31,273 Shares of IREN Limited $IREN Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new stake in shares of IREN Limited (NASDAQ:IREN) during the third quarter, Holdings Channel reports. The fund bought 31,273 shares of the company’s stock, valued at approximately $1,278,000.

Several other large investors have also modified their holdings of IREN. Context Capital Management LLC purchased a new stake in shares of IREN in the 3rd quarter worth approximately $13,556,000. AlphaCore Capital LLC boosted its stake in shares of IREN by 36.5% during the third quarter. AlphaCore Capital LLC now owns 13,354 shares of the company’s stock valued at $546,000 after purchasing an additional 3,570 shares in the last quarter. Clear Wave Wealth Management LLC purchased a new position in IREN during the third quarter valued at approximately $247,000. StoneX Group Inc. increased its holdings in IREN by 79.8% during the third quarter. StoneX Group Inc. now owns 91,069 shares of the company’s stock valued at $3,551,000 after buying an additional 40,431 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in IREN by 6.4% during the third quarter. Pictet Asset Management Holding SA now owns 130,947 shares of the company’s stock valued at $5,353,000 after buying an additional 7,869 shares during the period. Institutional investors own 41.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on IREN shares. UBS Group reissued an “overweight” rating on shares of IREN in a research note on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $79.00 target price on shares of IREN in a research report on Friday, August 28th. JPMorgan Chase & Co. cut their price target on IREN from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday. B. Riley Financial reduced their price target on IREN from $91.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Finally, Cantor Fitzgerald reduced their price target on IREN from $99.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, IREN has an average rating of “Moderate Buy” and a consensus price target of $64.57.

IREN Stock Performance

IREN stock opened at $19.48 on Friday. IREN Limited has a one year low of $17.16 and a one year high of $70.71. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of -4.77 and a beta of 4.33. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a 50-day simple moving average of $34.52 and a two-hundred day simple moving average of $42.94.

IREN (NASDAQ:IREN) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.06. IREN had a negative net margin of 194.36% and a negative return on equity of 16.36%. The firm had revenue of $228.00 million for the quarter, compared to the consensus estimate of $228.26 million. On average, equities analysts forecast that IREN Limited will post 0.64 EPS for the current fiscal year.

IREN News Summary

Here’s some of the latest news about IREN:

• Positive Sentiment: IREN says its Horizon 1 data center delivered 22% faster than the industry benchmark, and Microsoft accepted the project in August. This is evidence of execution, although later phases remain important for growth. IREN says Horizon 1 delivered 22% faster than industry benchmark
• Neutral Sentiment: Google’s planned investment in Nordic data centers highlights growing interest in regions with abundant power and supportive permitting. That could reinforce the appeal of IREN’s broader market, but the report does not announce a deal with IREN. Google’s $13 Billion Nordic Bet Points to a New Global Front in the AI Power Race
• Negative Sentiment: IREN’s next revenue milestones are delayed: Horizons 2–4 slipped after a network redesign and are not expected to contribute materially until early 2027. That pushes out the payoff from its buildout. IREN says Horizon 1 delivered 22% faster than industry benchmark

About IREN

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs. Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas. IREN has emphasized developing facilities with access to renewable energy.