Wealth High Governance Capital Ltda Takes Position in Hyperliquid Strategies Inc $PURR

Wealth High Governance Capital Ltda purchased a new stake in shares of Hyperliquid Strategies Inc (NASDAQ:PURR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 828,048 shares of the company’s stock, valued at approximately $6,517,000. Hyperliquid Strategies makes up 1.9% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC acquired a new position in Hyperliquid Strategies in the 4th quarter worth $40,000. State of Wyoming purchased a new position in Hyperliquid Strategies in the 2nd quarter valued at about $46,000. XTX Topco Ltd purchased a new position in Hyperliquid Strategies in the 4th quarter valued at about $48,000. Squarepoint Ops LLC acquired a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at about $73,000. Finally, Shepherd Financial Partners LLC acquired a new stake in shares of Hyperliquid Strategies during the second quarter valued at about $79,000. Hedge funds and other institutional investors own 9.45% of the company’s stock.

Analyst Ratings Changes

PURR has been the topic of a number of analyst reports. Weiss Ratings raised Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Cantor Fitzgerald increased their price target on Hyperliquid Strategies from $8.00 to $18.40 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, Chardan Capital restated a “buy” rating and set a $9.75 price objective on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.72.

Hyperliquid Strategies Price Performance

PURR opened at $10.58 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of -1.44 and a beta of 1.71. The company has a fifty day moving average of $7.64. Hyperliquid Strategies Inc has a 12-month low of $3.01 and a 12-month high of $11.62.

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.