Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Financial Lp Hrt Sells 237,085 Shares of Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt sold 237,085 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $0.45, for a total value of $106,688.25. Following the completion of the transaction, the insider owned 33,962 shares in the company, valued at approximately $15,282.90. This trade represents a 87.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Thursday, May 28th, Financial Lp Hrt acquired 599,115 shares of Hub Cyber Security stock. The shares were bought at an average cost of $0.12 per share, with a total value of $71,893.80.

Hub Cyber Security Stock Up 97.2%

NASDAQ:HUBC opened at $0.52 on Tuesday. The company has a 50 day moving average price of $3.46 and a 200 day moving average price of $201.39. Hub Cyber Security Ltd. has a fifty-two week low of $0.10 and a fifty-two week high of $3,322.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HUBC. HRT Financial LP purchased a new position in Hub Cyber Security during the 4th quarter worth $28,000. Goldman Sachs Group Inc. purchased a new position in Hub Cyber Security during the 1st quarter worth $65,000. Cresset Asset Management LLC purchased a new position in Hub Cyber Security during the 3rd quarter worth $133,000. Finally, Bank of America Corp DE purchased a new position in Hub Cyber Security during the 2nd quarter worth $266,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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