Hub Cyber Security Stock Set to Reverse Split on Monday, June 8th (NASDAQ:HUBC)

Shares of Hub Cyber Security Ltd. (NASDAQ:HUBC) are 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 market closes on Friday, June 5th.

Hub Cyber Security Stock Down 68.9%

Shares of Hub Cyber Security stock traded down $0.45 during trading on Thursday, reaching $0.20. 138,076,720 shares of the company traded hands, compared to its average volume of 34,559,938. Hub Cyber Security has a 1-year low of $0.10 and a 1-year high of $3,322.50. The company has a 50 day moving average price of $3.11 and a 200-day moving average price of $188.14.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Hub Cyber Security to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Insiders Place Their Bets

In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 629,415 shares of Hub Cyber Security stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $0.72, for a total transaction of $453,178.80. Following the transaction, the insider directly owned 24,478 shares of the company’s stock, valued at $17,624.16. The trade was a 96.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Hub Cyber Security

A number of institutional investors have recently added to or reduced their stakes in HUBC. HRT Financial LP bought a new position in shares of Hub Cyber Security during the 4th quarter worth approximately $28,000. Goldman Sachs Group Inc. purchased a new stake in shares of Hub Cyber Security during the first quarter valued at approximately $65,000. Cresset Asset Management LLC bought a new stake in Hub Cyber Security during the third quarter worth $133,000. Finally, Bank of America Corp DE purchased a new position in Hub Cyber Security in the second quarter worth $266,000. 4.70% of the stock is owned by institutional investors.

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.