IREN (NASDAQ:IREN) Stock Unloaded Rep. Cleo Fields

Representative Cleo Fields (D-Louisiana) recently sold shares of IREN Limited (NASDAQ:IREN). In a filing disclosed on January 16th, the Representative disclosed that they had sold between $50,001 and $100,000 in IREN stock on December 26th. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/26/2025.
• Sold $1,001 – $15,000 in shares of Opendoor Technologies (NASDAQ:OPEN) on 12/26/2025.
• Purchased $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/15/2025.
• Sold $1,001 – $15,000 in shares of SoundHound AI (NASDAQ:SOUN) on 12/15/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 12/15/2025.
• Sold $15,001 – $50,000 in shares of CoreWeave (NASDAQ:CRWV) on 12/11/2025.
• Sold $15,001 – $50,000 in shares of AT&T (NYSE:T) on 12/11/2025.
• Purchased $100,001 – $250,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 12/11/2025.
• Sold $50,001 – $100,000 in shares of ARM (NASDAQ:ARM) on 12/11/2025.

IREN Trading Down 1.6%

IREN stock traded down $0.91 during trading on Tuesday, hitting $56.91. The company had a trading volume of 21,032,129 shares, compared to its average volume of 38,182,008. The stock has a market cap of $16.13 billion, a PE ratio of 29.21 and a beta of 4.25. IREN Limited has a one year low of $5.13 and a one year high of $76.87. The company has a current ratio of 5.52, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $45.23 and a 200-day moving average of $39.26.

IREN (NASDAQ:IREN) last released its earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.48). The firm had revenue of $240.30 million during the quarter, compared to analyst estimates of $244.60 million. IREN had a net margin of 86.96% and a negative return on equity of 3.60%. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. Research analysts predict that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IREN has been the topic of several recent analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $75.00 price target on shares of IREN in a research note on Thursday, September 25th. Compass Point reaffirmed a “buy” rating and issued a $105.00 price target on shares of IREN in a research note on Friday, November 7th. Citizens Jmp started coverage on shares of IREN in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 target price for the company. JMP Securities set a $80.00 price target on IREN in a research note on Wednesday, November 19th. Finally, Canaccord Genuity Group increased their price objective on IREN from $42.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, IREN presently has an average rating of “Moderate Buy” and an average target price of $69.36.

Hedge Funds Weigh In On IREN

Hedge funds and other institutional investors have recently modified their holdings of the business. Hood River Capital Management LLC purchased a new stake in shares of IREN during the second quarter valued at approximately $74,228,000. Situational Awareness LP increased its position in shares of IREN by 90.1% during the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock valued at $93,254,000 after purchasing an additional 3,034,254 shares during the last quarter. Voloridge Investment Management LLC raised its stake in shares of IREN by 1,444.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,652,577 shares of the company’s stock worth $77,555,000 after purchasing an additional 1,545,579 shares during the period. Marshall Wace LLP raised its stake in shares of IREN by 247.7% during the 3rd quarter. Marshall Wace LLP now owns 2,032,397 shares of the company’s stock worth $95,380,000 after purchasing an additional 1,447,842 shares during the period. Finally, Merewether Investment Management LP purchased a new position in shares of IREN in the 2nd quarter worth about $21,025,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana’s 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026.

Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor’s degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

About IREN

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.