $2.04, for a total value of $293,294.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Friday, June 5th, Financial Lp Hrt acquired 341,196 shares of Hub Cyber Security stock. The stock was bought at an average price of $0.21 per share, for a total transaction of $71,651.16.
• 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 acquired 904,252 shares of Hub Cyber Security stock. The stock was bought at an average price of $0.66 per share, for a total transaction 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 acquired 30,996 shares of Hub Cyber Security stock. The stock was bought at an average price of $1.00 per share, for a total transaction of $30,996.00.
• On Thursday, May 28th, Financial Lp Hrt acquired 29,955 shares of Hub Cyber Security stock. The stock was bought at an average price of $2.40 per share, for a total transaction of $71,892.00.
• On Friday, May 29th, Financial Lp Hrt sold 11,854 shares of Hub Cyber Security stock. The stock was sold at an average price of $9.00, for a total value of $106,686.00.

Hub Cyber Security Stock Performance

NASDAQ HUBC opened at $1.30 on Friday. Hub Cyber Security Ltd. has a one year low of $1.14 and a one year high of $66,450.00. The stock’s 50 day simple moving average is $43.45 and its 200 day simple moving average is $3,093.70.

Institutional Inflows and Outflows

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

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, According to MarketBeat, Hub Cyber Security presently 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.