Insider Selling: Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Sells $106,688.25 in Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt sold 237,085 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $0.45, for a total value of $106,688.25. Following the transaction, the insider owned 33,962 shares in the company, valued at $15,282.90. The trade was a 87.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 purchased at an average price of $0.05 per share, for a total transaction of $30,996.55.
• On Thursday, May 28th, Financial Lp Hrt acquired 599,115 shares of Hub Cyber Security stock. The shares were purchased at an average price of $0.12 per share, for a total transaction of $71,893.80.

Hub Cyber Security Trading Up 35.3%

HUBC stock opened at $0.65 on Thursday. The business’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $188.14. Hub Cyber Security Ltd. has a fifty-two week low of $0.10 and a fifty-two week high of $3,322.50.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Hub Cyber Security to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Hub Cyber Security presently has an average 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.