Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Financial Lp Hrt Sells 629,415 Shares of Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt sold 629,415 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 24,478 shares of the company’s stock, valued at approximately $17,624.16. The trade was a 96.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, June 1st, Financial Lp Hrt acquired 619,931 shares of Hub Cyber Security stock. The stock was acquired at an average price of $0.05 per share, with a total value of $30,996.55.
• On Thursday, May 28th, Financial Lp Hrt purchased 599,115 shares of Hub Cyber Security stock. The shares were acquired 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 shares were sold at an average price of $0.45, for a total transaction of $106,688.25.

Hub Cyber Security Stock Up 35.3%

HUBC stock opened at $0.65 on Thursday. The company has a fifty day moving average price of $3.11 and a 200-day moving average price of $188.14. Hub Cyber Security Ltd. has a 52-week low of $0.10 and a 52-week high of $3,322.50.

Institutional Trading of Hub Cyber Security

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

Analyst Ratings Changes

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 data from MarketBeat.com, Hub Cyber Security currently has an average rating of “Sell”.

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.