Washington University Purchases 966,314 Shares of Cerebras Systems Inc. $CBRS

Posted by Nicole Kennedy on Nov 15th, 2026

Washington University increased its holdings in Cerebras Systems Inc. (NASDAQ:CBRS – Free Report) by 175.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,517,400 shares of the company’s stock after buying an additional 966,314 shares during the period. Cerebras Systems comprises about 51.4% of Washington University’s holdings, making the stock its biggest position. Washington University’s holdings in Cerebras Systems were worth $269,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CBRS. Value Aligned Research Advisors LLC bought a new stake in shares of Cerebras Systems during the 2nd quarter worth $241,934,000. Wellington Management Group LLP purchased a new position in shares of Cerebras Systems in the 2nd quarter worth about $194,853,000. Lunate Capital Ltd bought a new position in Cerebras Systems during the third quarter valued at about $115,351,000. Sumitomo Mitsui Trust Group Inc. grew its position in Cerebras Systems by 59.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 490,139 shares of the company’s stock valued at $87,073,000 after buying an additional 183,035 shares during the period. Finally, State Street Corp purchased a new stake in Cerebras Systems during the second quarter worth about $105,343,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group raised shares of Cerebras Systems to an “outperform” rating in a research report on Monday, October 5th. Morgan Stanley reduced their target price on shares of Cerebras Systems from $279.00 to $178.00 and set an “overweight” rating for the company in a research report on Monday, November 9th. TD Cowen decreased their price target 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. Citigroup decreased 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. Finally, Freedom Capital raised shares of Cerebras Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.80.

View Our Latest Stock Report on CBRS

Insider Buying and Selling at Cerebras Systems

In related news, CTO Sean Lie sold 710,247 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $207.86, for a total value of $147,631,941.42. Following the transaction, the chief technology officer directly owned 368,926 shares in the company, valued at approximately $76,684,958.36. This represents a 65.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Feldman sold 237,559 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $199.27, for a total transaction of $47,338,381.93. Following the sale, the chief executive officer owned 16,853 shares in the company, valued at approximately $3,358,297.31. This trade represents a 93.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,874,452 shares of company stock valued at $383,719,154 over the last 90 days.

Cerebras Systems Price Performance

Shares of NASDAQ:CBRS traded up $10.97 during trading on Friday, hitting $108.72. 36,767,398 shares of the company were exchanged, compared to its average volume of 11,213,264. The firm has a market cap of $25.83 billion and a P/E ratio of -1,359.00. The firm’s 50 day moving average is $151.02. Cerebras Systems Inc. has a 52-week low of $77.84 and a 52-week high of $386.34. The company has a current ratio of 5.82, a quick ratio of 5.80 and a debt-to-equity ratio of 0.02.

Cerebras Systems (NASDAQ:CBRS – Get Free Report) last announced its quarterly 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. Sell-side analysts forecast that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

About Cerebras Systems

(Free Report)

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.