Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) CTO Sean Lie sold 60,000 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $115.79, for a total value of $6,947,400.00. Following the transaction, the chief technology officer directly owned 263,592 shares in the company, valued at approximately $30,521,317.68. This represents a 18.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Lie also recently made the following trade(s):
- On Friday, September 25th, Sean Lie sold 120,000 shares of Cerebras Systems stock. The stock was sold at an average price of $208.97, for a total value of $25,076,400.00.
- On Friday, September 4th, Sean Lie sold 53,460 shares of Cerebras Systems stock. The stock was sold at an average price of $210.16, for a total value of $11,235,153.60.
- On Thursday, August 20th, Sean Lie sold 710,247 shares of Cerebras Systems stock. The shares were sold at an average price of $207.86, for a total value of $147,631,941.42.
- On Friday, August 21st, Sean Lie sold 16,293 shares of Cerebras Systems stock. The shares were sold at an average price of $210.01, for a total value of $3,421,692.93.
- On Tuesday, August 18th, Sean Lie sold 21,257 shares of Cerebras Systems stock. The shares were sold at an average price of $222.22, for a total value of $4,723,730.54.
Cerebras Systems Trading Down 5.7%
Cerebras Systems stock opened at $112.56 on Thursday. The firm has a fifty day simple moving average of $172.84. Cerebras Systems Inc. has a 52 week low of $105.36 and a 52 week high of $386.34. The firm has a market capitalization of $26.74 billion and a price-to-earnings ratio of -1,407.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80.
Cerebras Systems (NASDAQ:CBRS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($2.77). The business 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. As a group, equities analysts predict that Cerebras Systems Inc. will post -0.52 EPS for the current year.
Institutional Investors Weigh In On Cerebras Systems
A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Cerebras Systems in the 3rd quarter valued at about $26,000. GK Wealth Management LLC purchased a new stake in shares of Cerebras Systems during the 3rd quarter worth about $31,000. Silicon Valley Capital Partners purchased a new stake in shares of Cerebras Systems during the 2nd quarter worth about $44,000. Mather Group LLC. acquired a new stake in Cerebras Systems during the 3rd quarter worth approximately $44,000. Finally, CoreCap Advisors LLC acquired a new stake in Cerebras Systems during the 3rd quarter worth approximately $52,000.
Key Cerebras Systems News
Here are the key news stories impacting Cerebras Systems this week:
- Positive Sentiment: Cerebras announced that its AI inference technology will be available through Oracle Cloud Infrastructure, expanding access to its Wafer-Scale Engine for AI labs, enterprises, and developers. The deal gives Cerebras distribution through a major cloud provider and could support future usage and revenue growth. Cerebras and Oracle Team Up to Bring Cerebras AI Inference to Oracle Cloud Infrastructure
- Positive Sentiment: The Oracle collaboration follows partnerships with other major technology companies and strengthens Cerebras’ positioning as an alternative or complement to conventional GPUs for high-speed AI inference. The announcement initially helped drive a sharp rally in CBRS shares. Why Cerebras Systems Stock Jumped on Tuesday
- Neutral Sentiment: Cerebras CTO Sean Lie sold 60,000 shares worth approximately $6.95 million. The transaction reduced his holdings by 18.54%, but it was executed under a pre-arranged Rule 10b5-1 trading plan, making it a weaker insider-selling signal than an unexpected discretionary sale. SEC insider transaction filing
- Negative Sentiment: Culper Research issued a short report questioning the expected lifespan of Cerebras’ chips. The report raises concerns about product durability and long-term economics, prompting selling pressure and increasing skepticism around the company’s valuation. Cerebras Stock Drops After Culper Research Report
- Negative Sentiment: Approximately 19.4 million additional shares became eligible to trade following a lockup expiration. The increase in available supply can create dilution and selling-pressure concerns, particularly after the recent Oracle-driven rally. Cerebras Oracle Cloud Lockup Wave
Analyst Ratings Changes
CBRS has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a research report on Wednesday, August 19th. TD Cowen dropped their price target on shares of Cerebras Systems from $275.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Mizuho dropped their price target 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. Weiss Ratings raised shares of Cerebras Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, October 21st. Finally, Wedbush lifted their price target on shares of Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $289.90.
View Our Latest Stock Report on Cerebras Systems
About Cerebras Systems
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.
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