Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Financial Lp Hrt Buys 619,931 Shares

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt bought 619,931 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $0.05 per share, for a total transaction of $30,996.55. Following the completion of the purchase, the insider owned 653,893 shares of the company’s stock, valued at approximately $32,694.65. The trade was a 1,825.37% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 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 Tuesday, June 2nd, Financial Lp Hrt sold 629,415 shares of Hub Cyber Security stock. The shares were 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 purchased 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 transaction of $106,688.25.

Hub Cyber Security Stock Performance

NASDAQ:HUBC opened at $0.65 on Thursday. Hub Cyber Security Ltd. has a fifty-two week low of $0.10 and a fifty-two week high of $3,322.50. The firm has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $188.14.

Institutional Investors Weigh In On Hub Cyber Security

Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in shares of Hub Cyber Security during the first quarter valued at $65,000. Bank of America Corp DE purchased a new stake in shares of Hub Cyber Security during the second quarter valued at $266,000. Cresset Asset Management LLC purchased a new stake in shares of Hub Cyber Security during the third quarter valued at $133,000. Finally, HRT Financial LP purchased a new stake in shares of Hub Cyber Security during the fourth quarter valued at $28,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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