30,775 Shares in IREN Limited $IREN Purchased by KBC Group NV

KBC Group NV acquired a new position in IREN Limited (NASDAQ:IREN) in the 1st quarter, HoldingsChannel reports. The fund acquired 30,775 shares of the company’s stock, valued at approximately $1,055,000.

Other large investors have also modified their holdings of the company. Situational Awareness LP grew its stake in shares of IREN by 20.5% during the fourth quarter. Situational Awareness LP now owns 8,700,621 shares of the company’s stock valued at $328,622,000 after buying an additional 1,480,200 shares during the last quarter. Marex Group plc lifted its stake in shares of IREN by 14,216.7% during the 4th quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock worth $168,880,000 after acquiring an additional 4,440,032 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of IREN during the 4th quarter worth approximately $158,677,000. Clear Street Group Inc. purchased a new position in IREN during the 4th quarter valued at $137,075,000. Finally, Value Aligned Research Advisors LLC boosted its holdings in IREN by 10.9% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 3,621,974 shares of the company’s stock valued at $169,979,000 after acquiring an additional 355,826 shares during the period. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN Trading Down 8.6%

Shares of NASDAQ IREN opened at $37.07 on Friday. IREN Limited has a twelve month low of $14.72 and a twelve month high of $76.87. The firm has a market cap of $13.25 billion, a PE ratio of 77.23 and a beta of 4.27. The business has a fifty day simple moving average of $50.69 and a two-hundred day simple moving average of $47.60. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). The firm had revenue of $144.79 million for the quarter, compared to the consensus estimate of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. Analysts expect that IREN Limited will post -1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IREN. B. Riley Financial upped their price objective on IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. BTIG Research boosted their target price on shares of IREN to $80.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Jefferies Financial Group started coverage on shares of IREN in a research note on Thursday, June 18th. They issued a “buy” rating and a $79.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of IREN in a report on Tuesday. Finally, HC Wainwright boosted their price objective on shares of IREN from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, IREN currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s recent $2.8 billion in multi-year AI cloud contracts with customers including Microsoft and NVIDIA continues to support the bullish case, lifting its 2026 AI Cloud ARR target above $4 billion and reinforcing the company’s pivot from Bitcoin mining to AI infrastructure. Is IREN (IREN) Undervalued Following Its $2.8b AI Cloud Contract Win?
• Positive Sentiment: Market commentary on the AI trade has highlighted IREN as a beneficiary of renewed enthusiasm for AI infrastructure after Alphabet raised its AI capex outlook, which helped lift sentiment across names like IREN, Nebius, and CoreWeave. Nebius, CoreWeave, IREN Stocks Rises After Alphabet Raises AI Capex Forecast
• Positive Sentiment: Several recent articles frame IREN as a possible winner in the neocloud race, arguing that its owned-infrastructure model could be more defensible than some peers as hyperscaler demand grows. IREN Vs Nebius: Which Neocloud Should You Buy and Why?
• Neutral Sentiment: HC Wainwright kept a Buy rating and $90 price target on IREN, but the firm made mixed earnings revisions across future periods, with some estimates raised and others cut, which suggests analysts still see long-term upside but near-term execution risk. IREN Limited (NASDAQ: IREN) analyst coverage
• Neutral Sentiment: Short-interest data did not show a meaningful new bearish signal, with reported short interest effectively unchanged at zero shares, so this item is unlikely to be driving the move. IREN Limited (NASDAQ: IREN) short interest
• Negative Sentiment: The stock is also facing pressure from analyst forecast cuts for several future quarters and fiscal years, including lower EPS estimates for Q4 2026, Q1 2027, Q3 2027, Q4 2027, FY2026, and FY2027, reinforcing concerns that profitability may remain volatile during the AI buildout. IREN Limited (NASDAQ: IREN) analyst estimates

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.