Cerebras Systems Sees Unusually Large Options Volume (NASDAQ:CBRS)

Cerebras Systems Inc. (NASDAQ:CBRS) saw some unusual options trading activity on Friday. Traders acquired 56,676 call options on the stock. This is an increase of 19% compared to the typical volume of 47,713 call options.

Cerebras Systems Price Performance

Shares of NASDAQ:CBRS traded up $8.54 during trading on Friday, hitting $106.29. The company had a trading volume of 23,276,860 shares, compared to its average volume of 8,156,517. The company has a market cap of $25.25 billion and a PE ratio of -1,326.52. Cerebras Systems has a one year low of $77.84 and a one year high of $386.34. The stock has a fifty day moving average price of $152.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.80 and a current ratio of 5.82.

Cerebras Systems (NASDAQ:CBRS) last released its earnings results on Thursday, November 12th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.26. The company had revenue of $230.87 million for the quarter. On average, equities research analysts anticipate that Cerebras Systems will post -0.52 earnings per share for the current year.

Insider Buying and Selling

In other Cerebras Systems news, CAO Yagnesh Patel sold 1,320 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $204.50, for a total value of $269,940.00. Following the sale, the chief accounting officer owned 15,356 shares in the company, valued at $3,140,302. The trade was a 7.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Feldman sold 37,441 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $210.46, for a total transaction of $7,879,832.86. Following the transaction, the chief executive officer directly owned 16,853 shares of the company’s stock, valued at $3,546,882.38. This trade represents a 68.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,874,452 shares of company stock worth $383,719,154 in the last 90 days.

Institutional Investors Weigh In On Cerebras Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Trust Services Inc. bought a new stake in shares of Cerebras Systems in the 3rd quarter worth about $26,000. GK Wealth Management LLC bought a new position in Cerebras Systems during the 3rd quarter valued at about $31,000. Blue Bell Private Wealth Management LLC purchased a new stake in Cerebras Systems in the 3rd quarter worth about $31,000. Torren Management LLC purchased a new stake in Cerebras Systems in the 3rd quarter worth about $39,000. Finally, Silicon Valley Capital Partners purchased a new stake in Cerebras Systems in the 2nd quarter worth about $44,000.

Wall Street Analysts Forecast Growth

CBRS has been the topic of several recent research reports. Wall Street Zen raised Cerebras Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings cut shares of Cerebras Systems from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, November 4th. Mizuho set a $240.00 price target on shares of Cerebras Systems in a research note on Friday. Needham & Company LLC lowered their price objective on shares of Cerebras Systems from $300.00 to $200.00 and set a “buy” rating for the company in a research report on Friday. Finally, TD Cowen dropped their price objective on shares of Cerebras Systems from $275.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.80.

Recent Cerebras Systems Headlines

These are some of the CBRS headlines that stood out recently:

• Positive Sentiment: Cerebras reported $230.9 million in third-quarter core revenue and earnings of $0.13 per share, above the consensus estimate of a loss of $0.13. It raised full-year revenue guidance to $940 million–$960 million, versus the $887 million consensus, and forecast fourth-quarter revenue of $310 million–$330 million, ahead of estimates. Reuters report on raised forecast
• Positive Sentiment: Call-option trading was above its typical level, suggesting increased speculative bullish interest, though options activity is not a guarantee of future performance.
• Neutral Sentiment: Needham lowered its price target to $200 from $300 but maintained a Buy rating, signaling a more cautious valuation while still seeing potential upside. Needham analyst ratings

Cerebras Systems Company Profile

Cerebras Systems develops computing systems and software designed for artificial intelligence and other compute-intensive workloads. Its products are built around the Wafer-Scale Engine, a large processor designed to support AI model training and inference, and include the CS-3 system and related software. The company also offers cloud-based access to its AI computing infrastructure, giving customers a way to run AI workloads without deploying its systems on site. Its offerings are aimed at organizations developing and operating large AI models, including businesses, research institutions and public-sector customers.