Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) COO Dhiraj Mallick sold 38,889 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $222.22, for a total value of $8,641,913.58. Following the sale, the chief operating officer directly owned 120,000 shares in the company, valued at approximately $26,666,400. This trade represents a 24.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Dhiraj Mallick also recently made the following trade(s):
- On Tuesday, June 30th, Dhiraj Mallick sold 10,000 shares of Cerebras Systems stock. The stock was sold at an average price of $206.51, for a total value of $2,065,100.00.
- On Thursday, June 25th, Dhiraj Mallick sold 36,131 shares of Cerebras Systems stock. The shares were sold at an average price of $169.28, for a total value of $6,116,255.68.
- On Friday, June 26th, Dhiraj Mallick sold 20,000 shares of Cerebras Systems stock. The stock was sold at an average price of $173.73, for a total transaction of $3,474,600.00.
- On Thursday, June 25th, Dhiraj Mallick sold 13,314 shares of Cerebras Systems stock. The stock was sold at an average price of $184.89, for a total transaction of $2,461,625.46.
Cerebras Systems Stock Performance
CBRS stock opened at $196.13 on Friday. The firm has a 50-day moving average price of $208.25. Cerebras Systems Inc. has a 12 month low of $160.81 and a 12 month high of $386.34.
Trending Headlines about Cerebras Systems
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.
Hedge Funds Weigh In On Cerebras Systems
Several institutional investors and hedge funds have recently added to or reduced their stakes in CBRS. Wellington Management Group LLP acquired a new stake in Cerebras Systems in the second quarter valued at approximately $194,853,000. Montanova Capital LLC acquired a new position in shares of Cerebras Systems during the second quarter worth $37,990,000. Bank of New York Mellon Corp bought a new position in shares of Cerebras Systems in the 2nd quarter valued at $6,118,000. Ratan Capital Management LP bought a new position in shares of Cerebras Systems in the 2nd quarter valued at $4,641,000. Finally, Knollwood Investment Advisory LLC acquired a new stake in shares of Cerebras Systems during the 2nd quarter valued at $4,576,000.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Craig Hallum began coverage on Cerebras Systems in a research note on Monday, June 8th. They set a “buy” rating and a $325.00 target price for the company. Citigroup decreased their price target on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. UBS Group upped their price objective on Cerebras Systems from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen raised Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cerebras Systems currently has an average rating of “Moderate Buy” and an average target price of $299.90.
Check Out 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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