Piar LLC Trims Stake in IREN Limited $IREN

Piar LLC lowered its position in IREN Limited (NASDAQ:IREN) by 59.8% in the 1st quarter, Holdings Channel reports. The fund owned 17,964 shares of the company’s stock after selling 26,695 shares during the quarter. Piar LLC’s holdings in IREN were worth $616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Marex Group plc boosted its position in shares of IREN by 14,216.7% during the fourth quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock valued at $168,880,000 after purchasing an additional 4,440,032 shares in the last quarter. BNP Paribas Financial Markets bought a new position in IREN in the fourth quarter worth $158,677,000. Clear Street Group Inc. bought a new position in IREN in the fourth quarter worth $137,075,000. Situational Awareness LP lifted its position in IREN by 90.1% during the second quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock valued at $93,254,000 after buying an additional 3,034,254 shares during the period. Finally, Quadrature Capital Ltd lifted its position in IREN by 1,022.2% during the fourth quarter. Quadrature Capital Ltd now owns 2,870,637 shares of the company’s stock valued at $108,424,000 after buying an additional 2,614,835 shares during the period. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN secured $2.8 billion in new AI cloud contracts, giving the company much stronger revenue visibility and helping validate its transition into a neocloud provider. Article Title
• Positive Sentiment: The company lifted its 2026 AI cloud ARR target to above $4 billion, signaling faster-than-expected momentum in its high-growth data center and AI infrastructure business. Article Title
• Positive Sentiment: Analysts and traders are betting the contract news could trigger a major revaluation, as it strengthens IREN’s pivot away from mining and toward recurring enterprise AI revenue. Article Title
• Neutral Sentiment: Recent commentary also highlighted that IREN remains highly volatile and still faces execution risks around capital spending, power availability, and data center buildout timelines. Article Title
• Negative Sentiment: One article noted that IREN had fallen sharply over the prior month before this announcement, underscoring how much investor sentiment had been depressed before the new deal wave. Article Title

Analysts Set New Price Targets

A number of research firms have recently weighed in on IREN. Freedom Capital raised shares of IREN from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. The Goldman Sachs Group reissued a “neutral” rating on shares of IREN in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of IREN from $39.00 to $46.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of IREN from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 7th. Finally, BTIG Research raised their target price on shares of IREN to $80.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.36.

IREN Price Performance

Shares of NASDAQ:IREN opened at $40.20 on Tuesday. IREN Limited has a 1-year low of $14.72 and a 1-year high of $76.87. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.72 and a quick ratio of 3.72. The business has a fifty day moving average price of $51.94 and a 200-day moving average price of $47.64. The company has a market capitalization of $14.37 billion, a PE ratio of 83.75 and a beta of 4.27.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The company had revenue of $144.79 million during the quarter, compared to analysts’ expectations of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. As a group, equities analysts expect that IREN Limited will post -1.25 EPS for the current fiscal year.

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.