Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) CEO Acquires 200,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne bought 200,000 shares of Hyperscale Data stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $0.17 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the chief executive officer owned 200,000 shares of the company’s stock, valued at approximately $34,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hyperscale Data Stock Performance

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

Hyperscale Data declared that its board has approved a share buyback program on Tuesday, May 26th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GPUS. Virtu Financial LLC acquired a new position in Hyperscale Data during the 4th quarter valued at about $152,000. State Street Corp acquired a new position in Hyperscale Data during the 4th quarter valued at about $335,000. LPL Financial LLC acquired a new stake in Hyperscale Data in the fourth quarter worth about $73,000. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 3,319,363 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Hyperscale Data in the second quarter worth 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.