HCEP Management Ltd acquired a new position in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 533,054 shares of the company's stock, valued at approximately $11,551,000. Bitdeer Technologies Group makes up 9.2% of HCEP Management Ltd's portfolio, making the stock its 4th biggest holding. HCEP Management Ltd owned about 0.48% of Bitdeer Technologies Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Stonebridge Financial Group LLC purchased a new stake in Bitdeer Technologies Group during the 4th quarter worth about $65,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bitdeer Technologies Group in the third quarter valued at $66,000. SBI Securities Co. Ltd. purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth about $79,000. Centiva Capital LP acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth approximately $91,000. Finally, Wells Fargo & Company MN raised its stake in 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 buying an additional 1,540 shares in the last quarter. Institutional investors and hedge funds own 22.25% of the company's stock.
Bitdeer Technologies Group Price Performance
BTDR stock traded down $1.52 on Thursday, reaching $7.31. 3,498,971 shares of the company were exchanged, compared to its average volume of 4,298,382. The stock's fifty day moving average price is $11.83 and its 200 day moving average price is $13.46. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99. The firm has a market capitalization of $818.92 million, a PE ratio of -14.00 and a beta of 2.25.
Analysts Set New Price Targets
A number of equities analysts have issued reports on BTDR shares. Keefe, Bruyette & Woods began coverage on shares of Bitdeer Technologies Group in a report on Monday, January 27th. They issued an "outperform" rating and a $26.50 target price on the stock. Roth Mkm reissued a "buy" rating and issued a $23.50 price objective (down previously from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Northland Securities raised their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Rosenblatt Securities reduced their target price on Bitdeer Technologies Group from $25.00 to $12.00 and set a "buy" rating for the company in a report on Thursday. Finally, Needham & Company LLC cut their price objective on Bitdeer Technologies Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $19.70.
Check Out Our Latest Report on Bitdeer Technologies Group
About Bitdeer Technologies Group
(
Free Report)
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.
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