91,000 Shares in Hyperliquid Strategies Inc $PURR Acquired by Wellington Management Group LLP

Wellington Management Group LLP bought a new position in Hyperliquid Strategies Inc (NASDAQ:PURRFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 91,000 shares of the company’s stock, valued at approximately $716,000. Wellington Management Group LLP owned 0.06% of Hyperliquid Strategies as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Boothbay Fund Management LLC purchased a new position in shares of Hyperliquid Strategies during the 4th quarter worth $40,000. State of Wyoming purchased a new stake in shares of Hyperliquid Strategies in the second quarter valued at $46,000. XTX Topco Ltd acquired a new position in Hyperliquid Strategies in the fourth quarter valued at $48,000. Squarepoint Ops LLC acquired a new position in Hyperliquid Strategies in the fourth quarter valued at $73,000. Finally, Shepherd Financial Partners LLC acquired a new position in Hyperliquid Strategies in the second quarter valued at $79,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

Hyperliquid Strategies Stock Up 5.4%

Shares of PURR stock opened at $11.61 on Friday. Hyperliquid Strategies Inc has a fifty-two week low of $3.01 and a fifty-two week high of $14.14. The firm’s 50 day moving average price is $8.58 and its two-hundred day moving average price is $7.40. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -1.81 and a beta of 1.89.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PURR. Weiss Ratings raised Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 28th. Wall Street Zen downgraded shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Cantor Fitzgerald increased their price objective on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a report on Thursday. Finally, Chardan Capital increased their price objective on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Hyperliquid Strategies has a consensus rating of “Moderate Buy” and a consensus target price of $20.40.

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Further Reading

Institutional Ownership by Quarter for Hyperliquid Strategies (NASDAQ:PURR)

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