Hub Cyber Security (NASDAQ:HUBC) Shares Scheduled to Reverse Split on Monday, June 8th

Shares of Hub Cyber Security Ltd. (NASDAQ:HUBC) are set to reverse split on the morning of Monday, June 8th. The 1-20 reverse split was announced on Wednesday, June 3rd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, June 5th.

Hub Cyber Security Stock Performance

NASDAQ HUBC traded down $0.45 on Thursday, hitting $0.20. 138,076,720 shares of the stock were exchanged, compared to its average volume of 34,559,938. The business’s fifty day moving average is $3.11 and its 200 day moving average is $188.14. Hub Cyber Security has a 52 week low of $0.10 and a 52 week high of $3,322.50.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Hub Cyber Security to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Insider Activity

In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 629,415 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $0.72, for a total value of $453,178.80. Following the completion of the transaction, the insider owned 24,478 shares of the company’s stock, valued at $17,624.16. This represents a 96.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Hub Cyber Security

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE bought a new position in Hub Cyber Security during the 2nd quarter worth approximately $266,000. Cresset Asset Management LLC acquired a new position in Hub Cyber Security in the third quarter valued at $133,000. Goldman Sachs Group Inc. bought a new stake in Hub Cyber Security during the first quarter valued at $65,000. Finally, HRT Financial LP acquired a new stake in Hub Cyber Security during the 4th quarter worth about $28,000. Institutional investors own 4.70% of the company’s stock.

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.