HUB Cyber Security (NASDAQ:HUBC) Shares to Reverse Split on Monday, March 31st

HUB Cyber Security Ltd. (NASDAQ:HUBC) shares are going to reverse split before the market opens on Monday, March 31st. The 1-10 reverse split was announced on Thursday, March 27th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 28th.

HUB Cyber Security Price Performance

NASDAQ:HUBC traded down $0.09 during trading hours on Thursday, hitting $0.41. 3,205,160 shares of the stock traded hands, compared to its average volume of 2,402,839. HUB Cyber Security has a 1 year low of $0.37 and a 1 year high of $2.17. The stock has a 50 day moving average price of $0.71 and a 200 day moving average price of $0.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in HUB Cyber Security by 42.1% during the fourth quarter. Geode Capital Management LLC now owns 37,399 shares of the company’s stock valued at $26,000 after acquiring an additional 11,080 shares during the period. XTX Topco Ltd purchased a new stake in shares of HUB Cyber Security during the third quarter worth about $29,000. Private Advisor Group LLC purchased a new stake in shares of HUB Cyber Security during the fourth quarter worth about $37,000. Finally, Cantor Fitzgerald L. P. lifted its holdings in HUB Cyber Security by 111.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 1,405,007 shares of the company’s stock worth $969,000 after purchasing an additional 739,864 shares in the last quarter. Hedge funds and other 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.