Bitdeer Technologies Group (NASDAQ:BTDR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 368,564 shares of the company's stock after acquiring an additional 46,968 shares during the period. Geode Capital Management LLC owned 0.33% of Bitdeer Technologies Group worth $2,886,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BTDR. Charles Schwab Investment Management Inc. increased its holdings in Bitdeer Technologies Group by 281.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company's stock worth $1,933,000 after acquiring an additional 182,110 shares during the period. Millennium Management LLC lifted its position in Bitdeer Technologies Group by 901.0% in the second quarter. Millennium Management LLC now owns 410,359 shares of the company's stock valued at $4,210,000 after purchasing an additional 369,363 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $5,872,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $220,000. Finally, Quadrature Capital Ltd purchased a new position in Bitdeer Technologies Group during the 3rd quarter valued at $285,000. Institutional investors and hedge funds own 22.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Benchmark increased their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $13.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Roth Mkm increased their price target on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. HC Wainwright boosted their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, Alliance Global Partners initiated coverage on Bitdeer Technologies Group in a research note on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price objective on the stock. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $19.80.

Bitdeer Technologies Group Stock Performance

NASDAQ BTDR traded down $1.13 on Wednesday, reaching $18.58. 9,743,937 shares of the company's stock traded hands, compared to its average volume of 9,324,191. The stock has a 50 day moving average price of $16.02 and a 200-day moving average price of $10.99. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -35.73 and a beta of 2.09. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99.

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.