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

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne bought 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average cost of $0.19 per share, for a total transaction of $11,400.00. Following the acquisition, the chief executive officer directly owned 300,000 shares in the company, valued at $57,000. This trade represents a 25.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Hyperscale Data Price Performance

Shares of NYSEAMERICAN:GPUS opened at $0.20 on Thursday. The firm has a fifty day moving average price of $0.67 and a two-hundred day moving average price of $0.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. Hyperscale Data, Inc. has a one year low of $0.17 and a one year high of $3.65.

Hyperscale Data shares are going to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business 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 declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 26th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Hyperscale Data

A number of large investors have recently modified their holdings of the business. Qube Research & Technologies Ltd purchased a new position in shares of Hyperscale Data during the second quarter worth about $47,000. LPL Financial LLC bought a new stake in Hyperscale Data during the fourth quarter valued at approximately $73,000. Virtu Financial LLC bought a new stake in Hyperscale Data during the fourth quarter valued at approximately $152,000. State Street Corp purchased a new position in Hyperscale Data in the 4th quarter worth approximately $335,000. Finally, Geode Capital Management LLC grew its stake in Hyperscale Data by 2,029.5% in 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 in the last quarter. Institutional investors own 41.05% of the company’s stock.

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.