Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Sells $453,178.80 in Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) 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 value of $453,178.80. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock 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 bought 619,931 shares of Hub Cyber Security stock. The stock was bought at an average price of $0.05 per share, with a total value of $30,996.55.
• On Thursday, May 28th, Financial Lp Hrt bought 599,115 shares of Hub Cyber Security stock. The stock was bought at an average price 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 value of $106,688.25.

Hub Cyber Security Trading Up 27.5%

NASDAQ:HUBC traded up $0.13 during midday trading on Wednesday, reaching $0.61. The company had a trading volume of 199,554,447 shares, compared to its average volume of 32,728,209. The stock’s fifty day simple moving average is $3.46 and its 200-day simple moving average is $201.39. Hub Cyber Security Ltd. has a 12-month low of $0.10 and a 12-month high of $3,322.50.

Institutional Trading of Hub Cyber Security

Institutional investors and hedge funds have recently made changes to their positions in the company. HRT Financial LP purchased a new stake in shares of Hub Cyber Security in the 4th quarter valued at about $28,000. Goldman Sachs Group Inc. purchased a new stake in shares of Hub Cyber Security in the 1st quarter valued at about $65,000. Cresset Asset Management LLC purchased a new stake in shares of Hub Cyber Security in the 3rd quarter valued at about $133,000. Finally, Bank of America Corp DE purchased a new stake in shares of Hub Cyber Security in the 2nd quarter valued at about $266,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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