Rep. Cleo Fields Buys IREN Limited (NASDAQ:IREN) Stock

Representative Cleo Fields (D-Louisiana) recently bought shares of IREN Limited (NASDAQ:IREN). In a filing disclosed on February 03rd, the Representative disclosed that they had bought between $50,001 and $100,000 in IREN stock on January 20th. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Meta Platforms (NASDAQ:META) on 1/20/2026.
• Purchased $50,001 – $100,000 in shares of Netflix (NASDAQ:NFLX) on 1/20/2026.
• Purchased $100,001 – $250,000 in shares of Alphabet (NASDAQ:GOOG) on 1/20/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 1/12/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 1/8/2026.
• Purchased $50,001 – $100,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/26/2025.
• Sold $50,001 – $100,000 in shares of IREN (NASDAQ:IREN) on 12/26/2025.
• Sold $1,001 – $15,000 in shares of Opendoor Technologies (NASDAQ:OPEN) on 12/26/2025.
• Purchased $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/15/2025.
• Sold $1,001 – $15,000 in shares of SoundHound AI (NASDAQ:SOUN) on 12/15/2025.

IREN Trading Down 17.4%

Shares of NASDAQ IREN opened at $44.94 on Thursday. The business has a fifty day moving average price of $46.78 and a 200 day moving average price of $42.27. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.52 and a quick ratio of 5.52. The stock has a market capitalization of $12.74 billion, a P/E ratio of 23.16 and a beta of 4.27.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). The business had revenue of $240.30 million for the quarter, compared to analysts’ expectations of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities research analysts expect that IREN Limited will post 0.43 EPS for the current fiscal year.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Broad partnership/AI narrative: Coverage suggests a Microsoft-related deal or AI partnership could materially accelerate IREN’s cloud/AI ambitions and revenue mix, fueling upside expectations. Iren Stock Could Explode After This Microsoft Deal
• Positive Sentiment: Strategic repositioning: Reports highlight IREN’s shift from bitcoin-mining roots toward an AI/cloud growth story, which could increase addressable market and valuation multiples if execution continues. IREN Recasts Bitcoin Mining Roots Into AI Cloud Growth Story
• Positive Sentiment: Undervalued AI transition thesis: Analysis argues the market hasn’t fully priced IREN’s AI transition, implying further upside if adoption/scale materializes. IREN: Why The AI Transition Still Isn’t Fully Priced In
• Positive Sentiment: Short-term positive momentum: Shares had been rising into the company’s fiscal earnings event, suggesting some investors were positioning for a beat or positive guidance. IREN (IREN) shares jump ahead of upcoming fiscal earnings release
• Neutral Sentiment: Scheduled earnings event: The company announced a quarterly earnings release date that created headline risk and heightened short-term volatility around guidance and metrics. IREN (IREN) to Release Quarterly Earnings on Thursday
• Neutral Sentiment: Valuation discussion: Coverage assessing IREN’s valuation after recent mixed results offers both upside scenarios (AI/cloud) and downside risks, leaving near-term direction dependent on upcoming financials and execution. Assessing IREN (IREN) Valuation After Strong Earnings And Volatile Share Price Performance
• Negative Sentiment: Recent earnings miss and metrics: The company previously missed EPS expectations and reported mixed revenue/margin figures, which underpins today’s selling pressure and explains elevated volatility despite growth commentary. (Background earnings release and figures referenced in market reports.)

Analyst Ratings Changes

A number of brokerages have commented on IREN. Citizens Jmp began coverage on shares of IREN in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of IREN in a research report on Monday, December 29th. Roth Mkm set a $94.00 price objective on IREN and gave the company a “buy” rating in a report on Monday, November 3rd. Compass Point reissued a “buy” rating and set a $105.00 target price on shares of IREN in a research note on Friday, November 7th. Finally, JMP Securities set a $80.00 price target on IREN in a research note on Wednesday, November 19th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.36.

Institutional Investors Weigh In On IREN

Several large investors have recently bought and sold shares of the stock. Situational Awareness LP boosted its stake in shares of IREN by 90.1% during the second quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock worth $93,254,000 after buying an additional 3,034,254 shares during the period. Hood River Capital Management LLC purchased a new stake in shares of IREN during the second quarter worth approximately $74,228,000. Value Aligned Research Advisors LLC increased its stake in IREN by 18.6% in the 3rd quarter. Value Aligned Research Advisors LLC now owns 3,873,337 shares of the company’s stock valued at $181,776,000 after buying an additional 607,189 shares during the period. Invesco Ltd. raised its position in IREN by 45.9% during the 2nd quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock worth $43,341,000 after buying an additional 936,333 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of IREN by 37.3% during the third quarter. UBS Group AG now owns 2,767,452 shares of the company’s stock worth $129,877,000 after acquiring an additional 751,635 shares during the period. Hedge funds and other institutional investors own 41.08% of the company’s stock.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana’s 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026.

Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor’s degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

About IREN

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.