IREN Limited $IREN Shares Bought by Integrity Alliance LLC.

Integrity Alliance LLC. grew its stake in shares of IREN Limited (NASDAQ:IREN) by 928.2% during the third quarter, HoldingsChannel reports. The firm owned 68,828 shares of the company’s stock after buying an additional 62,134 shares during the period. Integrity Alliance LLC.’s holdings in IREN were worth $2,814,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of IREN. GAMMA Investing LLC grew its stake in shares of IREN by 177.5% in the second quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock valued at $32,000 after buying an additional 442 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in IREN by 521.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,037 shares of the company’s stock worth $47,000 after acquiring an additional 870 shares in the last quarter. Hollencrest Capital Management lifted its position in IREN by 50.0% during the 1st quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock worth $36,000 after acquiring an additional 350 shares in the last quarter. MCF Advisors LLC boosted its holdings in IREN by 5,159.1% in the 2nd quarter. MCF Advisors LLC now owns 1,157 shares of the company’s stock worth $53,000 after acquiring an additional 1,135 shares during the period. Finally, Oslo Pensjonsforsikring AS purchased a new position in IREN in the 1st quarter worth approximately $59,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN Trading Down 11.2%

Shares of NASDAQ IREN opened at $21.71 on Thursday. The stock’s 50 day moving average price is $36.68 and its two-hundred day moving average price is $43.96. IREN Limited has a 52-week low of $21.05 and a 52-week high of $76.87. The stock has a market capitalization of $8.56 billion, a P/E ratio of -9.28 and a beta of 4.33. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IREN. Compass Point reaffirmed a “buy” rating and issued a $85.00 price objective on shares of IREN in a research report on Friday, August 28th. Needham & Company LLC reissued a “hold” rating on shares of IREN in a research report on Tuesday, July 21st. Rothschild & Co Redburn initiated coverage on shares of IREN in a research note on Monday, September 21st. They issued a “neutral” rating and a $40.00 target price for the company. Northland Securities initiated coverage on shares of IREN in a report on Friday, September 18th. They set an “outperform” rating and a $99.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of IREN in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, IREN has an average rating of “Moderate Buy” and a consensus price target of $77.69.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Bernstein maintained a Buy rating ahead of the fiscal first-quarter report, offering some support amid the selloff. IREN Stock Sinks 11%, but Bernstein Says Buy Ahead of Q1 Earnings — Here’s Why
• Neutral Sentiment: IREN is due to report fiscal Q1 2027 results on Nov. 5 after the market close. Investors will look for updates on AI customer demand, GPU deployments, financing, and the shift toward computing infrastructure. IREN’s AI Transformation Faces a Crucial Earnings Test
• Negative Sentiment: A report says Microsoft lowered data-center spending following delays by IREN. The news raises concerns about execution and the timing of infrastructure investment. Exclusive: Microsoft Lowered Data Center Spending Following Delays By Cloud Firm Iren
• Negative Sentiment: Investors are also concerned that election results could lead to tougher data-center rules or a moratorium in Texas, where IREN operates campuses. Such restrictions could delay projects and constrain future capacity. IREN Stock Slides as Midterm Results Raise Regulatory Fears
• Negative Sentiment: The Zacks consensus estimate calls for fiscal Q1 revenue of $219.95 million, down 8.46% year over year, adding pressure for the company to demonstrate that AI growth can offset weakness elsewhere. IREN to Report Q1 Earnings: Should You Buy, Sell or Hold the Stock?

IREN 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.