Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) General Counsel Henry Carl Nisser purchased 250,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were bought at an average price of $0.19 per share, for a total transaction of $47,500.00. Following the completion of the transaction, the general counsel owned 250,000 shares of the company’s stock, valued at approximately $47,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Hyperscale Data Stock Performance
Shares of NYSEAMERICAN:GPUS opened at $0.19 on Wednesday. The company has a 50 day moving average of $0.68 and a 200 day moving average of $0.79. Hyperscale Data, Inc. has a 12 month low of $0.17 and a 12 month high of $3.65. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29.
Shares of Hyperscale Data are scheduled to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Monday, September 14th.
Hyperscale Data announced that its board has authorized a share buyback program on Tuesday, May 26th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Institutional Investors Weigh In On Hyperscale Data
A number of hedge funds have recently made changes to their positions in GPUS. Qube Research & Technologies Ltd bought a new position in shares of Hyperscale Data during the 2nd quarter valued at $47,000. LPL Financial LLC purchased a new position in shares of Hyperscale Data in the fourth quarter worth about $73,000. Virtu Financial LLC purchased a new stake in Hyperscale Data during the 4th quarter valued at about $152,000. State Street Corp bought a new position in Hyperscale Data during the 4th quarter worth approximately $335,000. Finally, Geode Capital Management LLC increased its stake in 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 during the period. 41.05% of the stock is currently owned by institutional investors.
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.
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