Alkeon Capital Management Reduces $18M in IREN Limited ($IREN)
Key Points
- Alkeon Capital Management changed its IREN Limited ($IREN) stake by 37.5% last quarter, cutting to 500,000 shares worth $29.88 million.
- Wall Street's consensus rating on $IREN is Buy and an average price target of $81.07.
- $IREN last traded around $59.76.
Alkeon Capital Management reduced its position in IREN Limited ($IREN) by 37.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,000 shares of IREN Limited after selling 300,000 shares during the quarter. Alkeon Capital Management's holdings in IREN Limited were worth $29.88 million as of its most recent filing.
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About IREN Limited
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.
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