Wellington Management Group LLP Sells 5,588 Shares of Bitdeer Technologies Group (NASDAQ:BTDR)

Wellington Management Group LLP cut its holdings in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 25.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,635 shares of the company’s stock after selling 5,588 shares during the period. Wellington Management Group LLP’s holdings in Bitdeer Technologies Group were worth $130,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Bitdeer Technologies Group in the second quarter valued at about $272,000. Thomist Capital Management LP purchased a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth approximately $1,156,000. XTX Topco Ltd bought a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $276,000. Symmetry Investments LP bought a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $432,000. Finally, D1 Capital Partners L.P. purchased a new stake in Bitdeer Technologies Group during the second quarter valued at approximately $5,386,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $13.00 price target on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. B. Riley upped their target price on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday. Rosenblatt Securities raised their price target on Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Northland Securities upped their price objective on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an “outperform” 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $19.80.

Bitdeer Technologies Group Stock Up 13.0 %

Shares of BTDR opened at $20.49 on Friday. The stock’s 50-day moving average price is $12.53 and its 200-day moving average price is $9.78. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -39.40 and a beta of 2.27. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $25.51.

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.