Cubist Systematic Strategies LLC Invests $1.17 Million in Bitdeer Technologies Group $BTDR

Cubist Systematic Strategies LLC acquired a new stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 132,224 shares of the company's stock, valued at approximately $1,168,000. Cubist Systematic Strategies LLC owned approximately 0.12% of Bitdeer Technologies Group at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC lifted its position in Bitdeer Technologies Group by 33.3% in the 1st quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company's stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Wells Fargo & Company MN increased its stake in Bitdeer Technologies Group by 56.4% in the 4th 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 during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Bitdeer Technologies Group in the 1st quarter valued at $55,000. Public Employees Retirement System of Ohio increased its stake in Bitdeer Technologies Group by 14.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,600 shares of the company's stock valued at $208,000 after buying an additional 1,200 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Bitdeer Technologies Group by 173.7% during the 4th quarter. Deutsche Bank AG now owns 16,525 shares of the company's stock worth $358,000 after purchasing an additional 10,488 shares during the last quarter. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Stock Performance

NASDAQ BTDR traded up $2.04 during trading on Friday, reaching $16.15. The company's stock had a trading volume of 9,420,408 shares, compared to its average volume of 3,764,562. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -3.44 and a beta of 2.23. Bitdeer Technologies Group has a 12 month low of $6.34 and a 12 month high of $26.99. The firm has a 50 day moving average price of $13.45 and a 200 day moving average price of $12.04.

Wall Street Analyst Weigh In

BTDR has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Bitdeer Technologies Group from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Cantor Fitzgerald restated an "overweight" rating and set a $23.00 price objective on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Rosenblatt Securities restated a "buy" rating and set a $20.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday, August 19th. Benchmark restated a "buy" rating on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Finally, Needham & Company LLC restated a "buy" rating and set a $17.00 price objective on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $20.80.

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.