IREN Limited $IREN Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its holdings in shares of IREN Limited (NASDAQ:IREN) by 32.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,860 shares of the company’s stock after selling 21,510 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in IREN were worth $1,793,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Situational Awareness LP lifted its holdings in shares of IREN by 34.5% in the 1st quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock worth $401,036,000 after acquiring an additional 2,998,214 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of IREN by 58.4% during the 1st quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock valued at $73,312,000 after purchasing an additional 788,547 shares during the last quarter. Swiss National Bank bought a new position in shares of IREN during the 1st quarter valued at $33,032,000. Amundi raised its position in IREN by 3,865.8% in the 1st quarter. Amundi now owns 845,113 shares of the company’s stock worth $28,970,000 after purchasing an additional 823,803 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in IREN in the 1st quarter worth $20,878,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on IREN shares. Rothschild & Co Redburn started coverage on shares of IREN in a research note on Monday, September 21st. They issued a “neutral” rating and a $40.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of IREN in a research note on Tuesday, July 21st. The Goldman Sachs Group reiterated a “neutral” rating on shares of IREN in a report on Monday, July 20th. Compass Point reissued a “buy” rating and issued a $85.00 target price on shares of IREN in a research note on Friday, August 28th. Finally, B. Riley Financial dropped their target price on IREN from $91.00 to $64.00 and set a “buy” rating for the company in a report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.69.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s AI infrastructure contracts point to a sizable revenue opportunity as it shifts toward AI cloud services and data-center development. Investors may look to the upcoming earnings report for evidence that GPU deployment and capacity expansion are progressing. IREN Stock Jumps Ahead of Fiscal Q1 2027 Earnings — Here’s Why
• Positive Sentiment: IREN participated in a broader rebound among AI data-center stocks following Monday’s selloff. The bounce appears to reflect relief and improved sector sentiment rather than a company-specific announcement. Cipher Digital Soars 9%, IREN Up 8% as AI Data Center Stocks Rebound After Selloff
• Neutral Sentiment: IREN objected to ICE/OKX’s tokenized trading of its shares without the company’s approval. The dispute concerns authorization and regulation of tokenized equities; the report does not indicate a direct change to IREN’s business outlook. IREN Objects to Tokenized Share Trading on New Blockchain Venue
• Negative Sentiment: The company’s ambitious AI buildout may require substantial funding, and its operating capacity and GPU deployment need to keep pace with its contracted opportunity. Investors may focus on financing needs and execution in the next earnings report. Before You Buy IREN Stock, Consider This Funding Gap

IREN Trading Up 11.1%

NASDAQ:IREN opened at $24.46 on Wednesday. The firm has a market capitalization of $9.64 billion, a P/E ratio of -10.45 and a beta of 4.33. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80. The company has a fifty day moving average of $37.09 and a 200 day moving average of $44.11. IREN Limited has a 52 week low of $21.86 and a 52 week high of $76.87.

About IREN

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.

IREN’s operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.

Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.