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

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in IREN Limited (NASDAQ:IREN) by 32.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 43,860 shares of the company’s stock after selling 21,510 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in IREN were worth $1,793,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IREN. Situational Awareness LP raised its holdings in shares of IREN by 34.5% during the first quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock valued at $401,036,000 after acquiring an additional 2,998,214 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in IREN in the first quarter valued at $20,878,000. Triglav Investments D.O.O. bought a new stake in IREN in the first quarter valued at $871,000. Secure Asset Management LLC bought a new stake in IREN in the third quarter valued at $2,820,000. Finally, Cetera Investment Advisers raised its holdings in IREN by 27.8% in the 1st quarter. Cetera Investment Advisers now owns 300,029 shares of the company’s stock worth $10,285,000 after purchasing an additional 65,323 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $79.00 target price on shares of IREN in a research report on Friday, August 28th. Morgan Stanley cut shares of IREN to a “buy” rating in a research report on Wednesday, September 2nd. Citigroup reissued a “market outperform” rating on shares of IREN in a research note on Friday, August 28th. Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 price objective on shares of IREN in a report on Thursday, August 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of IREN in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.69.

IREN Price Performance

Shares of IREN stock opened at $24.46 on Wednesday. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of -10.45 and a beta of 4.33. The business’s fifty day moving average is $37.09 and its 200 day moving average is $44.11. IREN Limited has a twelve month low of $21.86 and a twelve month high of $76.87. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80.

IREN News Roundup

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 Company Profile

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.