HUBC Stock Has Soared Over 350% Today — New Ownership Filings May Be the Catalyst

• Andre Wang, an investor, disclosed a 15.6% stake in HUB Cyber Security through an amended Schedule 13G/A filing.
• The filing follows two other ownership disclosures submitted earlier this week.
• Tyler Kent White reported the largest stake at 35.1%, while Jon Matthew Walden disclosed a 9.9% ownership position.

Hub Cyber Security Ltd (HUBC) shares surged more than 350% during Friday's trading session.

The most visible catalyst behind the sharp rally appears to be a series of large ownership disclosures, including an amended Schedule 13G/A filing that revealed a significant double-digit beneficial ownership stake in the company.

At the time of writing, HUBC stock was up 351%, as investors reacted to the newly disclosed ownership positions.

Recent Filings Reveal Significant Ownership Positions In HUBC

One of the investors, California-based Andre Wang, disclosed a significant stake in Hub Cyber Security. Wang filed an amended disclosure with the US Securities and Exchange Commission (SEC), revealing beneficial ownership of 200,000 ordinary shares, equivalent to a 15.6% stake in the company. The filing stated that Wang has sole voting and dispositive power over the shares.

HUBC Sees More New Ownership Filings

Wang's disclosure follows two similar filings submitted on Wednesday.

Tyler Kent White of Chandler, Arizona, reported the largest stake, holding 450,000 shares, representing a 35.1% ownership position in Hub Cyber Security. Jon Matthew Walden of Phoenix, Arizona, disclosed ownership of 128,022 shares, equal to a 9.9% stake.

All three investors filed under Schedule 13G, certifying that their holdings were acquired for investment purposes and not with the intention of influencing or controlling the company.

HUBC Stock: What Retail Sentiment Says

Sentiment around HUBC on Stocktwits improved to “extremely bullish” on Friday from “bullish” the previous day. Message volume, too, was “extremely high,” surging nearly 1830% over the past seven days and more than 3500% in the last 30 days.

One bullish investor said the HUBC stock could reach “$20 today” because the stock has a very small public float.

At the time of writing, the HUBC stock was trading at $0.54.

The company has a market capitalization of $141,000. Despite Friday's rally, HUBC remains an extremely volatile stock, with its shares trading between $0.09 and $3,322.50 over the past 52 weeks.

HUBC stock has been down nearly 100% in the past 12 months.

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