Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Acquires 50,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III bought 50,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of $0.24 per share, for a total transaction of $12,000.00. Following the completion of the acquisition, the chairman owned 2,750,005 shares in the company, valued at approximately $660,001.20. The trade was a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hyperscale Data Stock Performance

Shares of Hyperscale Data stock traded up $0.14 on Wednesday, hitting $0.40. 555,934,275 shares of the company were exchanged, compared to its average volume of 55,878,949. The company has a 50-day moving average price of $0.16 and a 200 day moving average price of $0.20. Hyperscale Data, Inc. has a 1-year low of $0.11 and a 1-year high of $2.23. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14.

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

Hedge Funds Weigh In On Hyperscale Data

Institutional investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in Hyperscale Data during the second quarter worth about $47,000. LPL Financial LLC purchased a new stake in shares of Hyperscale Data during the 4th quarter valued at approximately $73,000. Virtu Financial LLC purchased a new stake in shares of Hyperscale Data during the 4th quarter valued at approximately $152,000. State Street Corp purchased a new stake in shares of Hyperscale Data during the 4th quarter valued at approximately $335,000. Finally, Geode Capital Management LLC raised its position 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 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.