Hyperscale Data (NYSEAMERICAN:GPUS) CEO William Horne Acquires 100,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne purchased 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average price of $0.20 per share, for a total transaction of $20,000.00. Following the acquisition, the chief executive officer directly owned 240,000 shares of the company’s stock, valued at $48,000. This trade represents a 71.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Hyperscale Data Price Performance

GPUS stock traded up $0.00 during midday trading on Tuesday, reaching $0.19. 41,651,527 shares of the company’s stock traded hands, compared to its average volume of 15,162,780. Hyperscale Data, Inc. has a fifty-two week low of $0.17 and a fifty-two week high of $3.65. The business has a 50-day moving average price of $0.69 and a two-hundred day moving average price of $0.80. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29.

Shares of Hyperscale Data are scheduled to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Monday, September 14th.

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

Hyperscale Data announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Hyperscale Data

Several hedge funds and other institutional investors have recently bought and sold shares of GPUS. Qube Research & Technologies Ltd purchased a new stake in shares of Hyperscale Data during the second quarter valued at approximately $47,000. LPL Financial LLC purchased a new stake in Hyperscale Data during the 4th quarter worth $73,000. Virtu Financial LLC acquired a new position in Hyperscale Data in the 4th quarter worth $152,000. State Street Corp purchased a new position in Hyperscale Data in the 4th quarter valued at about $335,000. Finally, Geode Capital Management LLC grew its stake in shares of Hyperscale Data by 2,029.5% during the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after acquiring an additional 3,319,363 shares in the last quarter. 41.05% of the stock is owned by institutional investors and hedge funds.

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.