Purple Innovation Inc (NASDAQ:PRPL) is a provider of comfort technology products and manufactures various products, including mattresses, pillows, cushions, bases, and sheets. The company has designed many technologies, including the Hyper-Elastic Polymer material and the Purple Grid structure. Purple Innovation shares have lost 84% of their value over the past year in one long gradual decline from a peak of $41.08 in Jan. 2021. The significant fall in market capitalization valuation to around $400 million has prompted various insiders to increase their position sizes. Q1 2022 hedge fund lette…