Hyperscale Data, Inc. (NYSEAMERICAN:GPUS – Get Free Report) Chairman Milton Ault III purchased 1,913,691 shares of the business’s stock in a transaction on Friday, September 4th. The stock was bought at an average cost of $0.19 per share, for a total transaction of $363,601.29. Following the purchase, the chairman owned 2,613,692 shares of the company’s stock, valued at approximately $496,601.48. This represents a 273.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Hyperscale Data Trading Up 6.4%
Shares of GPUS stock opened at $0.20 on Thursday. Hyperscale Data, Inc. has a 12-month low of $0.17 and a 12-month high of $3.65. The firm has a fifty day moving average of $0.67 and a 200-day moving average of $0.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54.
Shares of Hyperscale Data are going to split on the morning of 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 of Directors has initiated a share buyback plan on Tuesday, May 26th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Hedge Funds Weigh In On Hyperscale Data
A number of large investors have recently bought and sold shares of GPUS. Qube Research & Technologies Ltd bought a new stake in shares of Hyperscale Data in the second quarter worth $47,000. Geode Capital Management LLC grew its position in 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 valued at $639,000 after purchasing an additional 3,319,363 shares in the last quarter. LPL Financial LLC bought a new position in Hyperscale Data in the fourth quarter valued at $73,000. State Street Corp acquired a new stake in Hyperscale Data in the 4th quarter valued at $335,000. Finally, Virtu Financial LLC acquired a new stake in Hyperscale Data in the 4th quarter valued at $152,000. Institutional investors and hedge funds own 41.05% of the company’s stock.
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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