IREN (NASDAQ:IREN) Shares 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 Stock Performance

Shares of IREN stock opened at $57.72 on Tuesday. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 29.75 and a beta of 4.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52. IREN Limited has a one year low of $5.13 and a one year high of $76.87. The company’s 50-day moving average is $45.23 and its 200 day moving average is $39.26.

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

Hedge Funds Weigh In On IREN

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Formidable Asset Management LLC raised its holdings in IREN by 24.4% during the fourth quarter. Formidable Asset Management LLC now owns 31,536 shares of the company’s stock worth $1,191,000 after purchasing an additional 6,186 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in IREN in the fourth quarter worth $57,000. Spire Wealth Management boosted its stake in shares of IREN by 25.8% during the 4th quarter. Spire Wealth Management now owns 8,655 shares of the company’s stock worth $327,000 after acquiring an additional 1,775 shares in the last quarter. Avaii Wealth Management LLC grew its holdings in IREN by 208.9% in the fourth quarter. Avaii Wealth Management LLC now owns 145,767 shares of the company’s stock valued at $5,506,000 after purchasing an additional 98,581 shares during the last quarter. Finally, Benin Management CORP purchased a new position in IREN during the 4th quarter valued at about $211,000. 41.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IREN shares. Citigroup assumed coverage on IREN in a report on Wednesday, November 19th. They issued an “outperform” rating on the stock. Roth Capital set a $94.00 price objective on IREN and gave the stock a “buy” rating in a research note on Monday, November 3rd. Zacks Research upgraded IREN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Wall Street Zen upgraded shares of IREN from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, The Goldman Sachs Group started coverage on IREN in a research note on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.36.

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.

IREN Company Profile

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.