Militia Capital Partners LP Invests $1.78 Million in Hyperliquid Strategies Inc $PURR

Militia Capital Partners LP bought a new position in shares of Hyperliquid Strategies Inc (NASDAQ:PURR) during the 4th quarter, HoldingsChannel reports. The fund bought 501,200 shares of the company’s stock, valued at approximately $1,784,000.

Several other large investors also recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in Hyperliquid Strategies in the 4th quarter valued at about $73,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at approximately $156,000. EHP Funds Inc. acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at approximately $302,000. Jane Street Group LLC acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at approximately $339,000. Finally, HRT Financial LP acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at approximately $856,000. 9.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Hyperliquid Strategies Stock Up 7.5%

Shares of PURR stock opened at $10.04 on Wednesday. The company’s 50-day moving average price is $7.33. Hyperliquid Strategies Inc has a 12 month low of $3.01 and a 12 month high of $11.62. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -1.36 and a beta of 1.64.

Hyperliquid Strategies (NASDAQ:PURR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.01 EPS for the quarter. The firm had revenue of $2.63 million for the quarter. As a group, analysts forecast that Hyperliquid Strategies Inc will post -0.75 EPS for the current year.

Hyperliquid Strategies 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.