Teacher Retirement System of Texas Has $460,000 Stock Position in Bitdeer Technologies Group (NASDAQ:BTDR)

Teacher Retirement System of Texas boosted its stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 241.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,097 shares of the company's stock after buying an additional 36,819 shares during the period. Teacher Retirement System of Texas' holdings in Bitdeer Technologies Group were worth $460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trivest Advisors Ltd purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth approximately $48,481,000. Renaissance Technologies LLC raised its position in Bitdeer Technologies Group by 3,558.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock worth $26,876,000 after acquiring an additional 1,206,361 shares in the last quarter. Vident Advisory LLC increased its position in shares of Bitdeer Technologies Group by 29.7% in the fourth quarter. Vident Advisory LLC now owns 1,139,619 shares of the company's stock valued at $24,696,000 after buying an additional 260,649 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at $16,834,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Bitdeer Technologies Group by 216.8% during the first quarter. Exchange Traded Concepts LLC now owns 692,420 shares of the company's stock valued at $6,114,000 after acquiring an additional 473,865 shares during the last quarter. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Trading Down 0.4%

BTDR traded down $0.05 during trading on Friday, reaching $13.70. 5,338,980 shares of the company were exchanged, compared to its average volume of 5,259,657. The stock has a market cap of $1.53 billion, a P/E ratio of -3.36 and a beta of 2.22. The firm has a 50 day moving average of $13.26 and a 200 day moving average of $13.21. Bitdeer Technologies Group has a 52 week low of $5.40 and a 52 week high of $26.99.

Analyst Ratings Changes

A number of brokerages have issued reports on BTDR. Needham & Company LLC raised their price target on Bitdeer Technologies Group from $13.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. B. Riley decreased their price target on Bitdeer Technologies Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Benchmark restated a "buy" rating and issued a $24.00 price objective on shares of Bitdeer Technologies Group in a report on Monday, May 12th. Cantor Fitzgerald raised their price objective on Bitdeer Technologies Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Wall Street Zen upgraded Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $21.00.

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.