Insider Selling: Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Sells 237,085 Shares of Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt sold 237,085 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $0.45, for a total transaction of $106,688.25. Following the completion of the sale, the insider directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Hub Cyber Security Stock Up 97.2%

Shares of HUBC stock traded up $0.25 during trading hours on Monday, reaching $0.52. The stock had a trading volume of 410,846,697 shares, compared to its average volume of 26,045,580. Hub Cyber Security Ltd. has a twelve month low of $0.10 and a twelve month high of $3,322.50. The firm has a 50-day simple moving average of $3.71 and a 200-day simple moving average of $208.83.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Hub Cyber Security

Several hedge funds have recently made changes to their positions in the business. HRT Financial LP purchased a new position in shares of Hub Cyber Security in the fourth quarter worth approximately $28,000. Goldman Sachs Group Inc. purchased a new stake in shares of Hub Cyber Security in the 1st quarter valued at approximately $65,000. Cresset Asset Management LLC purchased a new stake in shares of Hub Cyber Security in the 3rd quarter valued at approximately $133,000. Finally, Bank of America Corp DE purchased a new stake in shares of Hub Cyber Security in the 2nd quarter valued at approximately $266,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

About Hub Cyber Security

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.