Cerebras Systems (NASDAQ:CBRS) CTO Sells $3,421,692.93 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CTO Sean Lie sold 16,293 shares of Cerebras Systems stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $210.01, for a total value of $3,421,692.93. Following the sale, the chief technology officer directly owned 368,926 shares in the company, valued at approximately $77,478,149.26. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sean Lie also recently made the following trade(s):

• On Thursday, August 20th, Sean Lie sold 710,247 shares of Cerebras Systems stock. The shares were sold at an average price of $207.86, for a total transaction of $147,631,941.42.
• On Tuesday, August 18th, Sean Lie sold 21,257 shares of Cerebras Systems stock. The shares were sold at an average price of $222.22, for a total value of $4,723,730.54.
• On Thursday, June 25th, Sean Lie sold 10,033 shares of Cerebras Systems stock. The stock was sold at an average price of $170.07, for a total value of $1,706,312.31.

Cerebras Systems Price Performance

Cerebras Systems stock traded down $13.72 during mid-day trading on Friday, reaching $196.13. The stock had a trading volume of 7,750,333 shares, compared to its average volume of 7,466,819. Cerebras Systems Inc. has a one year low of $160.81 and a one year high of $386.34. The company’s 50-day moving average price is $208.25.

Cerebras Systems (NASDAQ:CBRS) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The firm had revenue of $209.87 million during the quarter. The firm’s revenue was up 74.3% on a year-over-year basis. On average, equities analysts expect that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Cerebras Systems

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in Cerebras Systems during the 2nd quarter valued at approximately $6,118,000. Tiger Pacific Capital LP purchased a new stake in Cerebras Systems during the 2nd quarter valued at approximately $221,000. Ratan Capital Management LP purchased a new stake in Cerebras Systems during the 2nd quarter valued at approximately $4,641,000. Wellington Management Group LLP bought a new stake in shares of Cerebras Systems during the second quarter valued at approximately $194,853,000. Finally, Montanova Capital LLC bought a new stake in shares of Cerebras Systems during the second quarter valued at approximately $37,990,000.

Cerebras Systems News Roundup

Here are the key news stories impacting Cerebras Systems this week:

• Positive Sentiment: Cerebras’ new CS-4 accelerator is being promoted as a high-performance, power-efficient solution for AI inference, potentially helping the company compete with NVIDIA and AMD as demand for cloud-based AI computing expands. The performance claims still require broader customer validation. CS-4 and competition article
• Positive Sentiment: Cerebras partnered with Callosum to provide ultra-low-latency, heterogeneous AI inference for agentic applications. The agreement could expand Cerebras’ commercial reach in real-time AI workloads. Cerebras and Callosum partnership
• Positive Sentiment: Rosenblatt Securities and Needham & Company reiterated “Buy” ratings, with reported price targets near $300. The positive analyst view reflects optimism about Cerebras’ AI infrastructure growth, though it has not offset near-term selling pressure. Rosenblatt rating Needham rating
• Positive Sentiment: Call-option activity was about 42% above normal, indicating that some traders are positioning for a rebound or further upside. CBRS options activity
• Neutral Sentiment: Cerebras generated $209.9 million in quarterly revenue, up 74.3% year over year, but the growth has yet to translate into profitability. Investors are focused on whether CS-4 demand can improve margins and earnings.
• Negative Sentiment: Senior executives sold roughly $20.3 million of CBRS stock in transactions dated August 18, including sales by the CEO, COO, CTO and CAO. The filings state the shares were sold to cover tax withholding related to vested equity awards, reducing the bearish signal, but the scale of the transactions may still weigh on sentiment.
• Negative Sentiment: The company’s latest quarterly loss of $2.98 per share was far worse than the expected $0.21 loss. The large earnings miss, despite rapid revenue growth, raises concerns about execution, cash usage and the stock’s elevated valuation.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CBRS shares. Barclays began coverage on Cerebras Systems in a report on Monday, June 8th. They issued an “overweight” rating and a $280.00 target price on the stock. Morgan Stanley upped their price target on Cerebras Systems from $273.00 to $279.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Wedbush raised their price objective on Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Freedom Capital upgraded Cerebras Systems to a “hold” rating in a research note on Monday, June 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cerebras Systems has a consensus rating of “Moderate Buy” and an average target price of $299.90.

Cerebras Systems Company Profile

Cerebras Systems is a technology company focused on building artificial intelligence infrastructure, including hardware and software designed to accelerate deep learning and large-scale AI workloads. The company is best known for its wafer-scale processor architecture, which is intended to provide high-performance compute for training and inference applications.

In addition to its AI chips, Cerebras offers systems and related software tools that support researchers and enterprises working with machine learning models.