Paradigm Operations LP Invests $44.94 Billion in Hyperliquid Strategies Inc $PURR

Paradigm Operations LP acquired a new stake in Hyperliquid Strategies Inc (NASDAQ:PURR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,709,852 shares of the company’s stock, valued at approximately $44,936,535,000. Hyperliquid Strategies accounts for 4.4% of Paradigm Operations LP’s holdings, making the stock its 4th biggest holding.

Several other hedge funds have also recently bought and sold shares of PURR. EHP Funds Inc. purchased a new position in Hyperliquid Strategies during the 4th quarter valued at about $302,000. HRT Financial LP purchased a new stake in Hyperliquid Strategies during the fourth quarter worth about $856,000. Jane Street Group LLC acquired a new stake in shares of Hyperliquid Strategies during the fourth quarter worth about $339,000. GM Advisory Group LLC acquired a new stake in shares of Hyperliquid Strategies during the fourth quarter worth about $2,946,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $156,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Hyperliquid Strategies Stock Performance

Hyperliquid Strategies stock opened at $11.56 on Thursday. Hyperliquid Strategies Inc has a 1-year low of $3.01 and a 1-year high of $12.10. The firm has a market capitalization of $1.67 billion, a PE ratio of -1.57 and a beta of 1.71. The company has a fifty day simple moving average of $7.74.

Analyst Ratings Changes

A number of research firms have issued reports on PURR. Weiss Ratings upgraded shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Chardan Capital restated a “buy” rating and issued a $9.75 price target on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Finally, Cantor Fitzgerald upped their price objective on Hyperliquid Strategies from $8.00 to $18.40 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hyperliquid Strategies has a consensus 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.