Hub Cyber Security (NASDAQ:HUBC) Stock Price Up 8.1% – What’s Next?

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares were up 8.1% on Friday . The company traded as high as $1.04 and last traded at $1.00. Approximately 281,398 shares changed hands during trading, a decline of 29% from the average daily volume of 396,562 shares. The stock had previously closed at $0.9250.

Analysts Set New Price Targets

HUBC has been the subject of several analyst reports. Wall Street Zen upgraded Hub Cyber Security from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hub Cyber Security Trading Up 8.1%

The stock’s 50 day moving average is $1.64 and its 200 day moving average is $2.24.

Institutional Trading of Hub Cyber Security

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in Hub Cyber Security in the second quarter worth about $266,000. Cresset Asset Management LLC acquired a new position in shares of Hub Cyber Security in the 3rd quarter worth approximately $133,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Hub Cyber Security in the 1st quarter worth approximately $65,000. Institutional investors 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.