Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) Chairman Milton Ault III purchased 89,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $0.27 per share, for a total transaction of $24,030.00. Following the transaction, the chairman owned 294,501 shares in the company, valued at $79,515.27. This represents a 43.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Hyperscale Data Stock Down 14.6%
Shares of GPUS opened at $0.24 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. The stock has a 50 day moving average price of $0.74 and a two-hundred day moving average price of $0.82. Hyperscale Data, Inc. has a 52 week low of $0.23 and a 52 week high of $3.65.
Hyperscale Data (NYSEAMERICAN:GPUS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) EPS for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The company had revenue of $34.84 million during the quarter.
Hedge Funds Weigh In On Hyperscale Data
A number of hedge funds have recently bought and sold shares of GPUS. Qube Research & Technologies Ltd bought a new stake in shares of Hyperscale Data in the 2nd quarter worth $47,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the fourth quarter valued at about $73,000. Virtu Financial LLC bought a new position in shares of Hyperscale Data during the fourth quarter valued at about $152,000. State Street Corp purchased a new position in Hyperscale Data during the fourth quarter worth about $335,000. Finally, Geode Capital Management LLC boosted its holdings 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 purchasing an additional 3,319,363 shares during the last quarter. 41.05% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Hyperscale Data
Here are the key news stories impacting Hyperscale Data this week:
- Positive Sentiment: Blockchain revenue growth improved operating results. Hyperscale Data said second-quarter “other revenue,” consisting largely of blockchain-related revenue, increased 647%. The higher-margin business helped quarterly gross profit rise 44%; first-half revenue increased 55% and gross profit climbed 109%, supporting the company’s strategy of commercializing blockchain software. Hyperscale Data Highlights Blockchain Software Revenue Growth
- Positive Sentiment: Chairman Milton Ault III made several insider purchases. The most recent purchase involved 89,000 shares at approximately $0.27 each, increasing his reported ownership by 43.31%. Additional purchases were reported at prices between $0.30 and $0.34, signaling management confidence and potentially providing some support for the stock. Hyperscale Data Chairman Acquires 89,000 Shares
- Neutral Sentiment: The company continues to hold a sizable Bitcoin treasury. Hyperscale Data reported 214.9701 Bitcoin worth approximately $16.7 million at August 30 prices. The treasury offers exposure to Bitcoin appreciation, but also leaves results and investor sentiment sensitive to cryptocurrency price swings. Hyperscale Data Bitcoin Treasury Update
- Negative Sentiment: Bitcoin sales reduced the treasury. The company sold approximately 65 Bitcoin for about $5.1 million during the week ended August 30. While the proceeds may improve liquidity, the transaction reduces future Bitcoin upside and could raise concerns that the company is monetizing assets to fund operations.
- Negative Sentiment: Profitability and balance-sheet metrics remain weak. Hyperscale Data previously reported a quarterly loss of $0.25 per share, a negative net margin and a current ratio below 1. These risks, along with the chairman’s small reported sale of 1,000 shares, may be contributing to pressure despite the improving blockchain metrics.
Hyperscale Data Company Profile
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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