Militia Capital Management LLC Invests $3.32 Million in Hyperliquid Strategies Inc $PURR

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

A number of other hedge funds and other institutional investors have also bought and sold shares of PURR. Paradigm Operations LP bought a new position in shares of Hyperliquid Strategies in the fourth quarter valued at $20,327,000. Galaxy Group Investments LLC acquired a new stake in shares of Hyperliquid Strategies in the 4th quarter worth about $15,167,000. Pantera Capital Partners LP acquired a new stake in shares of Hyperliquid Strategies in the 4th quarter worth about $14,545,000. Feynman Point Asset Management LLC bought a new position in Hyperliquid Strategies in the 4th quarter valued at about $14,431,000. Finally, 683 Capital Management LLC bought a new position in Hyperliquid Strategies in the 4th quarter valued at about $5,660,000. Institutional investors own 9.45% of the company’s stock.

Hyperliquid Strategies Stock Performance

Shares of PURR stock opened at $6.85 on Thursday. The firm has a 50-day moving average price of $8.30. The stock has a market capitalization of $989.48 million, a P/E ratio of -0.93 and a beta of 1.66. Hyperliquid Strategies Inc has a one year low of $3.01 and a one year high of $11.62.

Hyperliquid Strategies (NASDAQ:PURR) last released its quarterly earnings results 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. On average, equities research analysts predict that Hyperliquid Strategies Inc will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PURR. Chardan Capital reiterated a “buy” rating and set a $9.75 price target on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Maxim Group assumed coverage on Hyperliquid Strategies in a report on Friday, April 24th. They issued a “buy” rating and a $10.00 target price on the stock. Cantor Fitzgerald lifted their target price on Hyperliquid Strategies from $8.00 to $18.40 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings raised Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.72.

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.