Bank of America Corp DE Buys 214,187 Shares of Hyperliquid Strategies Inc $PURR

Key Points

• Bank of America increased its Hyperliquid Strategies stake by 896.4% in the first quarter, acquiring 214,187 additional shares for a total of 238,080 shares valued at approximately $1.21 million.
• Several crypto-focused investors, including Paradigm, Galaxy, Pantera, and Feynman Point, also established major positions. Institutional investors and hedge funds collectively own 9.45% of PURR.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $16.53 price target, although Wall Street Zen downgraded the stock to “sell.” PURR opened at $12.18 and has traded between $3.01 and $14.14 over the past year.

Bank of America Corp DE raised its stake in Hyperliquid Strategies Inc (NASDAQ:PURR - Free Report) by 896.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,080 shares of the company's stock after acquiring an additional 214,187 shares during the period. Bank of America Corp DE owned approximately 0.18% of Hyperliquid Strategies worth $1,212,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Paradigm Operations LP acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at approximately $20,327,000. Galaxy Group Investments LLC bought a new position in Hyperliquid Strategies in the 4th quarter valued at approximately $15,167,000. Pantera Capital Partners LP acquired a new stake in Hyperliquid Strategies during the 4th quarter worth approximately $14,545,000. Feynman Point Asset Management LLC bought a new stake in Hyperliquid Strategies during the 4th quarter worth approximately $14,431,000. Finally, 683 Capital Management LLC bought a new stake in Hyperliquid Strategies during the 4th quarter worth approximately $5,660,000. 9.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PURR shares. Wall Street Zen downgraded shares of Hyperliquid Strategies from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. Chardan Capital raised their price objective on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Cantor Fitzgerald set a $22.60 price objective on Hyperliquid Strategies and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings raised Hyperliquid Strategies from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.53.

Hyperliquid Strategies Stock Down 4.6%

PURR stock opened at $12.18 on Friday. Hyperliquid Strategies Inc has a 52 week low of $3.01 and a 52 week high of $14.14. The firm has a 50 day moving average of $8.21 and a 200 day moving average of $7.13. The stock has a market capitalization of $2.41 billion, a PE ratio of -1.90 and a beta of 1.89.

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.

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