Tidal Investments LLC Purchases Shares of 671,514 Hyperliquid Strategies Inc $PURR

Key Points

• Tidal Investments purchased 671,514 shares of Hyperliquid Strategies during the second quarter, valued at approximately $5.29 million and representing about 0.34% of the company.
• Several other institutional investors also initiated positions, bringing total hedge fund and institutional ownership to 9.45% of Hyperliquid Strategies.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $20.40, although individual ratings range from Buy and Hold to Sell.

Tidal Investments LLC purchased a new stake in Hyperliquid Strategies Inc (NASDAQ:PURR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 671,514 shares of the company's stock, valued at approximately $5,285,000. Tidal Investments LLC owned about 0.34% of Hyperliquid Strategies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PURR. Engineers Gate Manager LP purchased a new stake in Hyperliquid Strategies in the 2nd quarter worth $533,000. Baird Financial Group Inc. acquired a new position in shares of Hyperliquid Strategies during the 2nd quarter valued at about $111,000. Amundi purchased a new stake in shares of Hyperliquid Strategies in the 2nd quarter valued at approximately $190,000. California State Teachers Retirement System purchased a new stake in Hyperliquid Strategies in the second quarter valued at $107,000. Finally, SPX Gestao de Recursos Ltda acquired a new position in Hyperliquid Strategies in the second quarter valued at about $860,000. 9.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PURR. Chardan Capital increased their price target on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Wall Street Zen cut Hyperliquid Strategies from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. 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, Cantor Fitzgerald lifted their target price on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the company an "overweight" rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.40.

Hyperliquid Strategies Price Performance

Hyperliquid Strategies stock opened at $11.61 on Monday. The stock has a market capitalization of $2.30 billion, a P/E ratio of -1.81 and a beta of 1.89. Hyperliquid Strategies Inc has a 12-month low of $3.01 and a 12-month high of $14.14. The firm's 50-day moving average is $8.58 and its two-hundred day moving average is $7.42.

About Hyperliquid Strategies

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