192,882 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Bought by State Street Corp

State Street Corp acquired a new stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 192,882 shares of the company's stock, valued at approximately $1,510,000. State Street Corp owned about 0.17% of Bitdeer Technologies Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BTDR. Charles Schwab Investment Management Inc. grew 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 last quarter. Millennium Management LLC grew its stake in shares of Bitdeer Technologies Group by 901.0% in the second quarter. Millennium Management LLC now owns 410,359 shares of the company's stock worth $4,210,000 after purchasing an additional 369,363 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in shares of Bitdeer Technologies Group in the third quarter worth $5,872,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bitdeer Technologies Group in the third quarter valued at $220,000. Finally, Quadrature Capital Ltd bought a new position in Bitdeer Technologies Group during the 3rd quarter worth $285,000. Institutional investors own 22.25% of the company's stock.

Analyst Upgrades and Downgrades

BTDR has been the subject of several recent research reports. Rosenblatt Securities increased their price target 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. Needham & Company LLC reissued a "buy" rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Cantor Fitzgerald restated an "overweight" rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a "buy" rating and a $14.00 price objective for the company. Finally, Northland Securities boosted their target price on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bitdeer Technologies Group currently has an average rating of "Buy" and an average target price of $19.80.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ BTDR traded up $3.23 during trading on Friday, hitting $26.10. 8,197,264 shares of the company traded hands, compared to its average volume of 7,682,182. The business's fifty day moving average is $15.16 and its 200 day moving average is $10.69. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -50.19 and a beta of 2.27. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.24.

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.