Key Points
- CEO William Horne bought 5,000 shares of Hyperscale Data at $19.00 per share, a $95,000 transaction disclosed in an SEC filing. After the purchase, he owned 5,000 shares valued at about $95,000.
- GPUS shares rose 8.7% in the session highlighted by the article, with the stock opening at $0.15. The company’s shares have traded between a 12-month low of $0.11 and high of $1.50.
- Hyperscale Data also authorized a $5 million share repurchase program, allowing it to buy back up to 6.6% of outstanding shares. The company said such buybacks can signal management believes the stock is undervalued.
Hyperscale Data, Inc. (NYSEAMERICAN:GPUS - Get Free Report) CEO William Horne bought 5,000 shares of Hyperscale Data stock in a transaction dated Monday, June 29th. The stock was purchased at an average cost of $19.00 per share, for a total transaction of $95,000.00. Following the purchase, the chief executive officer owned 5,000 shares of the company's stock, valued at approximately $95,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hyperscale Data Stock Up 8.7%
Shares of GPUS opened at $0.15 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.53 and a quick ratio of 0.50. Hyperscale Data, Inc. has a 12-month low of $0.11 and a 12-month high of $1.50. The firm has a fifty day moving average price of $0.18 and a 200-day moving average price of $0.20.
Hyperscale Data declared that its board has initiated a share repurchase program on Tuesday, May 26th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in GPUS. Geode Capital Management LLC raised 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 in the last quarter. State Street Corp purchased a new position in Hyperscale Data in the 4th quarter worth $335,000. Virtu Financial LLC purchased a new position in shares of Hyperscale Data in the fourth quarter worth about $152,000. LPL Financial LLC purchased a new stake in Hyperscale Data in the fourth quarter valued at approximately $73,000. Finally, Qube Research & Technologies Ltd acquired a new position in Hyperscale Data in the 2nd quarter worth approximately $47,000. 41.05% of the stock is currently 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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