Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) Director Eric Vishria sold 68,268 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $229.77, for a total value of $15,685,938.36. Following the sale, the director directly owned 31,383 shares of the company’s stock, valued at approximately $7,210,871.91. This trade represents a 68.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cerebras Systems Stock Down 2.7%
Shares of NASDAQ:CBRS opened at $209.85 on Friday. The stock’s 50-day moving average price is $208.60. Cerebras Systems Inc. has a 12 month low of $160.81 and a 12 month high of $386.34.
Cerebras Systems (NASDAQ:CBRS – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $209.87 million during the quarter. The firm’s revenue for the quarter was up 74.3% compared to the same quarter last year. Research analysts predict that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.
Cerebras Systems News Summary
- 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
Several equities research analysts have recently issued reports on the stock. Weiss Ratings assumed coverage on shares of Cerebras Systems in a research report on Thursday, August 13th. They issued a “sell (d)” rating for the company. Morgan Stanley upped their price target on shares of Cerebras Systems from $273.00 to $279.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Barclays began coverage on Cerebras Systems in a report on Monday, June 8th. They issued an “overweight” rating and a $280.00 price target for the company. Zacks Research raised Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. Finally, Citigroup reduced their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $299.90.
Read Our Latest Analysis on CBRS
Institutional Trading of Cerebras Systems
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tiger Pacific Capital LP purchased a new position in Cerebras Systems in the second quarter valued at about $221,000. Proficio Capital Partners LLC acquired a new stake in shares of Cerebras Systems in the 2nd quarter valued at about $1,383,000. Ratan Capital Management LP bought a new position in shares of Cerebras Systems during the second quarter worth about $4,641,000. Bank of New York Mellon Corp acquired a new position in Cerebras Systems in the second quarter worth about $6,118,000. Finally, Montanova Capital LLC acquired a new position in Cerebras Systems in the second quarter worth about $37,990,000.
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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