Key Points
- Major shareholder Financial Lp Hrt bought 341,196 shares of Hub Cyber Security on June 5 at an average price of $0.21, increasing its direct ownership to 595,325 shares.
- The purchase was disclosed in an SEC filing and followed a series of recent insider trades by the same shareholder, including both purchases and sales over the prior week.
- Despite the insider activity, Wall Street Zen recently upgraded HUBC to hold, while MarketBeat data still shows a broader consensus rating of sell.
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Hub Cyber Security Ltd. (NASDAQ:HUBC - Get Free Report) major shareholder Financial Lp Hrt bought 341,196 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $0.21 per share, with a total value of $71,651.16. Following the completion of the transaction, the insider directly owned 595,325 shares in the company, valued at $125,018.25. This represents a 134.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more 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 Thursday, June 4th, Financial Lp Hrt sold 33,730 shares of Hub Cyber Security stock. The stock was sold at an average price of $5.00, for a total value of $168,650.00.
- On Wednesday, June 3rd, Financial Lp Hrt acquired 904,252 shares of Hub Cyber Security stock. The stock was purchased at an average cost of $0.66 per share, with a total value 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 value of $453,178.80.
- On Monday, June 1st, Financial Lp Hrt bought 30,996 shares of Hub Cyber Security stock. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $30,996.00.
- On Thursday, May 28th, Financial Lp Hrt bought 29,955 shares of Hub Cyber Security stock. The stock was purchased at an average price of $2.40 per share, for a total transaction of $71,892.00.
- On Friday, May 29th, Financial Lp Hrt sold 11,854 shares of Hub Cyber Security stock. The shares were sold at an average price of $9.00, for a total transaction of $106,686.00.
Hub Cyber Security Price Performance
NASDAQ HUBC opened at $1.76 on Tuesday. The company has a fifty day simple moving average of $50.40 and a 200 day simple moving average of $3,402.65. Hub Cyber Security Ltd. has a 12-month low of $1.64 and a 12-month high of $66,450.00.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new stake in Hub Cyber Security in the 2nd quarter valued at $266,000. HRT Financial LP bought a new position in Hub Cyber Security during the 4th quarter valued at $28,000. Cresset Asset Management LLC purchased a new position in Hub Cyber Security during the 3rd quarter worth $133,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Hub Cyber Security in the 1st quarter worth $65,000. Hedge funds and other institutional investors own 4.70% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of 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, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".
Get Our Latest Analysis on HUBC
About Hub Cyber Security
(
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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