364,011 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Acquired by Himension Capital Singapore PTE. LTD.

Himension Capital Singapore PTE. LTD. bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 364,011 shares of the company’s stock, valued at approximately $7,888,000. Bitdeer Technologies Group accounts for about 0.5% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 21st biggest holding. Himension Capital Singapore PTE. LTD. owned about 0.33% of Bitdeer Technologies Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Bitdeer Technologies Group by 281.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock valued at $1,933,000 after purchasing an additional 182,110 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Bitdeer Technologies Group during the 3rd quarter valued at about $169,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bitdeer Technologies Group during the third quarter valued at about $220,000. Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group in the third quarter worth about $91,000. Finally, Quadrature Capital Ltd bought a new position in shares of Bitdeer Technologies Group in the third quarter valued at approximately $285,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Wall Street Analyst Weigh In

BTDR has been the topic of a number of analyst reports. 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 report on Wednesday, February 26th. Needham & Company LLC lowered their price objective on Bitdeer Technologies Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Benchmark reduced their target price 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 raised their price target on Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, HC Wainwright reissued a “buy” rating and set a $21.00 price objective (down previously from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Buy” and a consensus price target of $21.00.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $8.03 on Friday. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.99. The stock has a 50 day simple moving average of $12.73 and a two-hundred day simple moving average of $13.47. The firm has a market cap of $899.09 million, a P/E ratio of -15.44 and a beta of 2.25.

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.