SBI Securities Co. Ltd. Boosts Stock Position in Bitdeer Technologies Group (NASDAQ:BTDR)

SBI Securities Co. Ltd. grew its position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 507.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,002 shares of the company's stock after acquiring an additional 18,378 shares during the quarter. SBI Securities Co. Ltd.'s holdings in Bitdeer Technologies Group were worth $194,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BTDR. Stonebridge Financial Group LLC boosted its stake 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 purchasing an additional 1,000 shares during the period. Quarry LP bought a new position in shares of Bitdeer Technologies Group in the fourth quarter worth $42,000. Wells Fargo & Company MN lifted 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 purchasing an additional 1,540 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Bitdeer Technologies Group in the fourth quarter worth about $116,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Bitdeer Technologies Group during the 4th quarter valued at approximately $171,000. Institutional investors and hedge funds own 22.25% of the company's stock.

Bitdeer Technologies Group Trading Up 0.4%

Shares of NASDAQ BTDR traded up $0.05 during midday trading on Monday, hitting $13.75. The company's stock had a trading volume of 7,362,334 shares, compared to its average volume of 5,268,080. Bitdeer Technologies Group has a 1 year low of $5.40 and a 1 year high of $26.99. The business's fifty day simple moving average is $13.26 and its two-hundred day simple moving average is $13.15.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BTDR shares. B. Riley dropped their price target on shares of Bitdeer Technologies Group from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, July 10th. Cantor Fitzgerald increased their price objective on shares of Bitdeer Technologies Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Benchmark restated a "buy" rating and set a $24.00 price target on shares of Bitdeer Technologies Group in a research report on Monday, May 12th. Wall Street Zen upgraded shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Bitdeer Technologies Group in a research report on Monday, June 16th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $21.00.

Bitdeer Technologies Group 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.