20,000 Shares in IREN Limited $IREN Purchased by Parametrica Management Ltd

Parametrica Management Ltd purchased a new stake in IREN Limited (NASDAQ:IREN) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 20,000 shares of the company’s stock, valued at approximately $818,000. IREN accounts for about 0.6% of Parametrica Management Ltd’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IREN. Allworth Financial LP boosted its holdings in shares of IREN by 4.4% in the 2nd quarter. Allworth Financial LP now owns 7,162 shares of the company’s stock valued at $328,000 after buying an additional 305 shares in the last quarter. Versant Capital Management Inc grew its position in shares of IREN by 14.5% in the 2nd quarter. Versant Capital Management Inc now owns 2,509 shares of the company’s stock valued at $115,000 after buying an additional 317 shares during the last quarter. Hollencrest Capital Management grew its position in shares of IREN by 50.0% in the 1st quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock valued at $36,000 after buying an additional 350 shares during the last quarter. WealthPlan Investment Management LLC grew its position in shares of IREN by 3.7% in the 3rd quarter. WealthPlan Investment Management LLC now owns 11,190 shares of the company’s stock valued at $457,000 after buying an additional 404 shares during the last quarter. Finally, Ascent Wealth Partners LLC raised its stake in IREN by 2.6% during the 3rd quarter. Ascent Wealth Partners LLC now owns 15,866 shares of the company’s stock worth $649,000 after acquiring an additional 404 shares in the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IREN. The Goldman Sachs Group reissued a “neutral” rating on shares of IREN in a research report on Monday, July 20th. Compass Point restated a “buy” rating and issued a $85.00 price objective on shares of IREN in a research note on Friday, August 28th. HC Wainwright reaffirmed a “buy” rating and set a $90.00 price objective on shares of IREN in a report on Friday, August 28th. BTIG Research reaffirmed a “buy” rating and set a $80.00 price objective on shares of IREN in a report on Monday, September 14th. Finally, Freedom Capital upgraded IREN from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.79.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Renewed enthusiasm surrounding Anthropic’s reported public IPO filing has boosted interest in AI “neocloud” companies, including IREN. Investors are again focusing on demand for data-center capacity, GPUs and cloud services. IREN Rises as AI Infrastructure Stocks Rebound on Anthropic IPO Buzz
• Positive Sentiment: IREN’s previously disclosed AI infrastructure contracts, capacity expansion and shift away from bitcoin mining continue to support the long-term growth narrative. Several analysts maintain Buy ratings, while published price targets remain substantially above the current trading range. IREN Limited Fell by 33% in 2026 But 3 Analysts Believe It Will Nearly Quadruple in Price From Here
• Neutral Sentiment: Investor positioning may be influenced by IREN’s scheduled fiscal first-quarter 2027 results on November 5, when the market will seek evidence that AI demand, new capacity and customer contracts can translate into revenue and cash flow. IREN Stock Jumps on October 27 — Here’s Why
• Negative Sentiment: Risks remain centered on IREN’s capital-intensive expansion and debt exposure. Elon Musk’s warning that heavily leveraged neocloud companies could face consolidation intensified concerns about financing costs, collateral values and whether future AI cash flows will justify large capital expenditures. Neocloud stocks fall as Elon Musk says more than 200 face consolidation

IREN Price Performance

Shares of IREN stock opened at $27.44 on Wednesday. The firm’s fifty day simple moving average is $38.76 and its 200-day simple moving average is $44.73. IREN Limited has a 12 month low of $23.72 and a 12 month high of $76.87. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of -11.73 and a beta of 4.26.

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.