SkyView Investment Advisors LLC Takes $823,000 Position in IREN Limited $IREN

SkyView Investment Advisors LLC bought a new stake in shares of IREN Limited (NASDAQ:IREN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,000 shares of the company’s stock, valued at approximately $823,000.

A number of other large investors also recently added to or reduced their stakes in IREN. California State Teachers Retirement System increased its stake in shares of IREN by 6,197.8% during the second quarter. California State Teachers Retirement System now owns 22,963,091 shares of the company’s stock valued at $1,050,102,000 after buying an additional 22,598,469 shares during the period. BNP Paribas Financial Markets bought a new stake in IREN in the fourth quarter valued at $158,677,000. Clear Street Group Inc. bought a new stake in IREN in the fourth quarter valued at $137,075,000. Situational Awareness LP increased its position in IREN by 34.5% during the 1st quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock valued at $401,036,000 after purchasing an additional 2,998,214 shares during the period. Finally, Capital Research Global Investors purchased a new position in IREN during the 4th quarter valued at $38,730,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Wall Street Analyst Weigh In

IREN has been the subject of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $99.00 target price on shares of IREN in a research report on Friday, August 28th. JPMorgan Chase & Co. upgraded shares of IREN from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $65.00 in a research report on Monday. Canaccord Genuity Group reissued a “buy” rating and issued a $79.00 price target on shares of IREN in a research note on Friday, August 28th. Freedom Capital upgraded shares of IREN from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 price objective on shares of IREN in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.93.

IREN Stock Performance

Shares of IREN stock opened at $43.17 on Tuesday. The company’s fifty day moving average price is $40.28 and its 200-day moving average price is $45.54. The stock has a market cap of $17.01 billion, a PE ratio of -18.45 and a beta of 4.28. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.80. IREN Limited has a 12 month low of $28.93 and a 12 month high of $76.87.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: JPMorgan upgraded IREN from Underweight to Overweight and raised its price target from $46 to $65, implying roughly 48%–51% potential upside. The bank cited momentum from IREN’s AI-cloud strategy and Nvidia-related infrastructure opportunity. JPMorgan sees 48% upside for IREN after Nvidia AI cloud deal
• Positive Sentiment: BTIG maintained a Buy rating and highlighted IREN’s potentially valuable portfolio of approximately 5 gigawatts of power capacity. Access to power is a key competitive advantage as AI data-center demand expands. IREN Stock Falls Even as BTIG Says Buy
• Positive Sentiment: IREN’s co-CEO said AI-compute demand may remain unsatisfied for years, while the company could invest as much as $30 billion by mid-2027. That outlook supports the long-term growth case, although it also increases execution and financing requirements. AI Leaders Say Slow Down
• Neutral Sentiment: IREN shares have been volatile, recovering from an early decline as investors weighed the bullish analyst upgrades against concerns about the broader AI infrastructure trade. IREN Stock Is Volatile Monday
• Negative Sentiment: Neocloud stocks including IREN, CoreWeave and Nebius sold off amid AI-safety concerns and questions about whether major AI companies may moderate spending or adopt a slower development pace. Why Neocloud Stocks Are Falling
• Negative Sentiment: Weakness across technology shares added to selling pressure, offsetting the positive impact of JPMorgan’s upgrade and reinforcing concerns about the valuation and capital intensity of AI infrastructure companies. IREN Shares Fall as Technology Stocks Decline

IREN Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure.