Sanctuary Advisors LLC Buys Shares of 35,076 Bitdeer Technologies Group (NASDAQ:BTDR)

Sanctuary Advisors LLC purchased a new position in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,076 shares of the company's stock, valued at approximately $275,000.

A number of other large investors have also added to or reduced their stakes in the company. Mirabella Financial Services LLP bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $5,872,000. D1 Capital Partners L.P. purchased a new position in Bitdeer Technologies Group during the 2nd quarter valued at $5,386,000. Marshall Wace LLP bought a new position in Bitdeer Technologies Group in the 2nd quarter worth $5,074,000. Point72 Asset Management L.P. purchased a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth about $4,617,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Bitdeer Technologies Group during the 2nd quarter valued at about $4,510,000. Institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock traded down $0.81 during mid-day trading on Friday, reaching $23.65. The stock had a trading volume of 6,907,670 shares, compared to its average volume of 3,104,655. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.24. The company has a 50-day moving average price of $14.03 and a two-hundred day moving average price of $10.35. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of -45.48 and a beta of 2.27.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BTDR shares. Alliance Global Partners started coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price objective for the company. Rosenblatt Securities raised their target price on Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Roth Mkm upped their price target on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. B. Riley increased their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Northland Capmk upgraded shares of Bitdeer Technologies Group to a "strong-buy" rating in a report on Wednesday, October 9th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $19.80.

About Bitdeer Technologies Group

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.