127,865 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 127,865 shares of the company's stock, valued at approximately $2,771,000. Squarepoint Ops LLC owned approximately 0.11% of Bitdeer Technologies Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in Bitdeer Technologies Group during the 4th quarter worth approximately $42,000. Stonebridge Financial Group LLC acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $65,000. SBI Securities Co. Ltd. purchased a new position in Bitdeer Technologies Group in the 4th quarter worth $79,000. Wells Fargo & Company MN lifted its position in Bitdeer Technologies Group by 56.4% during the 4th 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 during the period. Finally, Quantbot Technologies LP acquired a new stake in Bitdeer Technologies Group during the 4th quarter worth about $116,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Benchmark restated a "buy" rating and issued a $24.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, May 12th. B. Riley increased their price target on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday. Needham & Company LLC lifted their price objective on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, May 16th. HC Wainwright reaffirmed a "buy" rating and issued a $21.00 price objective (down from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Finally, Rosenblatt Securities raised their target price on shares of Bitdeer Technologies Group from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Bitdeer Technologies Group currently has an average rating of "Buy" and an average price target of $19.60.

Bitdeer Technologies Group Price Performance

BTDR stock traded down $1.41 during mid-day trading on Friday, reaching $12.90. 6,561,054 shares of the company's stock were exchanged, compared to its average volume of 4,984,232. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -24.81 and a beta of 2.24. Bitdeer Technologies Group has a 12-month low of $5.40 and a 12-month high of $26.99. The stock's 50 day moving average is $10.87 and its 200 day moving average is $14.38.

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.