Key Points
- CEO William Horne bought 200,000 shares of Hyperscale Data at $0.17 each, spending a total of $34,000 in a transaction disclosed to the SEC.
- Hyperscale Data shares were down 8% in Friday trading, opening at $0.15, near the stock’s 52-week low of $0.11 and far below its 52-week high of $4.62.
- The company’s board authorized a $5 million share repurchase program, which could allow Hyperscale Data to buy back up to 6.6% of its outstanding stock.
Hyperscale Data, Inc. (NYSEAMERICAN:GPUS - Get Free Report) CEO William Horne bought 200,000 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $0.17 per share, for a total transaction of $34,000.00. Following the completion of the purchase, the chief executive officer owned 200,000 shares of the company's stock, valued at approximately $34,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Hyperscale Data Trading Down 8.0%
Shares of NYSEAMERICAN:GPUS opened at $0.15 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. Hyperscale Data, Inc. has a twelve month low of $0.11 and a twelve month high of $4.62. The company has a 50-day moving average price of $0.15 and a two-hundred day moving average price of $0.20.
Hyperscale Data declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 26th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Institutional Investors Weigh In On Hyperscale Data
A number of institutional investors and hedge funds have recently modified their holdings of GPUS. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 3,319,363 shares in the last quarter. State Street Corp purchased a new stake in shares of Hyperscale Data in the fourth quarter worth about $335,000. Virtu Financial LLC purchased a new stake in shares of Hyperscale Data in the fourth quarter worth about $152,000. LPL Financial LLC purchased a new stake in shares of Hyperscale Data in the fourth quarter worth about $73,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Hyperscale Data in 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
(
Get Free Report)
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.
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