Kenneth Cragun Buys 100,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CFO Kenneth Cragun purchased 100,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average price of $0.19 per share, for a total transaction of $19,000.00. Following the purchase, the chief financial officer owned 100,000 shares in the company, valued at $19,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyperscale Data Price Performance

Shares of Hyperscale Data stock traded up $0.00 during midday trading on Tuesday, reaching $0.19. 41,651,527 shares of the company’s stock traded hands, compared to its average volume of 15,162,780. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29. Hyperscale Data, Inc. has a 52 week low of $0.17 and a 52 week high of $3.65. The company’s 50 day simple moving average is $0.69 and its 200 day simple moving average is $0.80.

Hyperscale Data’s stock is going to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last posted its earnings results on Wednesday, August 19th. The company reported ($0.25) EPS for the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.The business had revenue of $34.84 million for the quarter.

Hyperscale Data declared that its Board of Directors has approved a share buyback plan on Tuesday, May 26th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Hyperscale Data

A number of large investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new position in shares of Hyperscale Data in the second quarter valued at approximately $47,000. LPL Financial LLC acquired a new stake in shares of Hyperscale Data in the fourth quarter valued at about $73,000. Virtu Financial LLC acquired a new stake in shares of Hyperscale Data in the fourth quarter valued at about $152,000. State Street Corp bought a new position in shares of Hyperscale Data in the fourth quarter worth about $335,000. Finally, Geode Capital Management LLC boosted its position 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 valued at $639,000 after acquiring an additional 3,319,363 shares during the period. Institutional investors 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.