Insider Selling: Cerebras Systems (NASDAQ:CBRS) CEO Sells $5,920,829.68 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CEO Andrew Feldman sold 26,644 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $222.22, for a total transaction of $5,920,829.68. Following the completion of the transaction, the chief executive officer directly owned 66,853 shares in the company, valued at $14,856,073.66. This trade represents a 28.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cerebras Systems Price Performance

Shares of CBRS stock traded down $4.32 during trading hours on Wednesday, reaching $215.69. The company had a trading volume of 10,965,495 shares, compared to its average volume of 7,530,854. The stock has a fifty day simple moving average of $208.94. Cerebras Systems Inc. has a 12-month low of $160.81 and a 12-month high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last announced 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 company had revenue of $209.87 million during the quarter. The business’s revenue was up 74.3% on a year-over-year basis. On average, equities research analysts expect that Cerebras Systems Inc. will post -0.52 EPS for the current year.

Trending Headlines about Cerebras Systems

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

• Positive Sentiment: Cerebras unveiled its CS-4 rack-scale AI accelerator, claiming it can deliver up to 30 times faster inference than GPU-based solutions. The company is targeting the growing market for real-time AI applications and chatbot queries. Cerebras Unveils CS-4
• Positive Sentiment: Analysts at Rosenblatt Securities and Needham reaffirmed “buy” ratings and set $300 price targets, implying substantial upside from the recent trading level. The broader analyst consensus remains “Moderate Buy.”
• Positive Sentiment: Trading in CBRS call options was unusually active, with investors purchasing 57,909 calls—about 42% above typical volume—indicating increased speculative interest in a possible rebound.
• Positive Sentiment: Investor attention is also supported by Cerebras’ wafer-scale technology, reported progress with OpenAI, and partnerships involving AMD and Amazon. A large backlog and strong AI-inference demand could support future growth. Cerebras comeback hinges on new chip
• Neutral Sentiment: The CS-4’s “30 times faster” figure is a company claim that still requires validation through customer adoption, independent benchmarks, and commercial deployments. The launch may therefore create enthusiasm without immediately changing financial results.
• Negative Sentiment: Director Eric Vishria sold 68,268 shares for approximately $15.7 million, reducing his direct ownership by 68.5%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, but its size may still weigh on sentiment. SEC insider sale filing
• Negative Sentiment: Director Steven Vassallo separately sold 50,000 shares worth about $10.9 million, cutting his ownership by 50.2%. Two sizable insider sales in a short period can reinforce profit-taking concerns.
• Negative Sentiment: Cerebras recently reported a $2.98-per-share loss versus the expected $0.21 loss, despite revenue growth of 74.3% to $209.9 million. The large earnings miss keeps profitability and valuation as key risks.

Institutional Investors Weigh In On Cerebras Systems

Institutional investors have recently made changes to their positions in the stock. Tiger Pacific Capital LP acquired a new position in shares of Cerebras Systems in the 2nd quarter worth approximately $221,000. Ratan Capital Management LP acquired a new stake in Cerebras Systems in the 2nd quarter valued at approximately $4,641,000. Bank of New York Mellon Corp purchased a new stake in Cerebras Systems in the second quarter valued at approximately $6,118,000. Finally, Wellington Management Group LLP purchased a new stake in Cerebras Systems in the second quarter valued at approximately $194,853,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBRS. Citigroup dropped their price target on shares of Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Craig Hallum assumed coverage on Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $325.00 price objective on the stock. Weiss Ratings assumed coverage on Cerebras Systems in a research report on Thursday, August 13th. They issued a “sell (d)” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a research note on Wednesday. Finally, TD Cowen started coverage on Cerebras Systems in a research report on Monday, June 8th. They issued a “buy” rating and a $275.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cerebras Systems currently has an average rating of “Moderate Buy” and a consensus price target 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.