Parametrica Management Ltd Makes New Investment in Cerebras Systems Inc. $CBRS

Posted by Francis Steltz on Oct 28th, 2026

Parametrica Management Ltd acquired a new stake in Cerebras Systems Inc. (NASDAQ:CBRS – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $888,000. Cerebras Systems makes up approximately 0.6% of Parametrica Management Ltd’s holdings, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Frank Rimerman Advisors LLC increased its stake in Cerebras Systems by 3,681.7% in the third quarter. Frank Rimerman Advisors LLC now owns 56,271 shares of the company’s stock valued at $9,997,000 after acquiring an additional 54,783 shares during the period. ICG Advisors LLC lifted its stake in Cerebras Systems by 179.9% during the third quarter. ICG Advisors LLC now owns 15,000 shares of the company’s stock worth $2,665,000 after purchasing an additional 9,641 shares during the period. NFSG Corp lifted its stake in Cerebras Systems by 1,483.7% during the third quarter. NFSG Corp now owns 8,821 shares of the company’s stock worth $1,567,000 after purchasing an additional 8,264 shares during the period. Cohen Capital Management Inc. bought a new position in Cerebras Systems during the third quarter worth about $1,444,000. Finally, State Street Corp acquired a new stake in Cerebras Systems during the second quarter valued at approximately $105,343,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBRS. Weiss Ratings upgraded Cerebras Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, October 21st. Wedbush raised their target price on Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a research report on Wednesday, August 19th. Morgan Stanley boosted their price target on Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, TD Cowen lowered their price target on Cerebras Systems from $275.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $289.90.

Get Our Latest Stock Report on CBRS

Cerebras Systems Price Performance

Cerebras Systems stock opened at $119.31 on Wednesday. The firm has a 50-day simple moving average of $174.99. Cerebras Systems Inc. has a 12-month low of $106.13 and a 12-month high of $386.34. The company has a market capitalization of $28.34 billion and a PE ratio of -1,491.38.

Cerebras Systems (NASDAQ:CBRS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($2.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($2.77). The business had revenue of $209.87 million for the quarter. The company’s quarterly revenue was up 74.3% compared to the same quarter last year. Equities analysts predict that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Sean Lie sold 710,247 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $207.86, for a total transaction of $147,631,941.42. Following the sale, the chief technology officer directly owned 368,926 shares of the company’s stock, valued at $76,684,958.36. This represents a 65.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Vassallo sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $210.30, for a total transaction of $10,515,000.00. Following the completion of the sale, the director directly owned 171,977 shares of the company’s stock, valued at approximately $36,166,763.10. This represents a 22.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,864,452 shares of company stock valued at $387,680,754.

Cerebras Systems Company Profile

(Free Report)

Cerebras Systems is a technology company that develops specialized computing systems for artificial intelligence and high-performance computing. Its core product is the Wafer-Scale Engine, a processor designed to provide large-scale computing capacity and high-speed data movement for training and running AI models.

The company offers integrated AI computing systems, including the Cerebras CS series, which combines its wafer-scale processors with supporting hardware and software. Cerebras also provides access to its technology through cloud-based services, enabling businesses, research organizations and other users to develop and deploy AI applications without operating the underlying systems themselves.

Founded in 2015 and headquartered in Sunnyvale, California, Cerebras serves customers in sectors such as technology, government, scientific research and other data-intensive industries.