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Hub Cyber Security Ltd. (NASDAQ:HUBC – Free Report) shares are going to reverse split on the morning of Monday, June 8th. The 1-20 reverse split was announced on Wednesday, June 3rd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, June 5th.
Hub Cyber Security Stock Down 68.9%
Shares of NASDAQ:HUBC traded down $0.45 during trading on Thursday, reaching $0.20. The company’s stock had a trading volume of 138,076,720 shares, compared to its average volume of 34,559,938. Hub Cyber Security has a 12 month low of $0.10 and a 12 month high of $3,322.50. The firm’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $188.14.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Hub Cyber Security to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Insider Buying and Selling at Hub Cyber Security
In other Hub Cyber Security news, major shareholder Financial Lp Hrt sold 629,415 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $0.72, for a total value of $453,178.80. Following the completion of the transaction, the insider owned 24,478 shares in the company, valued at approximately $17,624.16. This represents a 96.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.70% of the company’s stock.
Institutional Trading of Hub Cyber Security
A number of hedge funds have recently bought and sold shares of HUBC. Goldman Sachs Group Inc. purchased a new position in shares of Hub Cyber Security during the 1st quarter worth approximately $65,000. Bank of America Corp DE acquired a new stake in shares of Hub Cyber Security in the 2nd quarter valued at $266,000. Cresset Asset Management LLC acquired a new stake in shares of Hub Cyber Security in the 3rd quarter valued at $133,000. Finally, HRT Financial LP acquired a new stake in shares of Hub Cyber Security in the 4th quarter valued at $28,000. 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.
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