Financial Lp Hrt Sells 674,601 Shares of Hub Cyber Security (NASDAQ:HUBC) Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt sold 674,601 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $0.25, for a total transaction of $168,650.25. Following the sale, the insider directly owned 254,129 shares in the company, valued at approximately $63,532.25. This trade represents a 72.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Wednesday, June 3rd, Financial Lp Hrt bought 904,252 shares of Hub Cyber Security stock. The shares were purchased at an average cost of $0.66 per share, for a total transaction 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 619,931 shares of Hub Cyber Security stock. The shares were purchased at an average cost of $0.05 per share, for a total transaction of $30,996.55.
• On Thursday, May 28th, Financial Lp Hrt bought 599,115 shares of Hub Cyber Security stock. The shares were purchased at an average cost of $0.12 per share, for a total transaction of $71,893.80.
• On Friday, May 29th, Financial Lp Hrt sold 237,085 shares of Hub Cyber Security stock. The stock was sold at an average price of $0.45, for a total transaction of $106,688.25.

Hub Cyber Security Trading Up 8.9%

Shares of NASDAQ HUBC traded up $0.02 during mid-day trading on Friday, reaching $0.22. The company had a trading volume of 56,831,443 shares, compared to its average volume of 34,786,215. Hub Cyber Security Ltd. has a twelve month low of $0.10 and a twelve month high of $3,322.50. The stock’s 50 day moving average is $2.88 and its 200-day moving average is $182.07.

Hub Cyber Security shares are scheduled to reverse split on 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 closing bell on Friday, June 5th.

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hub Cyber Security currently has an average rating of “Sell”.

Institutional Investors Weigh In On Hub Cyber Security

A number of large investors have recently bought and sold shares of the business. HRT Financial LP bought a new stake in Hub Cyber Security in the fourth quarter worth $28,000. Cresset Asset Management LLC bought a new stake in Hub Cyber Security in the third quarter worth $133,000. Bank of America Corp DE bought a new stake in Hub Cyber Security in the second quarter worth $266,000. Finally, Goldman Sachs Group Inc. bought a new stake in Hub Cyber Security in the first quarter worth $65,000. 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.