Financial Lp Hrt Sells 237,085 Shares of Hub Cyber Security (NASDAQ:HUBC) Stock

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt sold 237,085 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $0.45, for a total transaction of $106,688.25. Following the completion of the sale, the insider directly owned 33,962 shares in the company, valued at approximately $15,282.90. This represents a 87.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, May 28th, Financial Lp Hrt acquired 599,115 shares of Hub Cyber Security stock. The stock was purchased at an average cost of $0.12 per share, for a total transaction of $71,893.80.

Hub Cyber Security Stock Down 6.8%

NASDAQ:HUBC opened at $0.48 on Wednesday. The firm’s fifty day moving average is $3.46 and its 200-day moving average is $201.39. Hub Cyber Security Ltd. has a 52 week low of $0.10 and a 52 week high of $3,322.50.

Wall Street Analyst Weigh In

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

Institutional Trading of Hub Cyber Security

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in shares of Hub Cyber Security in the second quarter valued at about $266,000. HRT Financial LP purchased a new stake in shares of Hub Cyber Security in the fourth quarter valued at about $28,000. Cresset Asset Management LLC purchased a new stake in shares of Hub Cyber Security in the third quarter valued at about $133,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Hub Cyber Security in the first quarter valued at about $65,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

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.