Hyperscale Data (NYSEAMERICAN:GPUS) CEO William Horne Purchases 60,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne purchased 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average cost of $0.19 per share, for a total transaction of $11,400.00. Following the transaction, the chief executive officer owned 300,000 shares in the company, valued at $57,000. This represents a 25.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hyperscale Data Trading Up 1.3%

GPUS stock opened at $0.19 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $0.68 and a two-hundred day simple moving average of $0.79. Hyperscale Data, Inc. has a 52-week low of $0.17 and a 52-week high of $3.65.

Hyperscale Data’s stock is scheduled to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell 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 company had revenue of $34.84 million during the quarter.

Hyperscale Data announced that its board has initiated a stock buyback program on Tuesday, May 26th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Hyperscale Data

A number of institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new position in shares of Hyperscale Data during the 2nd quarter worth approximately $47,000. LPL Financial LLC bought a new position in shares of Hyperscale Data in the fourth quarter valued at approximately $73,000. Virtu Financial LLC purchased a new stake in shares of Hyperscale Data during the fourth quarter valued at approximately $152,000. State Street Corp purchased a new stake in shares of Hyperscale Data during the fourth quarter valued at approximately $335,000. Finally, Geode Capital Management LLC lifted its holdings 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 worth $639,000 after acquiring an additional 3,319,363 shares during the period. 41.05% of the stock is owned by institutional investors.

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.