Milton Ault III Purchases 100,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III purchased 100,000 shares of Hyperscale Data stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $0.16 per share, for a total transaction of $16,000.00. Following the transaction, the chairman directly owned 2,700,005 shares of the company’s stock, valued at $432,000.80. The trade was a 3.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Hyperscale Data Price Performance

GPUS traded down $0.01 during trading hours on Friday, hitting $0.15. The company’s stock had a trading volume of 29,480,591 shares, compared to its average volume of 43,307,625. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14. Hyperscale Data, Inc. has a 12 month low of $0.11 and a 12 month high of $4.62. The business’s 50-day moving average price is $0.15 and its 200-day moving average price is $0.20.

Hyperscale Data announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 26th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Hyperscale Data

Hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd purchased a new stake in Hyperscale Data in the second quarter worth about $47,000. LPL Financial LLC purchased a new stake in Hyperscale Data in the fourth quarter worth about $73,000. Virtu Financial LLC purchased a new stake in Hyperscale Data in the fourth quarter worth about $152,000. State Street Corp purchased a new stake in Hyperscale Data in the fourth quarter worth about $335,000. Finally, Geode Capital Management LLC lifted its stake 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 worth $639,000 after acquiring an additional 3,319,363 shares during the period. 41.05% of the stock is owned by hedge funds and other 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.