Hyperscale Data (NYSEAMERICAN:GPUS) CFO Purchases $19,000.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CFO Kenneth Cragun acquired 100,000 shares of the stock in a transaction on Friday, September 4th. The shares were bought at an average cost of $0.19 per share, for a total transaction of $19,000.00. Following the purchase, the chief financial officer directly owned 100,000 shares of the company’s stock, valued at $19,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Hyperscale Data Price Performance

Shares of NYSEAMERICAN:GPUS opened at $0.19 on Friday. Hyperscale Data, Inc. has a 52-week low of $0.17 and a 52-week high of $3.65. The business has a fifty day moving average of $0.66 and a two-hundred day moving average of $0.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57.

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

Hyperscale Data (NYSEAMERICAN:GPUS) last announced 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 net margin of 71.03% and a negative return on equity of 97.52%. The firm had revenue of $34.84 million during the quarter.

Hyperscale Data declared that its Board of Directors has approved a share repurchase program on Tuesday, May 26th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Hyperscale Data

Several hedge funds have recently made changes to their positions in GPUS. Virtu Financial LLC acquired a new stake in shares of Hyperscale Data during the 4th quarter worth approximately $152,000. State Street Corp acquired a new position in Hyperscale Data in the fourth quarter valued at approximately $335,000. Geode Capital Management LLC grew its position in Hyperscale Data by 2,029.5% in 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 during the period. LPL Financial LLC purchased a new position in Hyperscale Data in the fourth quarter worth approximately $73,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Hyperscale Data during the second quarter worth $47,000. Hedge funds and other institutional investors own 41.05% of the company’s stock.

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.