Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) CTO Sean Lie sold 21,257 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $222.22, for a total value of $4,723,730.54. Following the completion of the sale, the chief technology officer directly owned 595,449 shares of the company’s stock, valued at approximately $132,320,676.78. This trade represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sean Lie also recently made the following trade(s):
- On Thursday, June 25th, Sean Lie sold 10,033 shares of Cerebras Systems stock. The shares were sold at an average price of $170.07, for a total value of $1,706,312.31.
Cerebras Systems Trading Down 2.7%
NASDAQ:CBRS traded down $5.84 during trading hours on Thursday, hitting $209.85. 6,684,719 shares of the company’s stock traded hands, compared to its average volume of 7,543,250. The stock has a fifty day moving average price of $208.60. Cerebras Systems Inc. has a twelve month low of $160.81 and a twelve month high of $386.34.
Institutional Investors Weigh In On Cerebras Systems
Several large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Cerebras Systems in the second quarter valued at about $1,383,000. Montanova Capital LLC acquired a new stake in Cerebras Systems during the 2nd quarter worth $37,990,000. Wellington Management Group LLP bought a new stake in shares of Cerebras Systems in the second quarter worth about $194,853,000. Ratan Capital Management LP acquired a new stake in shares of Cerebras Systems during the second quarter worth about $4,641,000. Finally, Tiger Pacific Capital LP acquired a new stake in shares of Cerebras Systems during the second quarter worth about $221,000.
More Cerebras Systems News
Here are the key news stories impacting Cerebras Systems this week:
- Positive Sentiment: Cerebras and Callosum announced a partnership to deliver ultra-low-latency, heterogeneous AI inference for agentic applications. The agreement strengthens Cerebras’ position in real-time AI workloads and could expand its commercial reach if customers adopt the combined offering. Cerebras and Callosum partnership
- Positive Sentiment: The company’s CS-4 rack-scale accelerator is being promoted as up to 30 times faster than GPU-based solutions for certain inference workloads. The launch supports Cerebras’ strategy of competing with Nvidia in fast, real-time AI processing. Cerebras CS-4 announcement
- Positive Sentiment: Rosenblatt Securities and Needham reaffirmed “buy” ratings with $300 price targets. Unusually heavy call-option activity and reports of manufacturing expansion, a large backlog, and potential growth in AI inference are also supporting bullish interest.
- Neutral Sentiment: The CS-4 speed advantage is primarily a company claim and must be validated through independent benchmarks, customer deployments, and sustained sales. The technology announcement may therefore boost sentiment before materially affecting financial results.
- Negative Sentiment: CEO Andrew Feldman sold 26,644 shares worth approximately $5.9 million to cover tax withholding tied to vested equity awards. Although the stated reason reduces its significance, the sale cut his ownership by 28.5%. Cerebras CEO insider sale
- Negative Sentiment: Director Eric Vishria sold about $15.7 million of stock, while director Steven Vassallo sold approximately $10.9 million. The transactions, even where conducted under trading plans, may reinforce profit-taking concerns.
- Negative Sentiment: Cerebras recently reported a $2.98-per-share loss versus the expected $0.21 loss, despite 74.3% year-over-year revenue growth to $209.9 million. The sharp earnings miss keeps profitability and valuation as important risks for CBRS.
Analyst Ratings Changes
A number of research analysts have commented on CBRS shares. Rosenblatt Securities restated a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a research note on Wednesday. TD Cowen started coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued a “buy” rating and a $275.00 target price on the stock. Weiss Ratings began coverage on Cerebras Systems in a research report on Thursday, August 13th. They issued a “sell (d)” rating on the stock. Mizuho decreased their target price on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Finally, Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $299.90.
View Our Latest Report on Cerebras Systems
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.
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