Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) CEO Buys $11,400.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUSGet Free Report) CEO William Horne acquired 60,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of $0.19 per share, for a total transaction of $11,400.00. Following the completion of the transaction, the chief executive officer owned 300,000 shares in the company, valued at approximately $57,000. This represents a 25.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hyperscale Data Stock Performance

Shares of NYSEAMERICAN:GPUS traded up $0.00 during trading on Tuesday, hitting $0.19. The stock had a trading volume of 41,651,527 shares, compared to its average volume of 15,162,780. Hyperscale Data, Inc. has a 12 month low of $0.17 and a 12 month high of $3.65. The firm’s fifty day moving average is $0.69 and its 200 day moving average is $0.80. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29.

Hyperscale Data shares are set to split before the market opens on 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:GPUSGet Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The firm had revenue of $34.84 million for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Qube Research & Technologies Ltd purchased a new position in Hyperscale Data during the 2nd quarter valued at about $47,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the fourth quarter valued at approximately $73,000. Virtu Financial LLC bought a new position in shares of Hyperscale Data during the fourth quarter valued at approximately $152,000. State Street Corp purchased a new position in shares of Hyperscale Data during the fourth quarter valued at approximately $335,000. Finally, Geode Capital Management LLC boosted its position 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 worth $639,000 after purchasing an additional 3,319,363 shares in the last quarter. 41.05% of the stock is currently owned by institutional investors.

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.

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

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