Galaxy Digital Inc. Purchases New Shares in Hyperliquid Strategies Inc $PURR

Galaxy Digital Inc. purchased a new position in shares of Hyperliquid Strategies Inc (NASDAQ:PURR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 899,951 shares of the company’s stock, valued at approximately $4,581,000. Hyperliquid Strategies comprises approximately 0.4% of Galaxy Digital Inc.’s investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Militia Capital Management LLC purchased a new stake in Hyperliquid Strategies in the 1st quarter valued at about $3,323,000. Paradigm Operations LP purchased a new position in shares of Hyperliquid Strategies in the 4th quarter worth approximately $20,327,000. Militia Capital Partners LP bought a new position in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $1,784,000. 683 Capital Management LLC purchased a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $5,660,000. Finally, Arrington Capital Management LLC bought a new stake in Hyperliquid Strategies during the fourth quarter worth $4,557,000. 9.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hyperliquid Strategies Price Performance

Shares of NASDAQ PURR opened at $6.19 on Friday. The stock has a market cap of $894.15 million, a PE ratio of -0.84 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. The company’s fifty day moving average price is $8.27.

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 firm had revenue of $2.63 million during the quarter. As a group, research analysts forecast that Hyperliquid Strategies Inc will post 2.1 earnings per share 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.