William Horne Buys 100,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne acquired 100,000 shares of the stock in a transaction on Friday, September 4th. The shares were acquired at an average price of $0.20 per share, with a total value of $20,000.00. Following the purchase, the chief executive officer owned 240,000 shares in the company, valued at $48,000. This represents a 71.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hyperscale Data Price Performance

GPUS stock traded up $0.00 during midday trading on Tuesday, hitting $0.19. 41,651,527 shares of the company’s stock were exchanged, compared to its average volume of 15,162,780. The firm has a 50 day moving average price of $0.69 and a 200-day moving average price of $0.80. Hyperscale Data, Inc. has a 12-month low of $0.17 and a 12-month high of $3.65. 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 shares are set to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Monday, September 14th.

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

Hyperscale Data declared that its Board of Directors has authorized a stock buyback program 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 programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Hyperscale Data

A number of hedge funds have recently added to or reduced their stakes in GPUS. Geode Capital Management LLC increased its stake 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 valued at $639,000 after purchasing an additional 3,319,363 shares during the last quarter. State Street Corp bought a new position in shares of Hyperscale Data in the 4th quarter worth about $335,000. Virtu Financial LLC bought a new position in shares of Hyperscale Data in the 4th quarter worth about $152,000. LPL Financial LLC acquired a new position in shares of Hyperscale Data in the 4th quarter valued at about $73,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Hyperscale Data in the 2nd quarter valued at about $47,000. 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.