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

Hyperscale Data, Inc. (NYSEAMERICAN:GPUSGet Free Report) CEO William Horne purchased 100,000 shares of Hyperscale Data stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average cost of $0.20 per share, with a total value of $20,000.00. Following the completion of the transaction, the chief executive officer owned 140,000 shares in the company, valued at approximately $28,000. This represents a 250.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Hyperscale Data Trading Down 3.0%

Shares of GPUS stock opened at $0.19 on Friday. The stock’s 50-day moving average is $0.70 and its 200 day moving average is $0.80. Hyperscale Data, Inc. has a 1-year low of $0.17 and a 1-year high of $3.65. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29.

Hyperscale Data (NYSEAMERICAN:GPUSGet Free Report) last announced its earnings results on Wednesday, August 19th. The company reported ($0.25) EPS for the quarter. The firm 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 has approved a share buyback plan 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 plans are usually a sign that the company’s leadership believes its stock is undervalued.

More Hyperscale Data News

Here are the key news stories impacting Hyperscale Data this week:

  • Positive Sentiment: Hyperscale Data reported approximately $53 million in cash, restricted cash, and Bitcoin as of September 3. Management said this amount represents nearly 200% of the company’s recent market capitalization, potentially supporting the view that GPUS is undervalued relative to its liquid assets. Cash, Restricted Cash and Bitcoin Announcement
  • Positive Sentiment: The company reported approximately $110 million in stockholders’ equity and estimated net book value of about $0.95 per share as of June 30, compared with the stock’s recent trading level. Gross asset value was estimated at approximately $3.10 per share before liabilities. Net Book Value Announcement
  • Positive Sentiment: CEO William Horne purchased 100,000 GPUS shares at an average price of $0.20, increasing his direct holdings by 250%. Insider buying can provide a modest confidence signal while the stock trades near its lows. CEO Share Purchase
  • Neutral Sentiment: Hyperscale Data plans to distribute 20 million Class B common shares as a special one-time dividend to common and preferred stockholders on an as-converted basis. The distribution may reward existing holders, but its market impact depends on the shares’ rights, trading characteristics, and effect on the company’s overall share structure. Special Class B Share Dividend
  • Negative Sentiment: The company’s pivot away from Bitcoin mining toward AI data centers has pressured sentiment because the approximately $1.2 billion master services agreement, potentially expandable to $3 billion, remains an expected opportunity rather than realized revenue. Recent results also showed a $0.25 per-share loss, a negative 71.03% net margin, and liquidity ratios below 1.0. AI Infrastructure Pivot

Institutional Trading of Hyperscale Data

A number of institutional investors have recently made changes to their positions in GPUS. Qube Research & Technologies Ltd purchased a new position in Hyperscale Data during the 2nd quarter worth $47,000. LPL Financial LLC acquired a new stake in Hyperscale Data in the 4th quarter worth approximately $73,000. Virtu Financial LLC purchased a new stake in Hyperscale Data during the 4th quarter worth approximately $152,000. State Street Corp acquired a new position in Hyperscale Data during the 4th quarter valued at approximately $335,000. Finally, Geode Capital Management LLC increased its position in shares of 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 valued at $639,000 after acquiring an additional 3,319,363 shares during the period. Institutional investors and hedge funds own 41.05% of the company’s stock.

Hyperscale Data Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Hyperscale Data (NYSEAMERICAN:GPUS)

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