Hyperliquid Strategies (NASDAQ:PURR) Sees Large Volume Increase – What’s Next?

Posted by Francis Steltz on Aug 22nd, 2026

Shares of Hyperliquid Strategies Inc (NASDAQ:PURR – Get Free Report) saw strong trading volume on Thursday . Approximately 11,851,083 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 8,830,111 shares.The stock last traded at $9.8390 and had previously closed at $9.39.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Maxim Group initiated coverage on shares of Hyperliquid Strategies in a research report on Friday, April 24th. They set a “buy” rating and a $10.00 price objective for the company. Chardan Capital reaffirmed a “buy” rating and issued a $9.75 target price on shares of Hyperliquid Strategies in a report on Friday, June 12th. Weiss Ratings upgraded Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Finally, Cantor Fitzgerald boosted 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. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Hyperliquid Strategies presently has an average rating of “Moderate Buy” and an average target price of $12.72.

View Our Latest Report on Hyperliquid Strategies

Hyperliquid Strategies Stock Performance

The stock has a market cap of $1.53 billion, a P/E ratio of -1.44 and a beta of 1.71. The business has a 50 day moving average of $7.64.

Institutional Trading of Hyperliquid Strategies

Institutional investors and hedge funds have recently modified their holdings of the company. EHP Funds Inc. purchased a new position in shares of Hyperliquid Strategies during the 4th quarter valued at $302,000. HRT Financial LP purchased a new stake in Hyperliquid Strategies in the 4th quarter worth $856,000. Jane Street Group LLC purchased a new stake in Hyperliquid Strategies in the 4th quarter worth $339,000. GM Advisory Group LLC purchased a new stake in Hyperliquid Strategies in the 4th quarter worth $2,946,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Hyperliquid Strategies during the fourth quarter valued at about $156,000. 9.45% of the stock is currently owned by institutional investors.

Hyperliquid Strategies Company Profile

(Get Free Report)

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.