Hyperscale Data (NYSEAMERICAN:GPUS) CEO Buys $11,400.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne bought 60,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average price of $0.19 per share, with a total value of $11,400.00. Following the completion of the purchase, the chief executive officer directly owned 300,000 shares in the company, valued at $57,000. This represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hyperscale Data Trading Down 7.1%

NYSEAMERICAN:GPUS opened at $0.19 on Friday. Hyperscale Data, Inc. has a twelve month low of $0.17 and a twelve month high of $3.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. The company’s 50 day moving average is $0.66 and its two-hundred day moving average is $0.78.

Hyperscale Data shares are going to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The company had revenue of $34.84 million during the quarter.

Hyperscale Data declared that its board has initiated a stock repurchase plan on Tuesday, May 26th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Hyperscale Data

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPUS. Qube Research & Technologies Ltd purchased a new stake in Hyperscale Data during the 2nd quarter valued at about $47,000. LPL Financial LLC acquired a new position in shares of Hyperscale Data in the fourth quarter valued at about $73,000. Virtu Financial LLC acquired a new position in shares of Hyperscale Data in the fourth quarter valued at about $152,000. State Street Corp purchased a new position in shares of Hyperscale Data in the fourth quarter worth about $335,000. Finally, Geode Capital Management LLC raised its stake in shares of Hyperscale Data by 2,029.5% in the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock worth $639,000 after purchasing an additional 3,319,363 shares during the last quarter. Institutional investors and hedge funds own 41.05% of the company’s stock.

Hyperscale Data Company Profile

Hyperscale Data, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts.