Financial Lp Hrt Buys 619,931 Shares of Hub Cyber Security (NASDAQ:HUBC) Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt purchased 619,931 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $0.05 per share, with a total value of $30,996.55. Following the purchase, the insider owned 653,893 shares in the company, valued at $32,694.65. This represents a 1,825.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 value of $453,178.80.
• 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, 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 shares were sold at an average price of $0.45, for a total value of $106,688.25.

Hub Cyber Security Stock Up 27.5%

Hub Cyber Security stock traded up $0.13 during trading hours on Wednesday, reaching $0.61. 199,554,447 shares of the company were exchanged, compared to its average volume of 32,728,209. The stock has a 50-day moving average of $3.46 and a 200 day moving average of $201.39. Hub Cyber Security Ltd. has a 12 month low of $0.10 and a 12 month high of $3,322.50.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Hub Cyber Security

Several hedge funds have recently modified their holdings of HUBC. Goldman Sachs Group Inc. bought a new stake in shares of Hub Cyber Security in the first quarter valued at approximately $65,000. Bank of America Corp DE acquired a new position in shares of Hub Cyber Security in the second quarter valued at $266,000. Cresset Asset Management LLC acquired a new position in shares of Hub Cyber Security in the third quarter valued at $133,000. Finally, HRT Financial LP acquired a new position in shares of Hub Cyber Security in the fourth quarter valued at $28,000. 4.70% of the stock is owned by institutional investors.

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.