Hyperscale Data, Inc. (NYSEAMERICAN:GPUS - Get Free Report) Chairman Milton Ault III purchased 89,000 shares of the company's stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $0.27 per share, for a total transaction of $24,030.00. Following the completion of the purchase, the chairman directly owned 294,501 shares of the company's stock, valued at $79,515.27. The trade was a 43.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Hyperscale Data Stock Performance
GPUS opened at $0.28 on Tuesday. The stock has a fifty day moving average price of $0.76 and a 200 day moving average price of $0.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. Hyperscale Data, Inc. has a 1 year low of $0.26 and a 1 year high of $3.65.
Hyperscale Data (NYSEAMERICAN:GPUS - Get Free Report) last issued its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The firm had revenue of $34.84 million during the quarter.
Hyperscale Data announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 26th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.
Hedge Funds Weigh In On Hyperscale Data
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new position in Hyperscale Data during the second quarter valued at approximately $47,000. LPL Financial LLC bought a new stake in Hyperscale Data in the fourth quarter worth approximately $73,000. Virtu Financial LLC acquired a new position in shares of Hyperscale Data during the 4th quarter worth $152,000. State Street Corp acquired a new position in shares of Hyperscale Data during the 4th quarter worth $335,000. Finally, Geode Capital Management LLC raised its holdings in shares of 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 valued at $639,000 after purchasing an additional 3,319,363 shares in the last quarter. Institutional investors own 41.05% of the company's stock.
About Hyperscale Data
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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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