Hub Cyber Security (NASDAQ:HUBC) Posts Earnings Results

Hub Cyber Security (NASDAQ:HUBC) announced its quarterly earnings results on Friday. The company reported $30,359.70 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $8.28 million during the quarter.

Hub Cyber Security Price Performance

Shares of NASDAQ:HUBC traded up $0.02 during midday trading on Friday, reaching $1.20. The company’s stock had a trading volume of 220,347 shares, compared to its average volume of 2,109,431. Hub Cyber Security has a 1 year low of $1.13 and a 1 year high of $66,450.00. The business has a 50 day moving average price of $2.65 and a 200 day moving average price of $1,252.82.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Hub Cyber Security from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt acquired 341,196 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $0.21 per share, with a total value of $71,651.16. Following the purchase, the insider directly owned 595,325 shares in the company, valued at $125,018.25. The trade was a 134.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Hub Cyber Security

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Hub Cyber Security in the 1st quarter valued at about $65,000. Cresset Asset Management LLC acquired a new position in Hub Cyber Security during the third quarter valued at approximately $133,000. HRT Financial LP acquired a new position in Hub Cyber Security during the fourth quarter valued at approximately $28,000. Finally, Bank of America Corp DE purchased a new stake in Hub Cyber Security during the second quarter worth approximately $266,000. 4.70% of the stock is currently owned by hedge funds and other 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.