Hyperscale Data (NYSEAMERICAN:GPUS) CEO Purchases $95,000.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUSGet Free Report) CEO William Horne purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average price of $19.00 per share, with a total value of $95,000.00. Following the purchase, the chief executive officer directly owned 5,000 shares of the company’s stock, valued at $95,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyperscale Data Trading Up 8.7%

Shares of NYSEAMERICAN:GPUS traded up $0.01 during trading hours on Wednesday, reaching $0.15. The stock had a trading volume of 114,562,319 shares, compared to its average volume of 71,826,336. Hyperscale Data, Inc. has a 1 year low of $0.11 and a 1 year high of $1.50. The firm’s 50 day moving average is $0.18 and its 200-day moving average is $0.20. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14.

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

Institutional Trading of Hyperscale Data

A number of institutional investors have recently bought and sold shares of GPUS. Geode Capital Management LLC increased its holdings in shares of 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 valued at $639,000 after acquiring an additional 3,319,363 shares during the last quarter. State Street Corp purchased a new stake in Hyperscale Data during the fourth quarter worth approximately $335,000. Virtu Financial LLC acquired a new position in Hyperscale Data in the fourth quarter valued at approximately $152,000. LPL Financial LLC acquired a new position in Hyperscale Data in the fourth quarter valued at approximately $73,000. Finally, Qube Research & Technologies Ltd purchased a new position in Hyperscale Data in the second quarter valued at approximately $47,000. 41.05% of the stock is owned by hedge funds and other institutional investors.

About Hyperscale Data

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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.

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Insider Buying and Selling by Quarter for Hyperscale Data (NYSEAMERICAN:GPUS)

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