Key Points
- Major shareholder Financial Lp Hrt sold 237,085 shares of Hub Cyber Security (NASDAQ:HUBC) on May 29 at an average price of $0.45, for proceeds of about $106,688. The sale reduced its stake by 87.47%.
- The same shareholder had purchased 599,115 shares the day before, on May 28, at an average price of $0.12 per share, showing a sharp shift in trading activity over two days.
- HUBC shares were trading up 97.2% at $0.52, while analyst sentiment remained weak, with an overall average rating of "Sell" despite a recent upgrade to "Hold" by Wall Street Zen.
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Hub Cyber Security Ltd. (NASDAQ:HUBC - Get Free Report) major shareholder Financial Lp Hrt acquired 599,115 shares of the stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of $0.12 per share, with a total value of $71,893.80. Following the purchase, the insider directly owned 271,047 shares in the company, valued at $32,525.64. This represents a -182.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through 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.
Financial Lp Hrt also recently made the following trade(s):
- 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 transaction of $106,688.25.
Hub Cyber Security Trading Up 97.2%
NASDAQ:HUBC opened at $0.52 on Tuesday. The company has a fifty day moving average of $3.46 and a 200-day moving average of $201.39. Hub Cyber Security Ltd. has a twelve month low of $0.10 and a twelve month high of $3,322.50.
Institutional Investors Weigh In On Hub Cyber Security
Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in shares of Hub Cyber Security in the second quarter worth about $266,000. Cresset Asset Management LLC purchased a new stake in Hub Cyber Security in the third quarter valued at approximately $133,000. Goldman Sachs Group Inc. purchased a new stake in Hub Cyber Security in the first quarter valued at approximately $65,000. Finally, HRT Financial LP bought a new position in Hub Cyber Security during the fourth quarter valued at approximately $28,000. 4.70% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded 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, According to MarketBeat.com, the company currently has a consensus rating of "Sell".
View Our Latest Stock Report on Hub Cyber Security
About Hub Cyber Security
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Get Free Report)
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.
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