Milton Ault III Buys 150,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUSGet Free Report) Chairman Milton Ault III purchased 150,000 shares of the stock in a transaction dated Friday, August 28th. The stock was purchased at an average cost of $0.30 per share, for a total transaction of $45,000.00. Following the completion of the acquisition, the chairman owned 700,001 shares of the company’s stock, valued at approximately $210,000.30. This represents a 27.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hyperscale Data Price Performance

Shares of GPUS stock traded down $0.03 during trading hours on Monday, reaching $0.28. The stock had a trading volume of 22,778,482 shares, compared to its average volume of 8,297,058. The stock’s fifty day simple moving average is $0.76 and its 200 day simple moving average is $0.83. Hyperscale Data, Inc. has a 12 month low of $0.26 and a 12 month high of $3.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54.

Hyperscale Data (NYSEAMERICAN:GPUSGet Free Report) last posted its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The firm had revenue of $34.84 million for the quarter.

Hyperscale Data announced that its Board of Directors has initiated a share buyback program 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Hyperscale Data

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd purchased a new stake in shares of Hyperscale Data in the 2nd quarter valued at about $47,000. LPL Financial LLC purchased a new position in shares of Hyperscale Data during the fourth quarter worth about $73,000. Virtu Financial LLC purchased a new position in shares of Hyperscale Data during the fourth quarter worth about $152,000. State Street Corp bought a new position in shares of Hyperscale Data in the fourth quarter worth approximately $335,000. Finally, Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 3,319,363 shares during the last quarter. 41.05% of the stock is currently owned by hedge funds and other institutional investors.

Hyperscale Data Company Profile

(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.

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

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