Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Acquires $45,000.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III purchased 150,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was bought at an average cost of $0.30 per share, for a total transaction of $45,000.00. Following the acquisition, the chairman directly owned 700,001 shares in the company, valued at approximately $210,000.30. The trade was a 27.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Hyperscale Data Stock Performance

Shares of Hyperscale Data stock traded down $0.03 on Monday, hitting $0.28. 22,778,482 shares of the company traded hands, compared to its average volume of 8,297,058. Hyperscale Data, Inc. has a 12-month low of $0.26 and a 12-month 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 50-day simple moving average is $0.76 and its 200 day simple moving average is $0.83.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. The company 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 announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 26th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Hyperscale Data

Several institutional investors have recently modified their holdings of GPUS. Qube Research & Technologies Ltd purchased a new position in shares of Hyperscale Data during the 2nd quarter valued at about $47,000. LPL Financial LLC purchased a new stake in Hyperscale Data in the fourth quarter worth approximately $73,000. Virtu Financial LLC bought a new position in Hyperscale Data during the fourth quarter valued at approximately $152,000. State Street Corp bought a new position in Hyperscale Data during the fourth quarter valued at approximately $335,000. Finally, Geode Capital Management LLC raised its stake in shares of 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 worth $639,000 after acquiring an additional 3,319,363 shares in the last quarter. 41.05% of the stock is currently owned by 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.