Kenneth Cragun Purchases 100,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CFO Kenneth Cragun purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were purchased at an average price of $0.19 per share, for a total transaction of $19,000.00. Following the purchase, the chief financial officer directly owned 100,000 shares in the company, valued at $19,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hyperscale Data Trading Up 6.4%

GPUS opened at $0.20 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29. Hyperscale Data, Inc. has a 52 week low of $0.17 and a 52 week high of $3.65. The business’s 50 day moving average is $0.67 and its two-hundred day moving average is $0.79.

Shares of Hyperscale Data are set to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business 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 initiated a stock buyback program on Tuesday, May 26th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Hyperscale Data

A number of institutional investors and hedge funds have recently made changes to their positions in GPUS. Qube Research & Technologies Ltd acquired a new stake in shares of Hyperscale Data during the second quarter worth about $47,000. LPL Financial LLC acquired a new position in Hyperscale Data in the 4th quarter valued at about $73,000. Virtu Financial LLC purchased a new stake in Hyperscale Data during the 4th quarter valued at approximately $152,000. State Street Corp purchased a new stake in Hyperscale Data during the 4th quarter valued at approximately $335,000. Finally, Geode Capital Management LLC lifted its position in Hyperscale Data by 2,029.5% during the 4th 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.

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.