Iris Energy Limited (NASDAQ:IREN) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its position in shares of Iris Energy Limited (NASDAQ:IREN) by 58.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 24,854 shares of the company’s stock after selling 35,545 shares during the quarter. Tidal Investments LLC’s holdings in Iris Energy were worth $210,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in Iris Energy by 56.3% during the third quarter. Geode Capital Management LLC now owns 735,071 shares of the company’s stock valued at $6,204,000 after buying an additional 264,883 shares in the last quarter. Sender Co & Partners Inc. acquired a new position in shares of Iris Energy during the 3rd quarter valued at $561,000. Continuum Advisory LLC acquired a new stake in Iris Energy in the 3rd quarter valued at $430,000. Y Intercept Hong Kong Ltd increased its holdings in Iris Energy by 592.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 206,706 shares of the company’s stock valued at $1,745,000 after purchasing an additional 176,843 shares in the last quarter. Finally, Main Management ETF Advisors LLC purchased a new position in Iris Energy in the third quarter valued at about $760,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Iris Energy Price Performance

Shares of Iris Energy stock opened at $11.81 on Thursday. The business has a 50-day moving average price of $11.34 and a 200 day moving average price of $10.27. Iris Energy Limited has a fifty-two week low of $3.56 and a fifty-two week high of $15.92.

Analyst Upgrades and Downgrades

IREN has been the subject of a number of recent research reports. Roth Capital upgraded Iris Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. B. Riley lifted their price objective on shares of Iris Energy from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. Compass Point lowered their price target on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Roth Mkm started coverage on shares of Iris Energy in a report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price objective on the stock. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Iris Energy currently has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Iris Energy Company Profile

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.