Key Points
- Chairman Milton Ault III bought 1,913,691 Hyperscale Data shares at an average price of $0.19, investing approximately $363,601 and increasing his direct stake by 273.38% to 2,613,692 shares.
- GPUS opened at $0.19, near its one-year low of $0.17 and well below its one-year high of $3.65. The company also announced a 1.04066734-for-1 share split scheduled for September 15.
- Hyperscale Data reported a quarterly loss of $0.25 per share, $34.84 million in revenue, and a negative net margin of 71.03%; its board has authorized a $5 million share buyback covering up to 6.6% of outstanding shares.
Hyperscale Data, Inc. (NYSEAMERICAN:GPUS - Get Free Report) CEO William Horne purchased 60,000 shares of Hyperscale Data stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $0.19 per share, with a total value of $11,400.00. Following the transaction, the chief executive officer owned 300,000 shares of the company's stock, valued at $57,000. This trade represents a 25.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Hyperscale Data Stock Performance
NYSEAMERICAN GPUS opened at $0.19 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57. Hyperscale Data, Inc. has a 52-week low of $0.17 and a 52-week high of $3.65. The company has a 50-day simple moving average of $0.68 and a 200 day simple moving average of $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 created shares will be payable to shareholders after the market closes on Monday, September 14th.
Hyperscale Data (NYSEAMERICAN:GPUS - Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%. The company had revenue of $34.84 million for the quarter.
Hyperscale Data declared that its board has approved a stock repurchase plan on Tuesday, May 26th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.
Institutional Trading of Hyperscale Data
Hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new position in shares of Hyperscale Data during the 2nd quarter valued at $47,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the 4th quarter worth $73,000. Virtu Financial LLC purchased a new stake in Hyperscale Data in the 4th quarter worth about $152,000. State Street Corp purchased a new stake in Hyperscale Data in the 4th quarter worth about $335,000. Finally, Geode Capital Management LLC raised its stake in 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 acquiring an additional 3,319,363 shares during the period. 41.05% of the stock is currently owned by institutional investors.
About Hyperscale Data
(
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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