Hyperscale Data (NYSEAMERICAN:GPUS) CFO Buys $19,000.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CFO Kenneth Cragun bought 100,000 shares of Hyperscale Data stock in a transaction dated Friday, September 4th. The stock was acquired at an average price of $0.19 per share, with a total value of $19,000.00. Following the acquisition, the chief financial officer directly owned 100,000 shares of the company’s stock, valued at approximately $19,000. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hyperscale Data Price Performance

Shares of GPUS stock traded up $0.00 on Tuesday, reaching $0.19. 41,651,527 shares of the company’s stock traded hands, compared to its average volume of 15,162,780. 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 quick ratio of 0.54 and a current ratio of 0.57. The business’s 50 day moving average price is $0.69 and its two-hundred day moving average price is $0.80.

Hyperscale Data shares are set to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Monday, September 14th.

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

Hyperscale Data declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 26th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Hyperscale Data

Institutional investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd purchased a new stake in shares of Hyperscale Data during the second quarter worth $47,000. LPL Financial LLC purchased a new stake in shares of Hyperscale Data during the 4th quarter worth about $73,000. Virtu Financial LLC acquired a new stake in shares of Hyperscale Data during the 4th quarter valued at about $152,000. State Street Corp acquired a new stake in shares of Hyperscale Data during the 4th quarter valued at about $335,000. Finally, Geode Capital Management LLC grew its stake 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 valued at $639,000 after buying an additional 3,319,363 shares in the last quarter. 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.