Hyperscale Data (NYSEAMERICAN:GPUS) CEO William Horne Buys 200,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne purchased 200,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $0.17 per share, with a total value of $34,000.00. Following the purchase, the chief executive officer directly owned 200,000 shares in the company, valued at $34,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hyperscale Data Stock Performance

Shares of GPUS stock opened at $0.15 on Friday. The firm has a fifty day simple moving average of $0.15 and a two-hundred day simple moving average of $0.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.50 and a current ratio of 0.53. Hyperscale Data, Inc. has a 12 month low of $0.11 and a 12 month high of $4.62.

Hyperscale Data announced that its Board of Directors has approved a share buyback plan on Tuesday, May 26th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Hyperscale Data

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd bought a new stake in Hyperscale Data during the 2nd quarter valued at $47,000. LPL Financial LLC bought a new stake in shares of Hyperscale Data in the 4th quarter worth $73,000. Virtu Financial LLC bought a new stake in shares of Hyperscale Data in the 4th quarter worth $152,000. State Street Corp bought a new position in shares of Hyperscale Data during the 4th quarter worth approximately $335,000. Finally, Geode Capital Management LLC lifted 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 worth $639,000 after buying an additional 3,319,363 shares in the last quarter. Institutional investors own 41.05% of the company’s stock.

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.