5,709,852 Shares in Hyperliquid Strategies Inc $PURR Purchased by Paradigm Operations LP

Paradigm Operations LP purchased a new position in Hyperliquid Strategies Inc (NASDAQ:PURR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,709,852 shares of the company’s stock, valued at approximately $20,327,000. Hyperliquid Strategies makes up 1.5% of Paradigm Operations LP’s investment portfolio, making the stock its 3rd largest holding. Paradigm Operations LP owned approximately 4.61% of Hyperliquid Strategies at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in Hyperliquid Strategies in the fourth quarter worth about $73,000. OMERS ADMINISTRATION Corp acquired a new position in Hyperliquid Strategies in the fourth quarter worth about $156,000. EHP Funds Inc. acquired a new position in Hyperliquid Strategies in the fourth quarter worth about $302,000. Jane Street Group LLC acquired a new position in Hyperliquid Strategies in the fourth quarter worth about $339,000. Finally, HRT Financial LP acquired a new position in Hyperliquid Strategies in the fourth quarter worth about $856,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Hyperliquid Strategies to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Cantor Fitzgerald increased their price target on shares of Hyperliquid Strategies from $6.00 to $8.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Maxim Group assumed coverage on shares of Hyperliquid Strategies in a research report on Friday, April 24th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Chardan Capital reissued a “buy” rating and issued a $9.75 price target on shares of Hyperliquid Strategies in a research report on Friday, June 12th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Hyperliquid Strategies Trading Up 7.5%

NASDAQ PURR opened at $10.04 on Wednesday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -1.36 and a beta of 1.64. The business’s 50 day moving average price is $7.33. Hyperliquid Strategies Inc has a 1-year low of $3.01 and a 1-year high of $11.62.

Hyperliquid Strategies (NASDAQ:PURR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.01 earnings per share for the quarter. The firm had revenue of $2.63 million for the quarter. Research analysts expect that Hyperliquid Strategies Inc will post -0.75 earnings per share for the current year.

Hyperliquid Strategies Company Profile

Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. Hyperliquid Strategies Inc, formerly known as Sonnet BioTherapeutics Holdings Inc, is based in NEW YORK.