Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) CTO Sean Lie sold 16,293 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief technology officer directly owned 368,926 shares of the company’s stock, valued at approximately $77,478,149.26. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Sean Lie also recently made the following trade(s):
- On Thursday, August 20th, Sean Lie sold 710,247 shares of Cerebras Systems stock. The stock was 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 stock was sold at an average price of $222.22, for a total transaction of $4,723,730.54.
- 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 transaction of $1,706,312.31.
Cerebras Systems Stock Down 6.5%
Shares of NASDAQ:CBRS 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.
Hedge Funds Weigh In On Cerebras Systems
Several large investors have recently modified their holdings of the business. Raiffeisen Bank International AG acquired a new position in shares of Cerebras Systems during the second quarter worth $4,323,000. Situational Awareness LP acquired a new stake in Cerebras Systems in the second quarter valued at $2,210,000. Knollwood Investment Advisory LLC bought a new position in Cerebras Systems during the 2nd quarter worth $4,576,000. TD Waterhouse Canada Inc. bought a new position in Cerebras Systems during the 2nd quarter worth $630,000. Finally, Proficio Capital Partners LLC acquired a new position in Cerebras Systems during the 2nd quarter worth about $1,383,000.
Analyst Ratings Changes
A number of research firms have recently commented on CBRS. Citigroup lowered their price target on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $300.00 price target on shares of Cerebras Systems in a research note on Wednesday. Mizuho lowered their price objective on shares of Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Finally, Freedom Capital raised shares of Cerebras Systems to a “hold” rating in a research note on Monday, June 29th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $299.90.
Check Out Our Latest Report on Cerebras Systems
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.
About Cerebras Systems
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.
Featured Articles
- Five stocks we like better than Cerebras Systems
- MarketBeat Week in Review – 08/17 – 08/21
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
Receive News & Ratings for Cerebras Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerebras Systems and related companies with MarketBeat.com's FREE daily email newsletter.
