Hyperscale Data (NYSEAMERICAN:GPUS – Get Free Report) released its earnings results on Wednesday. The company reported ($0.05) earnings per share for the quarter, FiscalAI reports. Hyperscale Data had a negative net margin of 76.04% and a negative return on equity of 124.90%. The company had revenue of $34.84 million for the quarter.
Hyperscale Data Trading Down 3.8%
GPUS opened at $0.09 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.14. Hyperscale Data has a twelve month low of $0.09 and a twelve month high of $0.73. The company has a 50-day simple moving average of $0.16 and a 200 day simple moving average of $0.16.
Shares of Hyperscale Data are going to reverse split on the morning of Tuesday, August 25th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 24th.
Insider Activity at Hyperscale Data
In other news, CEO William B. Horne bought 200,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $0.17 per share, for a total transaction of $34,000.00. Following the transaction, the chief executive officer owned 200,000 shares of the company’s stock, valued at $34,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have purchased 433,200 shares of company stock valued at $176,331. 40.09% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in GPUS. Geode Capital Management LLC raised its stake in Hyperscale Data by 2,029.5% during the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock worth $639,000 after acquiring an additional 3,319,363 shares in the last quarter. State Street Corp acquired a new stake in shares of Hyperscale Data during the fourth quarter valued at about $335,000. Virtu Financial LLC bought a new stake in shares of Hyperscale Data during the fourth quarter worth about $152,000. LPL Financial LLC acquired a new position in shares of Hyperscale Data in the fourth quarter valued at approximately $73,000. Finally, Qube Research & Technologies Ltd bought a new position in Hyperscale Data in the 2nd quarter valued at approximately $47,000. 41.05% of the stock is 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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