Sanctuary Advisors LLC Purchases Shares of 35,076 Bitdeer Technologies Group (NASDAQ:BTDR)

Sanctuary Advisors LLC acquired a new position in Bitdeer Technologies Group (NASDAQ:BTDR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,076 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC bought a new stake in Bitdeer Technologies Group in the 3rd quarter worth approximately $161,000. Geode Capital Management LLC raised its stake in shares of Bitdeer Technologies Group by 14.6% during the third quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock worth $2,886,000 after acquiring an additional 46,968 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $66,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Bitdeer Technologies Group by 96.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,328 shares of the company’s stock valued at $347,000 after purchasing an additional 21,798 shares in the last quarter. Finally, State Street Corp bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at $1,510,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ BTDR opened at $23.65 on Friday. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.24. The stock has a market capitalization of $2.65 billion, a P/E ratio of -45.48 and a beta of 2.27. The company’s 50-day moving average is $14.03 and its 200 day moving average is $10.34.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BTDR shares. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Alliance Global Partners started coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price objective for the company. Rosenblatt Securities raised their target price on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, HC Wainwright lifted their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.