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

Key Points

• Rep. Cleo Fields disclosed buying between $1,001 and $15,000 of IREN Limited (NASDAQ:IREN) on December 9th through his "MORGAN STANLEY - E*TRADE #2" account.
• IREN Limited is a bitcoin-mining data center operator with a market cap of $10.15 billion; shares opened at $35.80, have a 52-week range of $5.13–$76.87, a P/E of 18.45, and a beta of 4.23.
• Analysts have a consensus rating of "Moderate Buy" on IREN with an average price target of $67.64 (12 Buy, 5 Hold, 2 Sell), though individual targets range widely.

Representative Cleo Fields (D-Louisiana) recently bought shares of IREN Limited NASDAQ: IREN. In a filing disclosed on December 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in IREN stock on December 9th. 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: GOOGL on 12/15/2025.
• Sold $1,001 - $15,000 in shares of SoundHound AI NASDAQ: SOUN on 12/15/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 12/15/2025.
• Sold $15,001 - $50,000 in shares of CoreWeave NASDAQ: CRWV on 12/11/2025.
• Sold $15,001 - $50,000 in shares of AT&T NYSE: T on 12/11/2025.
• Purchased $100,001 - $250,000 in shares of Alphabet NASDAQ: GOOGL on 12/11/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 12/11/2025.
• Sold $50,001 - $100,000 in shares of ARM NASDAQ: ARM on 12/11/2025.
• Sold $50,001 - $100,000 in shares of Uber Technologies NYSE: UBER on 12/11/2025.
• Purchased $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOGL on 12/9/2025.

IREN Stock Performance

Shares of NASDAQ IREN opened at $35.80 on Friday. IREN Limited has a 52-week low of $5.13 and a 52-week high of $76.87. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 18.45 and a beta of 4.23. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The stock's fifty day simple moving average is $52.81 and its 200 day simple moving average is $33.67.

Analysts Set New Price Targets

Several research firms have recently weighed in on IREN. Citizens Jmp assumed coverage on shares of IREN in a research report on Wednesday, November 19th. They issued a "market outperform" rating and a $80.00 target price on the stock. Macquarie raised their price objective on shares of IREN to $86.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group started coverage on shares of IREN in a research note on Thursday. They set a "neutral" rating and a $39.00 target price on the stock. Zacks Research upgraded IREN from a "strong sell" rating to a "hold" rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of IREN in a research report on Monday. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $67.64.

Institutional Investors Weigh In On IREN

Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in shares of IREN during the third quarter worth $25,000. Quarry LP acquired a new position in IREN in the 1st quarter worth about $40,000. Allianz SE purchased a new stake in shares of IREN during the 3rd quarter worth about $57,000. Sherman Asset Management Inc. purchased a new stake in shares of IREN during the 3rd quarter worth about $59,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of IREN by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company's stock valued at $66,000 after buying an additional 1,839 shares during 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.

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