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

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne bought 5,000 shares of Hyperscale Data stock in a transaction dated Monday, June 29th. The stock was purchased at an average cost of $19.00 per share, with a total value of $95,000.00. Following the completion of the acquisition, the chief executive officer directly owned 5,000 shares in the company, valued at approximately $95,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Hyperscale Data Stock Up 8.7%

NYSEAMERICAN:GPUS traded up $0.01 during mid-day trading on Wednesday, reaching $0.15. 114,562,319 shares of the stock were exchanged, compared to its average volume of 71,826,336. Hyperscale Data, Inc. has a 1 year low of $0.11 and a 1 year high of $1.50. The company has a 50 day simple moving average of $0.18 and a 200-day simple moving average of $0.20. 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 initiated a share repurchase program on Tuesday, May 26th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Hyperscale Data

Large investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new stake in Hyperscale Data during the 2nd quarter worth $47,000. Geode Capital Management LLC increased its stake in Hyperscale Data by 2,029.5% in the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after purchasing an additional 3,319,363 shares during the period. LPL Financial LLC purchased a new stake in shares of Hyperscale Data in the fourth quarter valued at about $73,000. State Street Corp purchased a new stake in shares of Hyperscale Data in the fourth quarter valued at about $335,000. Finally, Virtu Financial LLC acquired a new stake in shares of Hyperscale Data during the fourth quarter worth about $152,000. Institutional investors and hedge funds 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.