William Horne Purchases 100,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne bought 100,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were bought at an average price of $0.20 per share, for a total transaction of $20,000.00. Following the transaction, the chief executive officer owned 240,000 shares of the company’s stock, valued at approximately $48,000. This represents a 71.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hyperscale Data Price Performance

Hyperscale Data stock opened at $0.20 on Thursday. Hyperscale Data, Inc. has a one year low of $0.17 and a one 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. The business has a fifty day moving average price of $0.67 and a 200-day moving average price of $0.79.

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

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

Hyperscale Data announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 26th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Hyperscale Data

A number of large investors have recently modified their holdings of GPUS. Qube Research & Technologies Ltd purchased a new position in Hyperscale Data during the second quarter valued at approximately $47,000. LPL Financial LLC purchased a new position in shares of Hyperscale Data during the 4th quarter valued at $73,000. Virtu Financial LLC bought a new position in shares of Hyperscale Data in the fourth quarter worth $152,000. State Street Corp purchased a new stake in shares of Hyperscale Data in the fourth quarter worth $335,000. Finally, Geode Capital Management LLC boosted its stake in 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 valued at $639,000 after buying an additional 3,319,363 shares during the period. 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.