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

Representative Cleo Fields (D-Louisiana) recently bought shares of IREN Limited (NASDAQ:IREN). In a filing disclosed on December 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in IREN stock on December 9th. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

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

• 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.
• Sold $50,001 – $100,000 in shares of Uber Technologies (NYSE:UBER) on 12/11/2025.
• Purchased $50,001 – $100,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/9/2025.

IREN Stock Up 11.5%

IREN traded up $4.12 during trading hours on Friday, hitting $39.92. 30,449,679 shares of the company’s stock were exchanged, compared to its average volume of 36,131,336. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 20.58 and a beta of 4.23. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87. The stock’s 50-day moving average is $52.41 and its two-hundred day moving average is $33.89. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34.

Institutional Trading of IREN

Several institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in shares of IREN during the 3rd quarter worth approximately $25,000. Quarry LP acquired a new stake in IREN during the 1st quarter valued at $40,000. Allianz SE acquired a new stake in IREN during the 3rd quarter valued at $57,000. Sherman Asset Management Inc. bought a new position in IREN during the third quarter worth $59,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of IREN by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock valued at $66,000 after purchasing an additional 1,839 shares during the last quarter. Institutional investors own 41.08% of the company’s stock.

Wall Street Analysts Forecast Growth

IREN has been the subject of several analyst reports. Cantor Fitzgerald raised their price objective on IREN from $27.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Roth Capital set a $94.00 price target on IREN and gave the company a “buy” rating in a research note on Monday, November 3rd. JMP Securities set a $80.00 price target on IREN in a research report on Wednesday, November 19th. Zacks Research upgraded IREN from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, BTIG Research raised their target price on shares of IREN from $32.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.64.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Major contract & capital raise bolster growth outlook — Seeking Alpha highlights a potential $9.7 billion Microsoft contract, IREN’s target of ~$3.4B ARR by 2026 while using only a fraction of its power pipeline, and a recent $4B capital raise to fund GPUs and buildout. These are clear catalysts supporting revenue visibility and execution of AI data-center demand. IREN: Big Contract Catalyst
• Positive Sentiment: Analyst upgrade reduces near-term downside risk — Zacks moved IREN from “strong sell” to “hold,” which may help stabilize investor sentiment after recent volatility and supports the stock’s recovery narrative. Zacks upgrade coverage
• Neutral Sentiment: Goldman Sachs starts coverage with a neutral rating and $39 PT — initiation is not a buy and implies limited upside from current levels, so it likely tempers some of the upside from operational catalysts without adding fresh conviction. Goldman Sachs initiation
• Negative Sentiment: Analyst omission drove near-term selling pressure — A broader data-center analyst report named two preferred buys and left IREN off the top picks list, contributing to recent weakness as momentum players rotated to favorites. This explains some of the intraweek clobbering noted in coverage. Why Iren Stock Was Getting Clobbered This Week

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.