Yahoo Finance With a 76% stake, Bitdeer Technologies Group (NASDAQ:BTDR) insiders have a lot riding on the company
Key Insights
Insiders appear to have a vested interest in Bitdeer Technologies Group's growth, as seen by their sizeable ownership
The top 2 shareholders own 57% of the company
Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
If you want to know who really controls Bitdeer Technologies Group (NASDAQ:BTDR), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 76% to be precise, is individual insiders. Put another way, the group faces the maximum upside potential (or downside risk).
So it follows, every decision made by insiders of Bitdeer Technologies Group regarding the company's future would be crucial to them.
Let's delve deeper into each type of owner of Bitdeer Technologies Group, beginning with the chart below.
Check out our latest analysis for Bitdeer Technologies Group
What Does The Institutional Ownership Tell Us About Bitdeer Technologies Group?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
As you can see, institutional investors have a fair amount of stake in Bitdeer Technologies Group. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Bitdeer Technologies Group's historic earnings and revenue below, but keep in mind there's always more to the story.
We note that hedge funds don't have a meaningful investment in Bitdeer Technologies Group. Looking at our data, we can see that the largest shareholder is Jihan Wu with 44% of shares outstanding. Zhaofeng Zhao is the second largest shareholder owning 14% of common stock, and Yuesheng Ge holds about 9.2% of the company stock.
To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.
Insider Ownership Of Bitdeer Technologies Group
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own the majority of Bitdeer Technologies Group. This means they can collectively make decisions for the company. Given it has a market cap of US$416m, that means they have US$315m worth of shares. Most would be pleased to see the board is investing alongside them. You may wish todiscover (for free) if they have been buying or selling.
General Public Ownership
With a 18% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Bitdeer Technologies Group. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Bitdeer Technologies Group better, we need to consider many other factors. For instance, we've identified 2 warning signs for Bitdeer Technologies Group that you should be aware of.
If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
