Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) CEO Buys $34,000.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne purchased 200,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $0.17 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the chief executive officer directly owned 200,000 shares in the company, valued at $34,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hyperscale Data Stock Performance

Shares of GPUS opened at $0.15 on Monday. The firm’s 50 day moving average is $0.15 and its 200-day moving average is $0.20. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.14. Hyperscale Data, Inc. has a 12-month low of $0.11 and a 12-month high of $4.62.

Hyperscale Data declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 26th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Hyperscale Data

Hedge funds have recently made changes to their positions in the business. Qube Research & Technologies Ltd acquired a new position in shares of Hyperscale Data in the 2nd quarter worth approximately $47,000. LPL Financial LLC acquired a new position in shares of Hyperscale Data in the 4th quarter worth approximately $73,000. Virtu Financial LLC acquired a new position in shares of Hyperscale Data in the 4th quarter worth approximately $152,000. State Street Corp acquired a new position in shares of Hyperscale Data in the 4th quarter worth approximately $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 worth $639,000 after purchasing an additional 3,319,363 shares during the last quarter. Institutional investors and hedge funds own 41.05% of the company’s stock.

About Hyperscale Data

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.