Steven Vassallo Sells 50,000 Shares of Cerebras Systems (NASDAQ:CBRS) Stock

Cerebras Systems Inc. (NASDAQ:CBRS) Director Steven Vassallo sold 50,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $210.30, for a total value of $10,515,000.00. Following the completion of the transaction, the director owned 171,977 shares in the company, valued at $36,166,763.10. The trade was a 22.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Steven Vassallo also recently made the following trade(s):

• On Friday, August 14th, Steven Vassallo sold 50,000 shares of Cerebras Systems stock. The stock was sold at an average price of $218.18, for a total transaction of $10,909,000.00.

Cerebras Systems Stock Performance

Shares of Cerebras Systems stock opened at $196.20 on Thursday. Cerebras Systems Inc. has a 12-month low of $160.81 and a 12-month high of $386.34. The business’s 50-day moving average price is $202.42.

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

Hedge Funds Weigh In On Cerebras Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC bought a new position in Cerebras Systems in the 2nd quarter valued at approximately $88,400,000. National Pension Service bought a new stake in shares of Cerebras Systems during the second quarter worth $2,210,000. WINTON GROUP Ltd acquired a new position in shares of Cerebras Systems during the second quarter worth $1,017,000. Engineers Gate Manager LP acquired a new position in shares of Cerebras Systems during the second quarter worth $21,760,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Cerebras Systems in the 2nd quarter valued at $197,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings assumed coverage on Cerebras Systems in a report on Thursday, August 13th. They set a “sell (d)” rating for the company. Mizuho dropped their price objective on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Finally, TD Cowen started coverage on Cerebras Systems in a research note on Monday, June 8th. They issued a “buy” rating and a $275.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $299.90.

More Cerebras Systems News

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

• Positive Sentiment: Cerebras holds approximately $25.4 billion in remaining performance obligations, while cloud and services revenue reportedly surged 287% year over year to $127.7 million. More than 600 megawatts of secured capacity could support future inference growth, although data-center deployment is now a key execution requirement. Cerebras: The Inference Bottleneck Winner
• Positive Sentiment: Analyst sentiment remains favorable, with Needham maintaining a $300 price target and Wedbush assigning an outperform rating with a $290 target. The reported consensus rating is “Moderate Buy,” with an average target of $299.90. Cerebras Systems Insider Selling Report
• Neutral Sentiment: Broader AI and robotics developments—including cheaper inference, longer-running AI agents and more commercial deployment—provide a supportive industry backdrop for Cerebras, but the article does not identify a new company-specific contract or catalyst. AI and Robotics in 2026
• Negative Sentiment: CEO Andrew Feldman sold 37,441 shares for approximately $7.9 million, reducing his direct ownership by 68.96%. CTO Sean Lie sold 53,460 shares worth about $11.2 million, and Director Steven Vassallo sold 50,000 shares worth roughly $10.5 million. The cluster of sizable insider sales can weigh on sentiment, even though such transactions may reflect personal financial planning. Cerebras Insider Selling
• Negative Sentiment: Cerebras’ latest quarterly loss of $2.98 per share substantially exceeded the expected loss of $0.21, despite revenue increasing 74.3% year over year to $209.87 million. The earnings miss reinforces concerns about near-term profitability and execution.

Cerebras Systems Company Profile

Cerebras Systems develops specialized computing systems and software for artificial intelligence (AI) and machine-learning workloads. The company’s technology is designed to accelerate the training and deployment of large AI models by combining high-performance processors, memory, networking and software into integrated computing platforms.

Its principal products include the Wafer-Scale Engine (WSE), a processor built on a single semiconductor wafer, and the CS-3 AI supercomputer, which is based on the company’s wafer-scale architecture.