Himension Capital Singapore PTE. LTD. Invests $7.89 Million in Bitdeer Technologies Group (NASDAQ:BTDR)

Himension Capital Singapore PTE. LTD. purchased a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 364,011 shares of the company's stock, valued at approximately $7,888,000. Bitdeer Technologies Group comprises approximately 0.5% of Himension Capital Singapore PTE. LTD.'s portfolio, making the stock its 21st biggest holding. Himension Capital Singapore PTE. LTD. owned approximately 0.33% of Bitdeer Technologies Group as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in shares of Bitdeer Technologies Group in the fourth quarter worth approximately $65,000. SBI Securities Co. Ltd. purchased a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at about $79,000. Wells Fargo & Company MN raised its stake in shares of Bitdeer Technologies Group by 56.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock valued at $93,000 after acquiring an additional 1,540 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth about $116,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Bitdeer Technologies Group in the fourth quarter worth about $171,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Price Performance

NASDAQ:BTDR traded up $0.09 during mid-day trading on Friday, hitting $7.69. 4,334,986 shares of the company's stock were exchanged, compared to its average volume of 6,172,416. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99. The business has a fifty day moving average price of $11.62 and a 200 day moving average price of $13.46. The company has a market cap of $860.46 million, a PE ratio of -14.78 and a beta of 2.25.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms have commented on BTDR. Rosenblatt Securities lowered their price target on Bitdeer Technologies Group from $25.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods assumed coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 target price for the company. Benchmark cut their price target on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. B. Riley upped their price objective on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $21.00 target price (down previously from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $19.70.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.