Arrington Capital Management LLC Acquires Shares of 1,280,001 Hyperliquid Strategies Inc $PURR

Arrington Capital Management LLC acquired a new stake in Hyperliquid Strategies Inc (NASDAQ:PURR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,280,001 shares of the company’s stock, valued at approximately $4,557,000. Hyperliquid Strategies accounts for 4.3% of Arrington Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Arrington Capital Management LLC owned about 1.03% of Hyperliquid Strategies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Paradigm Operations LP purchased a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at about $20,327,000. Pantera Capital Partners LP purchased a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at about $14,545,000. 683 Capital Management LLC purchased a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at about $5,660,000. GM Advisory Group LLC purchased a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at about $2,946,000. Finally, Militia Capital Partners LP purchased a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at about $1,784,000. Hedge funds and other institutional investors own 9.45% of the company’s stock.

Hyperliquid Strategies Trading Down 2.3%

Shares of PURR opened at $9.81 on Thursday. The firm has a market capitalization of $1.42 billion, a PE ratio of -1.33 and a beta of 1.64. The business’s 50-day simple moving average is $7.42. Hyperliquid Strategies Inc has a 12-month low of $3.01 and a 12-month high of $11.62.

Hyperliquid Strategies (NASDAQ:PURR) last announced its 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 for the quarter. Research analysts predict that Hyperliquid Strategies Inc will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PURR. Chardan Capital reaffirmed a “buy” rating and issued a $9.75 target price on shares of Hyperliquid Strategies in a report on Friday, June 12th. Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Maxim Group began coverage on shares of Hyperliquid Strategies in a report on Friday, April 24th. They issued a “buy” rating and a $10.00 target price on the stock. Wall Street Zen raised shares of Hyperliquid Strategies to a “hold” rating in a report on Saturday, February 21st. Finally, Cantor Fitzgerald boosted their price objective on shares of Hyperliquid Strategies from $6.00 to $8.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

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.