Hub Cyber Security (NASDAQ:HUBC) Trading Up 4.7% – What’s Next?

Hub Cyber Security Ltd. (NASDAQ:HUBC) shot up 4.7% during mid-day trading on Tuesday . The company traded as high as $1.39 and last traded at $1.35. 437,651 shares were traded during trading, an increase of 42% from the average session volume of 308,975 shares. The stock had previously closed at $1.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HUBC shares. Wall Street Zen lowered shares of Hub Cyber Security from a “hold” rating to a “strong sell” rating in a report on Saturday, January 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Hub Cyber Security currently has an average rating of “Sell”.

Hub Cyber Security Stock Performance

The firm has a fifty day moving average price of $3.68 and a 200 day moving average price of $16.55.

Institutional Investors Weigh In On Hub Cyber Security

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 acquired a new stake in shares of Hub Cyber Security in the third quarter valued at approximately $133,000. HRT Financial LP acquired a new stake in shares of Hub Cyber Security in the fourth quarter valued at approximately $28,000. Finally, Bank of America Corp DE bought a new position in Hub Cyber Security in the 2nd quarter worth approximately $266,000. Institutional investors and hedge funds 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.