Secure Asset Management LLC Buys New Holdings in IREN Limited $IREN

Secure Asset Management LLC bought a new position in IREN Limited (NASDAQ:IREN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 68,981 shares of the company’s stock, valued at approximately $2,820,000.

Several other hedge funds also recently made changes to their positions in the company. Situational Awareness LP raised its holdings in IREN by 34.5% during the 1st quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock valued at $401,036,000 after buying an additional 2,998,214 shares during the last quarter. Swiss National Bank purchased a new stake in IREN during the 1st quarter valued at $33,032,000. Amundi grew its holdings in IREN by 3,865.8% in the 1st quarter. Amundi now owns 845,113 shares of the company’s stock worth $28,970,000 after acquiring an additional 823,803 shares during the last quarter. Bank of America Corp DE grew its holdings in IREN by 58.4% in the 1st quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock worth $73,312,000 after acquiring an additional 788,547 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in IREN in the 1st quarter worth $20,878,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN Price Performance

Shares of IREN stock opened at $27.73 on Tuesday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80. The company has a market cap of $10.93 billion, a PE ratio of -11.85 and a beta of 4.26. The business has a 50 day moving average of $40.84 and a 200 day moving average of $45.42. IREN Limited has a 52 week low of $26.55 and a 52 week high of $76.87.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN rebounded alongside other AI data-center companies after Goldman Sachs upgraded CoreWeave, helping restore confidence in the broader AI infrastructure trade following last week’s selloff. Stock Market Today, Oct. 19: IREN Rallies on AI Infrastructure Sentiment Rebound
• Positive Sentiment: Dip buyers returned to AI infrastructure stocks, lifting IREN, Nebius and other companies with power-backed data-center expansion plans. The rebound suggests investors still see long-term demand for AI computing capacity despite recent volatility. Nebius, IREN rally as dip buyers return to AI infrastructure stocks
• Positive Sentiment: Investors are considering whether IREN’s permitted and powered sites could become valuable if many announced data-center projects fail to secure electricity, permits or tenants. Scarcity of viable sites could benefit established operators. Mr. Wonderful’s Test for AI Data Center Stocks
• Neutral Sentiment: A reported Anthropic relationship has not fully reassured investors; the market’s reaction indicates continued uncertainty about the deal’s confirmation, economics and ability to offset IREN’s broader risks. Why Did IREN Stock Crash Despite the Reported Anthropic Deal?
• Negative Sentiment: Analysts continue to flag substantial capital requirements, leverage and near-term funding obligations as IREN expands its AI data-center business. Higher financing costs and competition could pressure returns and limit expansion. What Does IREN Funding Risk Mean For Its AI Data Center Expansion?

Analyst Ratings Changes

IREN has been the subject of several recent analyst reports. Freedom Capital raised shares of IREN from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Weiss Ratings raised IREN from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 13th. Canaccord Genuity Group reissued a “buy” rating and issued a $79.00 target price on shares of IREN in a research note on Friday, August 28th. Morgan Stanley downgraded IREN to a “buy” rating in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. upgraded IREN from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $65.00 in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, IREN presently has an average rating of “Moderate Buy” and a consensus target price of $81.13.

IREN Company 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.