Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) General Counsel Purchases $47,500.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) General Counsel Henry Carl Nisser bought 250,000 shares of the stock in a transaction on Friday, September 4th. The shares were bought at an average price of $0.19 per share, for a total transaction of $47,500.00. Following the purchase, the general counsel directly owned 250,000 shares in the company, valued at approximately $47,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hyperscale Data Price Performance

Shares of GPUS stock opened at $0.19 on Friday. 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 company has a 50 day moving average price of $0.66 and a 200-day moving average price of $0.78. Hyperscale Data, Inc. has a 52 week low of $0.17 and a 52 week high of $3.65.

Hyperscale Data’s stock is set to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last issued its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $34.84 million during 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 has approved a share repurchase plan on Tuesday, May 26th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new stake in shares of Hyperscale Data during the 2nd quarter valued at about $47,000. LPL Financial LLC bought a new position in shares of Hyperscale Data in the 4th quarter worth approximately $73,000. Virtu Financial LLC purchased a new position in shares of Hyperscale Data in the fourth quarter worth approximately $152,000. State Street Corp purchased a new position in shares of Hyperscale Data in the fourth quarter worth approximately $335,000. Finally, Geode Capital Management LLC grew its position 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 during the period. 41.05% of the stock is owned by hedge funds and other institutional investors.

About Hyperscale Data

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.