Hyperscale Data (NYSEAMERICAN:GPUS) CEO Acquires $20,000.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of $0.20 per share, with a total value of $20,000.00. Following the completion of the purchase, the chief executive officer owned 240,000 shares in the company, valued at approximately $48,000. This trade represents a 71.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hyperscale Data Trading Down 7.1%

GPUS stock opened at $0.19 on Friday. Hyperscale Data, Inc. has a one year low of $0.17 and a one year high of $3.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57. The firm’s fifty day moving average is $0.66 and its 200 day moving average is $0.78.

Shares of Hyperscale Data are scheduled to split on the morning of Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be issued 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 (EPS) for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The firm had revenue of $34.84 million for the quarter.

Hyperscale Data declared that its board has authorized a share repurchase program 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 programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Hyperscale Data

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of Hyperscale Data by 2,029.5% during the 4th 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. State Street Corp purchased a new stake in Hyperscale Data in the 4th quarter worth $335,000. Virtu Financial LLC acquired a new position in Hyperscale Data during the fourth quarter worth $152,000. LPL Financial LLC purchased a new position in Hyperscale Data during the fourth quarter valued at $73,000. Finally, Qube Research & Technologies Ltd purchased a new position in Hyperscale Data during the second quarter valued at $47,000. 41.05% of the stock is currently 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.