Milton Ault III Buys 89,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III purchased 89,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $0.27 per share, with a total value of $24,030.00. Following the completion of the transaction, the chairman owned 294,501 shares in the company, valued at $79,515.27. This trade represents a 43.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hyperscale Data Stock Performance

GPUS traded down $0.03 during midday trading on Monday, reaching $0.28. The company’s stock had a trading volume of 22,778,482 shares, compared to its average volume of 8,297,058. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. Hyperscale Data, Inc. has a 1 year low of $0.26 and a 1 year high of $3.65. The stock’s 50-day moving average is $0.76 and its 200-day moving average is $0.83.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%. The business had revenue of $34.84 million for the quarter.

Hyperscale Data announced that its board has authorized a stock repurchase program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Hyperscale Data in the fourth quarter worth $152,000. State Street Corp bought a new position in shares of Hyperscale Data during the fourth quarter valued at $335,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the fourth quarter valued at $73,000. Geode Capital Management LLC raised its position in shares of 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 last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Hyperscale Data in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 41.05% of the company’s stock.

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.