Hub Cyber Security (NASDAQ:HUBC) Shares Up 1.4% – Here’s What Happened

Hub Cyber Security Ltd. (NASDAQ:HUBC)’s stock price was up 1.4% during trading on Thursday . The company traded as high as $1.46 and last traded at $1.42. Approximately 380,585 shares changed hands during trading, a decline of 50% from the average daily volume of 759,133 shares. The stock had previously closed at $1.40.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HUBC shares. Wall Street Zen raised shares of Hub Cyber Security from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Hub Cyber Security in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hub Cyber Security Price Performance

The firm’s 50 day moving average price is $1.96 and its 200-day moving average price is $2.41.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hub Cyber Security stock. Bank of America Corp DE bought a new stake in Hub Cyber Security Ltd. (NASDAQ:HUBC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 138,448 shares of the company’s stock, valued at approximately $266,000. Bank of America Corp DE owned about 1.38% of Hub Cyber Security at the end of the most recent quarter. 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.