Hub Cyber Security (NASDAQ:HUBC) Announces Earnings Results

Hub Cyber Security (NASDAQ:HUBC) released its earnings results on Friday. The company reported $30,359.70 earnings per share for the quarter, FiscalAI reports. The business had revenue of $8.28 million for the quarter.

Hub Cyber Security Trading Up 1.7%

NASDAQ HUBC opened at $1.20 on Friday. The firm’s 50 day moving average price is $2.57 and its 200-day moving average price is $1,244.07. Hub Cyber Security has a 52-week low of $1.13 and a 52-week high of $66,450.00.

Insider Buying and Selling

In other Hub Cyber Security news, major shareholder Financial Lp Hrt acquired 341,196 shares of Hub Cyber Security stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price 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 represents a 134.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in shares of Hub Cyber Security in the 1st quarter worth $65,000. Cresset Asset Management LLC acquired a new position in shares of Hub Cyber Security during the third quarter worth $133,000. HRT Financial LP acquired a new position in shares of Hub Cyber Security during the fourth quarter worth $28,000. Finally, Bank of America Corp DE purchased a new stake in Hub Cyber Security in the second quarter valued at about $266,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Hub Cyber Security from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus 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.