Hub Cyber Security (NASDAQ:HUBC) Shares Down 2.2% – Time to Sell?

Shares of Hub Cyber Security Ltd. (NASDAQ:HUBC) traded down 2.2% on Monday . The stock traded as low as $1.27 and last traded at $1.31. 167,972 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 4,050,889 shares. The stock had previously closed at $1.34.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Hub Cyber Security from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hub Cyber Security has an average rating of “Sell”.

Hub Cyber Security Stock Up 0.8%

The company’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $1,340.57.

Insider Transactions at Hub Cyber Security

In other Hub Cyber Security news, major shareholder Financial Lp Hrt bought 341,196 shares of the company’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of $0.21 per share, for a total transaction of $71,651.16. Following the transaction, the insider owned 595,325 shares of the company’s stock, valued at approximately $125,018.25. This trade represents a 134.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.70% of the company’s stock.

Institutional Trading of Hub Cyber Security

Several hedge funds have recently modified their holdings of HUBC. Goldman Sachs Group Inc. purchased a new stake in shares of Hub Cyber Security in the first quarter valued at approximately $65,000. Bank of America Corp DE acquired a new position in Hub Cyber Security during the second quarter worth $266,000. Cresset Asset Management LLC purchased a new position in Hub Cyber Security in the third quarter worth $133,000. Finally, HRT Financial LP purchased a new position in Hub Cyber Security in the fourth quarter worth $28,000. 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.