Bitdeer Technologies Group (NASDAQ:BTDR) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 56.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,270 shares of the company’s stock after purchasing an additional 1,540 shares during the quarter. Wells Fargo & Company MN’s holdings in Bitdeer Technologies Group were worth $93,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in Bitdeer Technologies Group during the fourth quarter worth $65,000. SBI Securities Co. Ltd. acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter worth $79,000. Quantbot Technologies LP acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter worth $116,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group in the third quarter worth $161,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter worth $171,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Bitdeer Technologies Group Trading Up 0.4%

Shares of Bitdeer Technologies Group stock opened at $14.18 on Tuesday. The business’s 50 day simple moving average is $9.73 and its 200-day simple moving average is $13.85. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -27.27 and a beta of 2.24. Bitdeer Technologies Group has a twelve month low of $5.25 and a twelve month high of $26.99.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BTDR shares. Needham & Company LLC dropped their target price on Bitdeer Technologies Group from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, April 21st. HC Wainwright restated a “buy” rating and set a $21.00 price objective (down previously from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Rosenblatt Securities upped their price objective on Bitdeer Technologies Group from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods assumed coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They set an “outperform” rating and a $26.50 price target on the stock. Finally, Benchmark reiterated a “buy” rating and set a $24.00 price target on shares of Bitdeer Technologies Group in a research report on Monday. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $19.80.

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.