Financial Lp Hrt Purchases 619,931 Shares of Hub Cyber Security (NASDAQ:HUBC) Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt acquired 619,931 shares of Hub Cyber Security stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $0.05 per share, with a total value of $30,996.55. Following the completion of the transaction, the insider owned 653,893 shares of the company’s stock, valued at approximately $32,694.65. This trade represents a 1,825.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 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 transaction of $453,178.80.
• On Thursday, May 28th, Financial Lp Hrt acquired 599,115 shares of Hub Cyber Security stock. The shares were bought at an average cost of $0.12 per share, with a total value of $71,893.80.
• 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 transaction of $106,688.25.

Hub Cyber Security Stock Down 68.9%

HUBC stock opened at $0.20 on Friday. The company has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $182.07. Hub Cyber Security Ltd. has a one year low of $0.10 and a one year high of $3,322.50.

Hub Cyber Security’s stock is set to reverse split on Monday, June 8th. The 1-20 reverse split was announced on Wednesday, June 3rd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 5th.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of 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 data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Hub Cyber Security

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

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.