Cerebras Systems (NASDAQ:CBRS) CEO Andrew Feldman Sells 26,644 Shares of Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CEO Andrew Feldman sold 26,644 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $222.22, for a total value of $5,920,829.68. Following the completion of the sale, the chief executive officer owned 66,853 shares in the company, valued at $14,856,073.66. This represents a 28.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cerebras Systems Price Performance

Cerebras Systems stock traded down $4.32 during midday trading on Wednesday, reaching $215.69. 10,965,495 shares of the stock traded hands, compared to its average volume of 7,530,854. The business has a 50-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 released its earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share 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 revenue for the quarter was up 74.3% compared to the same quarter last year. Equities research analysts anticipate that Cerebras Systems Inc. will post -0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CBRS shares. Freedom Capital raised shares of Cerebras Systems to a “hold” rating in a research note on Monday, June 29th. Morgan Stanley raised their price target on shares of Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Wedbush boosted their price target on shares of Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 price objective on shares of Cerebras Systems in a research report on Wednesday. Finally, Weiss Ratings initiated coverage on Cerebras Systems in a research note on Thursday, August 13th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $299.90.

Hedge Funds Weigh In On Cerebras Systems

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

Key Cerebras Systems News

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.

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.