Allianz Asset Management GmbH Sells 706,042 Shares of IREN Limited $IREN

Allianz Asset Management GmbH reduced its position in IREN Limited (NASDAQ:IREN) by 95.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,300 shares of the company’s stock after selling 706,042 shares during the quarter. Allianz Asset Management GmbH’s holdings in IREN were worth $1,469,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IREN. Vanguard Personalized Indexing Management LLC grew its stake in shares of IREN by 16.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,160 shares of the company’s stock valued at $308,000 after buying an additional 2,952 shares during the last quarter. Hartline Investment Corp purchased a new position in IREN during the 2nd quarter valued at $228,000. Chicago Partners Investment Group LLC grew its position in IREN by 14.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 75,508 shares of the company’s stock valued at $1,100,000 after acquiring an additional 9,492 shares during the last quarter. Drive Wealth Management LLC grew its position in IREN by 3.0% in the 2nd quarter. Drive Wealth Management LLC now owns 40,924 shares of the company’s stock valued at $596,000 after acquiring an additional 1,179 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in IREN in the second quarter worth $255,000. Institutional investors own 41.08% of the company’s stock.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Added to the MSCI USA Index effective Feb. 27, which should boost passive/institutional demand and support liquidity for the stock. IREN Added to MSCI USA Index
• Positive Sentiment: Reports that major banks (Goldman, JPMorgan) are part of a large ~ $3.6B credit facility to fund GPU expansion — a clear vote of confidence that reduces dilution risk and funds the AI pivot. IREN Bounces Back: The Market Votes Yes as Big Banks Step In
• Positive Sentiment: Execution progress: IREN says it has >4.5 GW of secured capacity and has nearly 95% funding secured for the $9.7B Microsoft AI contract; Q2 showed strong AI services revenue growth (large percentage gains from a small base). This supports longer‑term ARR expansion potential. IREN: Execution De‑Risk And Secured Capacity Drives Growth
• Positive Sentiment: Brokerage support: Canaccord reaffirmed a “Buy” and coverage notes (and Cantor Fitzgerald framed the post‑earnings dip as a buying opportunity), which can attract more institutional buyers. Canaccord Genuity Group Reaffirms Buy for IREN Cantor Fitzgerald view
• Neutral Sentiment: Analyst/earnings expectations and market commentary remain mixed; some outlets highlight institutional accumulation and a potential rerating if AI revenue ramps, while sell‑side models still flag execution and margin risk. Equities Analysts Set Expectations for IREN Q3
• Negative Sentiment: Q2 results contained headline misses: EPS and revenue fell short of consensus, and investor reaction included a sharp sell‑off earlier in the month — retail sentiment on social platforms cooled as traders dissected the quarter. That short‑term skepticism drove volatility. IREN Drops 14% as Bitcoin Mining Revenue Falls to $167 Million
• Neutral Sentiment: Short‑interest reports in this data set are inconsistent/ambiguous (published figures show zeros/NaN), so while some headlines claim rising short interest, the data provided here is not actionable. Investors should check official exchange short‑interest releases.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IREN shares. JPMorgan Chase & Co. boosted their target price on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of IREN in a research report on Monday, December 29th. Citigroup began coverage on shares of IREN in a research note on Wednesday, November 19th. They issued an “outperform” rating on the stock. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 13th. Finally, Zacks Research upgraded IREN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, IREN currently has an average rating of “Moderate Buy” and a consensus target price of $72.29.

IREN Price Performance

Shares of IREN opened at $42.31 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. The company has a 50 day moving average price of $46.28 and a 200-day moving average price of $43.28. IREN Limited has a fifty-two week low of $5.13 and a fifty-two week high of $76.87. The stock has a market capitalization of $11.99 billion, a PE ratio of 31.81 and a beta of 4.27.

IREN (NASDAQ:IREN) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). The business had revenue of $184.69 million during the quarter, compared to the consensus estimate of $229.64 million. IREN had a negative return on equity of 10.01% and a net margin of 56.59%.IREN’s revenue for the quarter was down 23.1% compared to the same quarter last year. Equities analysts predict that IREN Limited will post 0.43 earnings per share for the current fiscal year.

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.