Paradigm Operations LP Invests $20.33 Million in Hyperliquid Strategies Inc $PURR

Paradigm Operations LP acquired a new position in shares of Hyperliquid Strategies Inc (NASDAQ:PURR) in the 4th quarter, HoldingsChannel reports. The firm acquired 5,709,852 shares of the company’s stock, valued at approximately $20,327,000. Hyperliquid Strategies makes up approximately 1.5% of Paradigm Operations LP’s portfolio, making the stock its 3rd largest position.

Other hedge funds also recently modified their holdings of the company. Squarepoint Ops LLC bought a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $73,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $156,000. GM Advisory Group LLC bought a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $2,946,000. Jane Street Group LLC bought a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $339,000. Finally, HRT Financial LP bought a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $856,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hyperliquid Strategies Price Performance

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

Hyperliquid Strategies (NASDAQ:PURR) last announced its quarterly earnings data 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. As a group, sell-side analysts anticipate that Hyperliquid Strategies Inc will post -0.75 EPS for the current fiscal year.

About Hyperliquid Strategies

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.