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 Trading Up 1.1%

Shares of IREN stock traded up $0.20 on Monday, reaching $18.65. 8,450,769 shares of the stock were exchanged, compared to its average volume of 18,575,285. IREN Limited has a one year low of $5.13 and a one year high of $21.54. The stock has a 50 day moving average price of $14.38 and a 200 day moving average price of $10.32.

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

Institutional Trading of IREN

Institutional investors and hedge funds have recently bought and sold shares of the stock. Maridea Wealth Management LLC raised its holdings in IREN by 57.1% during the first quarter. Maridea Wealth Management LLC now owns 320,167 shares of the company's stock worth $1,950,000 after acquiring an additional 116,408 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in IREN during the fourth quarter worth about $587,000. Private Advisor Group LLC raised its holdings in IREN by 4,075.5% during the first quarter. Private Advisor Group LLC now owns 508,118 shares of the company's stock worth $3,094,000 after acquiring an additional 495,949 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in IREN by 57.3% in the 1st quarter. Farther Finance Advisors LLC now owns 15,654 shares of the company's stock valued at $104,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in IREN by 46.5% during the fourth quarter. Bank of America Corp DE now owns 186,736 shares of the company's stock worth $1,834,000 after purchasing an additional 59,250 shares during the period. Institutional investors own 41.08% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IREN shares. HC Wainwright dropped their target price on IREN from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Wall Street Zen raised IREN from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $23.00 price objective on shares of IREN in a research note on Friday, May 16th. B. Riley reaffirmed a "buy" rating and set a $22.00 price objective (up from $15.00) on shares of IREN in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $16.00 price objective (up from $12.00) on shares of IREN in a research note on Monday, July 28th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.89.

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.