Hyperscale Data (NYSEAMERICAN:GPUS) CEO William Horne Acquires 5,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average cost of $19.00 per share, for a total transaction of $95,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,000 shares in the company, valued at $95,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hyperscale Data Trading Up 8.7%

GPUS stock opened at $0.15 on Thursday. Hyperscale Data, Inc. has a 1-year low of $0.11 and a 1-year high of $1.50. The business has a fifty day moving average price of $0.18 and a 200-day moving average price of $0.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.50 and a current ratio of 0.53.

Hyperscale Data declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 26th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Hyperscale Data

A number of hedge funds have recently modified their holdings of GPUS. Virtu Financial LLC bought a new stake in Hyperscale Data during the fourth quarter valued at about $152,000. State Street Corp purchased a new stake in shares of Hyperscale Data in the fourth quarter worth about $335,000. LPL Financial LLC bought a new position in Hyperscale Data during the fourth quarter valued at approximately $73,000. Geode Capital Management LLC boosted 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 during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Hyperscale Data during the 2nd quarter valued at approximately $47,000. 41.05% of the stock is currently 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.