IREN Limited $IREN Stock: Sumitomo Mitsui Trust Group Inc. Decreases Holdings

Sumitomo Mitsui Trust Group Inc. lessened its holdings in IREN Limited (NASDAQ:IREN) by 10.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 652,415 shares of the company’s stock after selling 77,748 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in IREN were worth $26,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of IREN during the 3rd quarter worth about $13,440,000. Vise Technologies Inc. boosted its position in shares of IREN by 48.9% during the 3rd quarter. Vise Technologies Inc. now owns 6,620 shares of the company’s stock valued at $271,000 after acquiring an additional 2,173 shares in the last quarter. Choreo LLC boosted its position in shares of IREN by 41.2% during the 3rd quarter. Choreo LLC now owns 9,586 shares of the company’s stock valued at $392,000 after acquiring an additional 2,795 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of IREN by 9.2% during the 3rd quarter. D.A. Davidson & CO. now owns 5,757 shares of the company’s stock valued at $235,000 after acquiring an additional 485 shares in the last quarter. Finally, North Dakota State Investment Board increased its stake in IREN by 6.4% in the third quarter. North Dakota State Investment Board now owns 10,139 shares of the company’s stock valued at $414,000 after acquiring an additional 614 shares during the period. Institutional investors own 41.08% of the company’s stock.

Analyst Upgrades and Downgrades

IREN has been the subject of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating on shares of IREN in a research report on Monday, July 20th. BTIG Research reaffirmed a “buy” rating and set a $80.00 price objective on shares of IREN in a report on Monday, September 14th. Weiss Ratings lowered IREN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, October 28th. HC Wainwright restated a “buy” rating and set a $90.00 target price on shares of IREN in a research report on Friday, August 28th. Finally, Morgan Stanley lowered IREN to a “buy” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.69.

IREN Stock Down 17.0%

Shares of NASDAQ:IREN opened at $18.03 on Friday. The company’s fifty day moving average is $36.25 and its 200-day moving average is $43.77. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55. IREN Limited has a 52 week low of $17.16 and a 52 week high of $75.79. The company has a market capitalization of $7.10 billion, a PE ratio of -7.71 and a beta of 4.33.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN reported fiscal Q1 2027 adjusted results with a loss of $0.66 per share, better than analysts’ expected $0.72 loss. Revenue was about $228 million, essentially in line with estimates, while AI cloud revenue nearly tripled to roughly $200 million. IREN Stock Pops After Q1 AI Cloud Revenue Nearly Triples to $200 Million
• Neutral Sentiment: Reports described a post-earnings bounce as investors focused on the rapid AI cloud growth, but the broader reaction remained clouded by delivery and timing concerns. Neocloud firm IREN tops quarterly revenue estimates, shares jump
• Negative Sentiment: IREN pushed its more than $4 billion annualized revenue target from 2026 to January, citing a customer request. The delay raised concerns about when planned AI infrastructure will begin generating revenue. Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request
• Negative Sentiment: Reports said Microsoft had concerns about delays and costs on some IREN data-center projects, tightened oversight, and declined extensions on certain builds. Those reports triggered worries about execution and customer concentration. IREN draws tighter oversight on neocloud data center projects
• Negative Sentiment: Investors also faced uncertainty over Texas permitting and power development, particularly for capacity that has not yet secured customers. These risks add to concerns that project delays could postpone growth. Riot’s $28B Lease Shows Why Location and Contracts Matter in AI

About IREN

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.