Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) CEO Buys $95,000.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne bought 5,000 shares of Hyperscale Data stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average price of $19.00 per share, with a total value of $95,000.00. Following the completion of the acquisition, the chief executive officer directly owned 5,000 shares of the company’s stock, valued at $95,000. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hyperscale Data Stock Performance

Shares of NYSEAMERICAN:GPUS opened at $0.14 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $0.18 and a 200-day moving average of $0.19. Hyperscale Data, Inc. has a one year low of $0.11 and a one year high of $1.50.

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

Hedge Funds Weigh In On Hyperscale Data

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Hyperscale Data in the 4th quarter worth about $152,000. State Street Corp acquired a new stake in Hyperscale Data during the 4th quarter worth about $335,000. LPL Financial LLC acquired a new stake in Hyperscale Data during the 4th quarter worth about $73,000. Geode Capital Management LLC lifted its stake in 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 buying an additional 3,319,363 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in Hyperscale Data during the second quarter valued at about $47,000. 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.