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

Key Points

• Representative Cleo Fields purchased shares of IREN Limited (NASDAQ:IREN) in July, investing between $15,001 and $50,000 from his MORGAN STANLEY - E*TRADE #2 account.
• The company's stock has shown significant volatility, with a 1-year low of $5.13 and a high of $21.54; it opened at $18.57 recently.
• Several analysts have upgraded their ratings for IREN, with B. Riley issuing a new price objective of $22.00 and maintaining a "buy" rating.

Representative Cleo Fields (D-Louisiana) recently bought shares of IREN Limited NASDAQ: IREN. In a filing disclosed on August 06th, the Representative disclosed that they had bought between $15,001 and $50,000 in IREN stock on July 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 Advanced Micro Devices NASDAQ: AMD on 7/30/2025.
• Purchased $100,001 - $250,000 in shares of Alphabet NASDAQ: GOOG on 7/30/2025.
• Purchased $100,001 - $250,000 in shares of Apple NASDAQ: AAPL on 7/29/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 7/29/2025.
• Purchased $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Meta Platforms NASDAQ: META on 7/29/2025.
• Purchased $250,001 - $500,000 in shares of NVIDIA NASDAQ: NVDA on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOG on 7/29/2025.
• Purchased $100,001 - $250,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.

IREN Stock Performance

Shares of NASDAQ:IREN opened at $18.57 on Friday. The company has a 50 day moving average price of $14.18 and a 200 day moving average price of $10.29. IREN Limited has a 1-year low of $5.13 and a 1-year high of $21.54.

IREN (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.06). IREN had a negative return on equity of 2.12% and a negative net margin of 9.40%. The firm had revenue of $148.10 million during the quarter, compared to analyst estimates of $153.38 million. Sell-side analysts predict that IREN Limited will post 0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

IREN has been the subject of a number of recent analyst reports. B. Riley reaffirmed a "buy" rating and issued a $22.00 price objective (up previously from $15.00) on shares of IREN in a research note on Thursday, July 10th. Macquarie raised their price objective on shares of IREN from $15.50 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $16.00 price objective (up previously from $12.00) on shares of IREN in a research note on Monday, July 28th. HC Wainwright decreased their price objective on shares of IREN from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of IREN from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.89.

Institutional Investors Weigh In On IREN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IREN. Drive Wealth Management LLC raised its holdings in shares of IREN by 3.0% during the 2nd quarter. Drive Wealth Management LLC now owns 40,924 shares of the company's stock valued at $596,000 after purchasing an additional 1,179 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of IREN by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 13,212 shares of the company's stock valued at $80,000 after purchasing an additional 1,387 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of IREN by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,268 shares of the company's stock valued at $123,000 after purchasing an additional 2,035 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in shares of IREN by 9.1% during the 2nd quarter. Fox Run Management L.L.C. now owns 30,244 shares of the company's stock valued at $441,000 after purchasing an additional 2,530 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of IREN by 16.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,160 shares of the company's stock valued at $308,000 after purchasing an additional 2,952 shares in the last quarter. 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.