Cerebras Systems (NASDAQ:CBRS) CAO Sells $1,016,434.28 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CAO Yagnesh Patel sold 4,574 shares of Cerebras Systems stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $222.22, for a total transaction of $1,016,434.28. Following the completion of the transaction, the chief accounting officer directly owned 16,676 shares of the company’s stock, valued at $3,705,740.72. The trade was a 21.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Yagnesh Patel also recently made the following trade(s):

• On Thursday, June 25th, Yagnesh Patel sold 6,079 shares of Cerebras Systems stock. The stock was sold at an average price of $171.53, for a total transaction of $1,042,730.87.
• On Friday, June 26th, Yagnesh Patel sold 3,954 shares of Cerebras Systems stock. The shares were sold at an average price of $174.03, for a total value of $688,114.62.
• On Thursday, June 25th, Yagnesh Patel sold 46 shares of Cerebras Systems stock. The stock was sold at an average price of $189.36, for a total value of $8,710.56.

Cerebras Systems Trading Down 6.5%

Shares of CBRS stock opened at $196.13 on Friday. The business’s 50 day simple moving average is $208.25. Cerebras Systems Inc. has a 12-month low of $160.81 and a 12-month high of $386.34.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup dropped their price target on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. UBS Group lifted their target price on shares of Cerebras Systems from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wedbush upped their target price on shares of Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Weiss Ratings began coverage on shares of Cerebras Systems in a research report on Thursday, August 13th. They issued a “sell (d)” rating for the company. Finally, Wall Street Zen raised shares of Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $299.90.

Institutional Trading of Cerebras Systems

Institutional investors have recently made changes to their positions in the company. Value Aligned Research Advisors LLC acquired a new position in Cerebras Systems in the second quarter valued at approximately $241,934,000. Wellington Management Group LLP purchased a new stake in Cerebras Systems in the second quarter valued at $194,853,000. Montanova Capital LLC acquired a new position in shares of Cerebras Systems in the 2nd quarter valued at $37,990,000. Bank of New York Mellon Corp purchased a new position in shares of Cerebras Systems during the 2nd quarter worth $6,118,000. Finally, Ratan Capital Management LP acquired a new stake in shares of Cerebras Systems during the 2nd quarter worth about $4,641,000.

Key Stories Impacting Cerebras Systems

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.

About Cerebras Systems

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.