--- title: "Hyperliquid Strategies (NASDAQ:PURR) Shares Up 11.6% - Here's What Happened" type: "News" locale: "en" url: "https://longbridge.com/en/news/296386895.md" description: "Hyperliquid Strategies (NASDAQ:PURR) shares rose 11.6% to $8.0340, with trading volume up 32%. Analysts updated ratings: Cantor Fitzgerald raised its price target to $18.40 with an 'overweight' rating, while Maxim Group initiated coverage with a 'buy' and $10 target. The consensus rating is 'Moderate Buy' with a $12.72 target. Institutional investors increased holdings in Q1, including significant stakes from Galaxy Digital and OLP Capital." datetime: "2026-08-19T18:00:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296386895.md) - [en](https://longbridge.com/en/news/296386895.md) - [zh-HK](https://longbridge.com/zh-HK/news/296386895.md) generator: "portal-rs" --- # Hyperliquid Strategies (NASDAQ:PURR) Shares Up 11.6% - Here's What Happened Hyperliquid Strategies Inc (NASDAQ:PURR - Get Free Report)'s share price traded up 11.6% on Wednesday . The stock traded as high as $8.00 and last traded at $8.0340. 11,199,375 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 8,499,441 shares. The stock had previously closed at $7.20. Get **Hyperliquid Strategies** alerts: ## Analyst Upgrades and Downgrades - The Token Takeover: SEC Triggers Market Quake A number of equities analysts recently weighed in on PURR shares. Cantor Fitzgerald upped their price target on Hyperliquid Strategies from $8.00 to $18.40 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Maxim Group initiated coverage on Hyperliquid Strategies in a research report on Friday, April 24th. They issued a "buy" rating and a $10.00 price objective for the company. Chardan Capital reaffirmed a "buy" rating and set a $9.75 target price on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Finally, Weiss Ratings raised shares of Hyperliquid Strategies from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.72. **View Our Latest Report on Hyperliquid Strategies** ## Hyperliquid Strategies Stock Performance The firm has a market capitalization of $1.14 billion, a P/E ratio of -1.07 and a beta of 1.71. The business has a 50 day simple moving average of $7.54. ## Hedge Funds Weigh In On Hyperliquid Strategies Institutional investors and hedge funds have recently bought and sold shares of the business. Militia Capital Management LLC acquired a new stake in shares of Hyperliquid Strategies in the first quarter valued at approximately $3,323,000. Galaxy Digital Inc. acquired a new position in Hyperliquid Strategies during the first quarter worth $4,581,000. OLP CAPITAL MANAGEMENT Ltd acquired a new position in Hyperliquid Strategies during the first quarter worth $10,459,000. Maplelane Capital LLC purchased a new stake in Hyperliquid Strategies in the 1st quarter valued at $2,927,000. Finally, Militia Capital Partners LP purchased a new stake in Hyperliquid Strategies in the 4th quarter valued at $1,784,000. 9.45% of the stock is currently owned by institutional investors and hedge funds. ## About Hyperliquid Strategies (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. ## Read More - Five stocks we like better than Hyperliquid Strategies - IonQ’s Space Contract Points to a New Frontier for Quantum Investors - Is Apple’s AI Strategy Smarter Than Skeptics Think? - Why Lowe’s Could Be a Bargain Before Housing Recovers - Okta’s AI Tailwind Could Put This Forgotten Software Stock Back in Play *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Hyperliquid Strategies Right Now? Before you consider Hyperliquid Strategies, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hyperliquid Strategies wasn't on the list. While Hyperliquid Strategies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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