CastleKnight Management LP Takes Position in Bitdeer Technologies Group (NASDAQ:BTDR)

CastleKnight Management LP purchased a new stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 74,400 shares of the company's stock, valued at approximately $1,612,000. CastleKnight Management LP owned approximately 0.07% of Bitdeer Technologies Group as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. 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 worth $93,000 after acquiring an additional 1,540 shares in the last quarter. Quarry LP acquired a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at about $42,000. Stonebridge Financial Group LLC acquired a new stake in shares of Bitdeer Technologies Group in the fourth quarter valued at about $65,000. SBI Securities Co. Ltd. bought a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at about $79,000. Finally, Quantbot Technologies LP acquired a new stake in Bitdeer Technologies Group during the 4th quarter valued at $116,000. 22.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BTDR. Needham & Company LLC dropped their price target on Bitdeer Technologies Group from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Benchmark dropped their price objective on Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Northland Securities lifted their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Roth Mkm reaffirmed a "buy" rating and set a $23.50 target price (down previously from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods began coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 price objective on the stock. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bitdeer Technologies Group has an average rating of "Buy" and an average price target of $19.50.

Bitdeer Technologies Group Stock Down 6.6 %

NASDAQ BTDR opened at $10.25 on Tuesday. The firm has a market cap of $1.15 billion, a P/E ratio of -19.71 and a beta of 2.24. Bitdeer Technologies Group has a 12-month low of $5.25 and a 12-month high of $26.99. The company's 50 day moving average is $9.60 and its 200-day moving average is $13.68.

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.

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