Hyperscale Data (NYSEAMERICAN:GPUS) CFO Kenneth Cragun Acquires 100,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CFO Kenneth Cragun acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were purchased at an average cost of $0.19 per share, for a total transaction of $19,000.00. Following the completion of the acquisition, the chief financial officer owned 100,000 shares in the company, valued at $19,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hyperscale Data Trading Up 1.3%

NYSEAMERICAN:GPUS opened at $0.19 on Wednesday. The business has a 50 day moving average of $0.68 and a 200 day moving average of $0.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57. Hyperscale Data, Inc. has a 1-year low of $0.17 and a 1-year high of $3.65.

Hyperscale Data shares are set to split before the market opens 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 quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) EPS for the quarter. The business had revenue of $34.84 million for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.

Hyperscale Data announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 26th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the company to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Hyperscale Data

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Hyperscale Data in the fourth quarter worth $152,000. State Street Corp purchased a new position in shares of Hyperscale Data in the fourth quarter worth about $335,000. Geode Capital Management LLC increased its holdings 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 buying an additional 3,319,363 shares during the period. LPL Financial LLC bought a new stake in shares of Hyperscale Data in the 4th quarter valued at about $73,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Hyperscale Data in the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors 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.