Hyperliquid Strategies Inc $PURR Shares Newly Purchased by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC acquired a new position in shares of Hyperliquid Strategies Inc (NASDAQ:PURR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,631 shares of the company’s stock, valued at approximately $768,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PURR. Galaxy Digital Inc. bought a new position in shares of Hyperliquid Strategies in the 1st quarter worth $4,581,000. Militia Capital Management LLC bought a new stake in shares of Hyperliquid Strategies during the 1st quarter worth $3,323,000. Maplelane Capital LLC purchased a new position in Hyperliquid Strategies in the first quarter worth $2,927,000. OLP CAPITAL MANAGEMENT Ltd bought a new position in Hyperliquid Strategies in the first quarter valued at $10,459,000. Finally, Wellington Management Group LLP bought a new position in Hyperliquid Strategies in the second quarter valued at $716,000. 9.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PURR has been the subject of several research analyst reports. Compass Point started coverage on Hyperliquid Strategies in a research note on Monday, September 14th. They set a “buy” rating and a $18.00 price target for the company. Chardan Capital increased their price objective on Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Wall Street Zen cut Hyperliquid Strategies from a “hold” rating to a “sell” rating in a report on Sunday, October 11th. Weiss Ratings downgraded Hyperliquid Strategies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Finally, Cantor Fitzgerald boosted their target price on Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $19.80.

Hyperliquid Strategies Stock Down 4.6%

PURR stock opened at $9.69 on Thursday. Hyperliquid Strategies Inc has a 52 week low of $3.01 and a 52 week high of $14.76. The firm’s fifty day moving average is $11.36 and its 200 day moving average is $8.02.

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.