Cerebras Systems (NASDAQ:CBRS) CTO Sells $3,421,692.93 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CTO Sean Lie sold 16,293 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $210.01, for a total value of $3,421,692.93. Following the transaction, the chief technology officer owned 368,926 shares of the company’s stock, valued at $77,478,149.26. This represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sean Lie also recently made the following trade(s):

• On Thursday, August 20th, Sean Lie sold 710,247 shares of Cerebras Systems stock. The shares were sold at an average price of $207.86, for a total transaction of $147,631,941.42.
• On Tuesday, August 18th, Sean Lie sold 21,257 shares of Cerebras Systems stock. The shares were sold at an average price of $222.22, for a total value of $4,723,730.54.
• On Thursday, June 25th, Sean Lie sold 10,033 shares of Cerebras Systems stock. The stock was sold at an average price of $170.07, for a total value of $1,706,312.31.

Cerebras Systems Trading Down 6.5%

Shares of CBRS stock traded down $13.72 during trading hours on Friday, reaching $196.13. 7,750,333 shares of the stock were exchanged, compared to its average volume of 7,466,819. Cerebras Systems Inc. has a 12-month low of $160.81 and a 12-month high of $386.34. The stock’s 50-day moving average is $208.25.

Cerebras Systems (NASDAQ:CBRS) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($2.98) EPS for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The business had revenue of $209.87 million during the quarter. Cerebras Systems’s quarterly revenue was up 74.3% compared to the same quarter last year. Sell-side analysts forecast that Cerebras Systems Inc. will post -0.52 EPS for the current year.

Key Cerebras Systems News

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.

Institutional Trading of Cerebras Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRS. Tiger Pacific Capital LP purchased a new position in shares of Cerebras Systems in the second quarter worth about $221,000. Proficio Capital Partners LLC purchased a new stake in Cerebras Systems in the second quarter valued at approximately $1,383,000. Ratan Capital Management LP acquired a new position in Cerebras Systems in the 2nd quarter worth approximately $4,641,000. Bank of New York Mellon Corp purchased a new position in Cerebras Systems during the 2nd quarter worth approximately $6,118,000. Finally, Montanova Capital LLC purchased a new position in Cerebras Systems during the 2nd quarter worth approximately $37,990,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CBRS shares. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Cerebras Systems in a report on Wednesday. Citigroup cut their price objective on shares of Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Weiss Ratings assumed coverage on Cerebras Systems in a report on Thursday, August 13th. They set a “sell (d)” rating for the company. Craig Hallum initiated coverage on Cerebras Systems in a research report on Monday, June 8th. They set a “buy” rating and a $325.00 target price on the stock. Finally, Mizuho cut their price target on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.