Hub Cyber Security (NASDAQ:HUBC) Trading Down 2.2% – What’s Next?

Shares of Hub Cyber Security Ltd. (NASDAQ:HUBC) were down 2.2% during trading on Monday . The company traded as low as $1.27 and last traded at $1.31. 167,972 shares were traded during trading, a decline of 96% from the average session volume of 4,050,889 shares. The stock had previously closed at $1.34.

Analysts Set New Price Targets

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

Hub Cyber Security Trading Down 2.2%

The firm’s fifty day moving average price is $2.95 and its 200-day moving average price is $1,382.82.

Insider Buying and Selling at Hub Cyber Security

In related news, major shareholder Financial Lp Hrt sold 143,772 shares of Hub Cyber Security stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $2.04, for a total transaction of $293,294.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Hub Cyber Security

Several large investors have recently added to or reduced their stakes in HUBC. Goldman Sachs Group Inc. acquired a new position in Hub Cyber Security in the 1st quarter valued at approximately $65,000. Cresset Asset Management LLC acquired a new stake in shares of Hub Cyber Security during the 3rd quarter worth approximately $133,000. HRT Financial LP acquired a new stake in shares of Hub Cyber Security during the 4th quarter worth approximately $28,000. Finally, Bank of America Corp DE acquired a new stake in shares of Hub Cyber Security during the 2nd quarter worth approximately $266,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

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.