652,902 Shares in Hyperliquid Strategies Inc $PURR Bought by Militia Capital Management LLC

Militia Capital Management LLC purchased a new stake in Hyperliquid Strategies Inc (NASDAQ:PURR) during the 1st quarter, HoldingsChannel reports. The firm purchased 652,902 shares of the company’s stock, valued at approximately $3,323,000.

Other hedge funds have also added to or reduced their stakes in the company. OLP CAPITAL MANAGEMENT Ltd bought a new position in Hyperliquid Strategies in the 1st quarter worth $10,459,000. Bank of America Corp DE boosted its stake in shares of Hyperliquid Strategies by 896.4% during the 1st quarter. Bank of America Corp DE now owns 238,080 shares of the company’s stock valued at $1,212,000 after purchasing an additional 214,187 shares in the last quarter. Maplelane Capital LLC bought a new stake in shares of Hyperliquid Strategies during the 1st quarter valued at about $2,927,000. Galaxy Digital Inc. purchased a new position in shares of Hyperliquid Strategies during the first quarter valued at about $4,581,000. Finally, Bank of Nova Scotia purchased a new position in shares of Hyperliquid Strategies during the first quarter valued at about $204,000. 9.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on PURR shares. Maxim Group assumed coverage on shares of Hyperliquid Strategies in a report on Friday, April 24th. They issued a “buy” rating and a $10.00 price objective for the company. Weiss Ratings upgraded Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Cantor Fitzgerald increased their target price on Hyperliquid Strategies from $8.00 to $18.40 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, Chardan Capital restated a “buy” rating and issued a $9.75 target price on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.72.

Hyperliquid Strategies Stock Performance

Shares of PURR stock opened at $6.21 on Monday. The firm’s fifty day simple moving average is $8.11. The company has a market cap of $897.03 million, a PE ratio of -0.84 and a beta of 1.71. Hyperliquid Strategies Inc has a 12 month low of $3.01 and a 12 month high of $11.62.

Hyperliquid Strategies (NASDAQ:PURR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.01 earnings per share (EPS) for the quarter. The business had revenue of $2.63 million during the quarter. Equities research analysts expect that Hyperliquid Strategies Inc will post 2.1 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.