Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Purchases 50,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) Chairman Milton Ault III bought 50,000 shares of Hyperscale Data stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $0.24 per share, with a total value of $12,000.00. Following the acquisition, the chairman directly owned 2,750,005 shares of the company’s stock, valued at approximately $660,001.20. The trade was a 1.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyperscale Data Stock Performance

Shares of Hyperscale Data stock traded up $0.14 during mid-day trading on Wednesday, reaching $0.40. 555,934,275 shares of the stock traded hands, compared to its average volume of 55,878,949. The business has a 50-day moving average of $0.16 and a 200 day moving average of $0.20. Hyperscale Data, Inc. has a fifty-two week low of $0.11 and a fifty-two week high of $2.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.53 and a quick ratio of 0.50.

Get Hyperscale Data alerts:

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

Hedge Funds Weigh In On Hyperscale Data

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

About Hyperscale Data

(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.

Featured Articles

• Five stocks we like better than Hyperscale Data
• Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
• CoreWeave Insider Sales Look Big, But Should Investors Worry?
• Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
• Meta and Cloud Computing: Real Potential, or a Shot in the Dark?

Receive News & Ratings for Hyperscale Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyperscale Data and related companies with MarketBeat.com's FREE daily email newsletter.