William Horne Acquires 5,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne acquired 5,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were bought at an average price of $19.00 per share, for a total transaction of $95,000.00. Following the completion of the transaction, the chief executive officer owned 5,000 shares of the company’s stock, valued at approximately $95,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hyperscale Data Stock Performance

Shares of Hyperscale Data stock opened at $0.14 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $0.18 and a 200-day moving average price of $0.19. Hyperscale Data, Inc. has a one year low of $0.11 and a one year high of $1.50.

Hyperscale Data announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Hyperscale Data

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in 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 period. State Street Corp purchased a new position in shares of Hyperscale Data during the fourth quarter valued at approximately $335,000. Virtu Financial LLC purchased a new position in shares of Hyperscale Data during the fourth quarter valued at approximately $152,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the fourth quarter valued at approximately $73,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Hyperscale Data during the second quarter valued at approximately $47,000. 41.05% of the stock is owned by hedge funds and other institutional investors.

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.