Wall Street Zen Downgrades Hub Cyber Security (NASDAQ:HUBC) to Sell

Hub Cyber Security (NASDAQ:HUBC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Hub Cyber Security Price Performance

HUBC opened at $1.99 on Friday. The business has a 50 day simple moving average of $30.60 and a 200-day simple moving average of $2,515.67. Hub Cyber Security has a 12 month low of $1.14 and a 12 month high of $66,450.00.

Insider Transactions at Hub Cyber Security

In other Hub Cyber Security news, major shareholder Financial Lp Hrt bought 341,196 shares of Hub Cyber Security stock in a transaction on 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 completion of the acquisition, the insider owned 595,325 shares in the company, valued at $125,018.25. The trade was a 134.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Hub Cyber Security

A number of institutional investors and hedge funds have recently made changes to their positions in HUBC. Bank of America Corp DE purchased a new position in shares of Hub Cyber Security in the 2nd quarter valued at about $266,000. HRT Financial LP purchased a new stake in Hub Cyber Security during the fourth quarter worth about $28,000. Cresset Asset Management LLC purchased a new stake in Hub Cyber Security during the third quarter worth about $133,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Hub Cyber Security during the first quarter worth about $65,000. 4.70% of the stock is owned by institutional investors and hedge funds.

Hub Cyber Security Company Profile

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.