Key Points
- Major shareholder Financial Lp Hrt sold 629,415 shares of Hub Cyber Security on June 2 at an average price of $0.72, for total proceeds of about $453,179. After the sale, it held 24,478 shares, a 96.26% reduction in its position.
- The filing also shows recent trading activity by Financial Lp Hrt included large purchases on June 1 and May 28, plus a sale on May 29, highlighting heavy insider turnover in HUBC shares over a short period.
- Hub Cyber Security stock opened at $0.65, with shares far below both the 50-day moving average of $3.11 and the 200-day moving average of $188.14. Analyst sentiment remains weak, with MarketBeat reporting a consensus rating of “Sell.”
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Hub Cyber Security Ltd. (NASDAQ:HUBC - Get Free Report) major shareholder Financial Lp Hrt bought 619,931 shares of the stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of $0.05 per share, for a total transaction of $30,996.55. Following the acquisition, the insider owned 653,893 shares of the company's stock, valued at $32,694.65. This trade represents a 1,825.37% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions 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 stock was acquired 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 Price Performance
HUBC opened at $0.65 on Thursday. The company's 50 day moving average is $3.11 and its 200 day moving average is $188.14. Hub Cyber Security Ltd. has a 12-month low of $0.10 and a 12-month high of $3,322.50.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. HRT Financial LP bought a new position in shares of Hub Cyber Security in the fourth quarter worth about $28,000. Goldman Sachs Group Inc. bought a new position in shares of Hub Cyber Security in the first quarter worth about $65,000. Cresset Asset Management LLC bought a new position in shares of Hub Cyber Security in the third quarter worth about $133,000. Finally, Bank of America Corp DE bought a new position in shares of Hub Cyber Security in the second quarter worth about $266,000. Institutional investors own 4.70% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Hub Cyber Security to a "hold" rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".
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About Hub Cyber Security
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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.
Further Reading
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