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

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne bought 60,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of $0.19 per share, for a total transaction of $11,400.00. Following the completion of the purchase, the chief executive officer owned 300,000 shares of the company’s stock, valued at approximately $57,000. The trade was a 25.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Hyperscale Data Trading Up 1.3%

Shares of NYSEAMERICAN:GPUS traded up $0.00 on Tuesday, hitting $0.19. 41,651,527 shares of the company traded hands, compared to its average volume of 15,162,780. The stock has a 50 day simple moving average of $0.69 and a 200-day simple moving average of $0.80. 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 52 week low of $0.17 and a 52 week high of $3.65.

Hyperscale Data’s stock is set to split on the morning of Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The firm had revenue of $34.84 million for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%.

Hyperscale Data announced that its Board of Directors has authorized a stock 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 shares are undervalued.

Institutional Trading of Hyperscale Data

Several institutional investors have recently added to or reduced their stakes in GPUS. Qube Research & Technologies Ltd purchased a new position in shares of Hyperscale Data in the second quarter worth $47,000. LPL Financial LLC purchased a new stake in shares of Hyperscale Data during the fourth quarter valued at $73,000. Virtu Financial LLC bought a new stake in Hyperscale Data in the 4th quarter worth about $152,000. State Street Corp bought a new stake in Hyperscale Data in the 4th quarter worth about $335,000. Finally, Geode Capital Management LLC raised its position 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 during the last quarter. 41.05% of the stock is currently owned by hedge funds and other institutional investors.

Hyperscale Data Company Profile

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.