Wellington Management Group LLP Acquires Shares of 91,000 Hyperliquid Strategies Inc $PURR

Wellington Management Group LLP acquired a new position in shares of Hyperliquid Strategies Inc (NASDAQ:PURR) during the second quarter, HoldingsChannel.com reports. The fund acquired 91,000 shares of the company’s stock, valued at approximately $716,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PURR. BlackRock Inc. purchased a new stake in shares of Hyperliquid Strategies in the second quarter worth about $79,842,000. Paradigm Operations LP purchased a new stake in shares of Hyperliquid Strategies during the 4th quarter valued at about $20,327,000. Galaxy Group Investments LLC acquired a new position in Hyperliquid Strategies during the 4th quarter worth approximately $15,167,000. Pantera Capital Partners LP acquired a new position in Hyperliquid Strategies during the 4th quarter worth approximately $14,545,000. Finally, Feynman Point Asset Management LLC purchased a new position in Hyperliquid Strategies in the 4th quarter worth approximately $14,431,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Analysts Set New Price Targets

PURR has been the subject of several recent research reports. Chardan Capital increased their price objective on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Cantor Fitzgerald boosted their target price on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings upgraded shares of Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 28th. Finally, Wall Street Zen lowered shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.40.

Hyperliquid Strategies Price Performance

PURR opened at $11.61 on Friday. Hyperliquid Strategies Inc has a 12-month low of $3.01 and a 12-month high of $14.14. The stock has a market capitalization of $2.30 billion, a PE ratio of -1.81 and a beta of 1.89. The firm’s fifty day moving average price is $8.58 and its 200 day moving average price is $7.40.

Hyperliquid Strategies Profile