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

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt bought 341,196 shares of the stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $0.21 per share, with a total value of $71,651.16. Following the completion of the purchase, the insider directly owned 595,325 shares of the company’s stock, 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 is available at 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 Monday, June 8th, Financial Lp Hrt sold 143,772 shares of Hub Cyber Security stock. The shares were sold at an average price of $2.04, for a total transaction of $293,294.88.
• On Thursday, June 4th, Financial Lp Hrt sold 33,730 shares of Hub Cyber Security stock. The shares were sold at an average price of $5.00, for a total transaction of $168,650.00.
• On Wednesday, June 3rd, Financial Lp Hrt bought 904,252 shares of Hub Cyber Security stock. The shares were bought at an average cost of $0.66 per share, with a total value 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 transaction 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, with a total value 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 transaction of $106,686.00.

Hub Cyber Security Price Performance

Shares of HUBC opened at $1.51 on Wednesday. Hub Cyber Security Ltd. has a 12-month low of $1.14 and a 12-month high of $66,450.00. The firm has a fifty day moving average price of $47.80 and a 200-day moving average price of $3,297.02.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Hub Cyber Security

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

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.