Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Financial Lp Hrt Purchases 341,196 Shares of Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt purchased 341,196 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $0.21 per share, with a total value of $71,651.16. Following the completion of the transaction, the insider owned 595,325 shares in the company, valued at approximately $125,018.25. This trade represents a 134.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% 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 Thursday, June 4th, Financial Lp Hrt sold 33,730 shares of Hub Cyber Security stock. The stock was sold at an average price of $5.00, for a total transaction of $168,650.00.
• On Wednesday, June 3rd, Financial Lp Hrt acquired 904,252 shares of Hub Cyber Security stock. The stock was acquired at an average cost of $0.66 per share, for a total transaction of $596,806.32.
• 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 value of $453,178.80.
• On Monday, June 1st, Financial Lp Hrt bought 30,996 shares of Hub Cyber Security stock. The shares were bought at an average cost of $1.00 per share, with a total value of $30,996.00.
• On Thursday, May 28th, Financial Lp Hrt bought 29,955 shares of Hub Cyber Security stock. The shares were bought at an average cost of $2.40 per share, for a total transaction of $71,892.00.
• On Friday, May 29th, Financial Lp Hrt sold 11,854 shares of Hub Cyber Security stock. The shares were sold at an average price of $9.00, for a total value of $106,686.00.

Hub Cyber Security Price Performance

Shares of HUBC stock opened at $1.76 on Tuesday. Hub Cyber Security Ltd. has a 1-year low of $1.64 and a 1-year high of $66,450.00. The stock has a 50-day moving average of $50.40 and a 200-day moving average of $3,402.65.

Institutional Investors Weigh In On Hub Cyber Security

A number of hedge funds have recently added to or reduced their stakes in HUBC. HRT Financial LP acquired a new position in Hub Cyber Security in the fourth quarter valued at approximately $28,000. Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security during the 1st quarter worth approximately $65,000. Cresset Asset Management LLC bought a new stake in shares of Hub Cyber Security in the 3rd quarter valued at $133,000. Finally, Bank of America Corp DE bought a new stake in shares of Hub Cyber Security in the 2nd quarter valued at $266,000. 4.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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