William Horne Purchases 200,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne purchased 200,000 shares of Hyperscale Data stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $0.17 per share, with a total value of $34,000.00. Following the completion of the acquisition, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at approximately $34,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hyperscale Data Stock Down 8.0%

NYSEAMERICAN:GPUS opened at $0.15 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.50 and a current ratio of 0.53. The firm has a fifty day simple moving average of $0.15 and a two-hundred day simple moving average of $0.20. Hyperscale Data, Inc. has a 12 month low of $0.11 and a 12 month high of $4.62.

Hyperscale Data announced that its board has approved a share repurchase program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Hyperscale Data

A number of large investors have recently bought and sold shares of GPUS. Qube Research & Technologies Ltd acquired a new stake in Hyperscale Data in the second quarter worth $47,000. Geode Capital Management LLC grew its holdings in 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 period. LPL Financial LLC acquired a new stake in Hyperscale Data in the fourth quarter worth $73,000. State Street Corp acquired a new stake in Hyperscale Data in the fourth quarter worth $335,000. Finally, Virtu Financial LLC acquired a new stake in Hyperscale Data in the fourth quarter worth $152,000. 41.05% of the stock is currently 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.