Rep. Cleo Fields Purchases Shares of IREN Limited (NASDAQ:IREN)

Representative Cleo Fields (D-Louisiana) recently bought shares of IREN Limited (NASDAQ:IREN). In a filing disclosed on October 30th, the Representative disclosed that they had bought between $1,001 and $15,000 in IREN stock on October 10th. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

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

• Purchased $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOG) on 10/10/2025.
• Purchased $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 10/10/2025.
• Purchased $1,001 – $15,000 in shares of CoreWeave (NASDAQ:CRWV) on 10/10/2025.
• Purchased $15,001 – $50,000 in shares of Palantir Technologies (NASDAQ:PLTR) on 10/10/2025.
• Purchased $1,001 – $15,000 in shares of CoreWeave (NASDAQ:CRWV) on 10/9/2025.
• Purchased $15,001 – $50,000 in shares of Oracle (NYSE:ORCL) on 9/23/2025.
• Purchased $1,001 – $15,000 in shares of Opendoor Technologies (NASDAQ:OPEN) on 9/19/2025.
• Purchased $15,001 – $50,000 in shares of Oracle (NYSE:ORCL) on 9/18/2025.
• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 9/17/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 9/17/2025.

IREN Stock Up 4.3%

IREN stock opened at $60.75 on Friday. The stock has a market capitalization of $16.52 billion, a PE ratio of 102.97 and a beta of 4.19. IREN Limited has a 12 month low of $5.13 and a 12 month high of $74.15. The business has a 50 day simple moving average of $45.46 and a 200-day simple moving average of $23.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.29 and a quick ratio of 4.29.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $187.30 million during the quarter, compared to analysts’ expectations of $187.51 million. IREN had a return on equity of 1.34% and a net margin of 33.03%. On average, analysts anticipate that IREN Limited will post 0.43 EPS for the current fiscal year.

Insider Transactions at IREN

In other IREN news, CEO Daniel John Roberts sold 1,000,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $33.13, for a total value of $33,130,000.00. Following the sale, the chief executive officer owned 13,989,696 shares of the company’s stock, valued at $463,478,628.48. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on IREN from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Roth Capital reissued a “buy” rating and set a $35.00 price objective on shares of IREN in a research note on Friday, August 29th. Compass Point assumed coverage on IREN in a research note on Monday, September 15th. They set a “buy” rating on the stock. Wall Street Zen raised IREN from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, BTIG Research boosted their price objective on IREN from $32.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $55.27.

Hedge Funds Weigh In On IREN

Large investors have recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new stake in IREN in the 2nd quarter valued at about $6,877,000. Aurelius Capital Management LP acquired a new stake in IREN in the 1st quarter valued at about $311,000. Balefire LLC acquired a new stake in IREN in the 2nd quarter valued at about $1,214,000. Hartline Investment Corp acquired a new stake in IREN in the 2nd quarter valued at about $228,000. Finally, Maridea Wealth Management LLC raised its position in IREN by 57.1% in the 1st quarter. Maridea Wealth Management LLC now owns 320,167 shares of the company’s stock valued at $1,950,000 after purchasing an additional 116,408 shares in the last quarter. Institutional investors and hedge funds 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.

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.