Cerebras Systems (NASDAQ:CBRS) CAO Yagnesh Patel Sells 4,574 Shares of Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CAO Yagnesh Patel sold 4,574 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $222.22, for a total transaction of $1,016,434.28. Following the completion of the sale, the chief accounting officer owned 16,676 shares in the company, valued at $3,705,740.72. This represents a 21.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Yagnesh Patel also recently made the following trade(s):

• On Thursday, June 25th, Yagnesh Patel sold 6,079 shares of Cerebras Systems stock. The shares were sold at an average price of $171.53, for a total transaction of $1,042,730.87.
• On Friday, June 26th, Yagnesh Patel sold 3,954 shares of Cerebras Systems stock. The stock was sold at an average price of $174.03, for a total transaction of $688,114.62.
• On Thursday, June 25th, Yagnesh Patel sold 46 shares of Cerebras Systems stock. The shares were sold at an average price of $189.36, for a total transaction of $8,710.56.

Cerebras Systems Price Performance

Shares of CBRS traded down $5.84 on Thursday, hitting $209.85. The company’s stock had a trading volume of 6,684,719 shares, compared to its average volume of 7,543,250. The business has a 50 day moving average price of $208.60. Cerebras Systems Inc. has a fifty-two week low of $160.81 and a fifty-two week high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The company had revenue of $209.87 million for the quarter. The company’s revenue for the quarter was up 74.3% on a year-over-year basis. On average, sell-side analysts anticipate that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CBRS shares. TD Cowen assumed coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued a “buy” rating and a $275.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a report on Wednesday. Weiss Ratings started coverage on shares of Cerebras Systems in a report on Thursday, August 13th. They issued a “sell (d)” rating for the company. Craig Hallum started coverage on Cerebras Systems in a research report on Monday, June 8th. They set a “buy” rating and a $325.00 target price for the company. Finally, Wedbush boosted their price objective on shares of Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.90.

Trending Headlines about Cerebras Systems

Here are the key news stories impacting Cerebras Systems this week:

• 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CBRS. Tiger Pacific Capital LP purchased a new stake in Cerebras Systems in the 2nd quarter valued at $221,000. Proficio Capital Partners LLC purchased a new stake in Cerebras Systems in the 2nd quarter valued at about $1,383,000. Ratan Capital Management LP bought a new stake in Cerebras Systems during the second quarter worth $4,641,000. Bank of New York Mellon Corp bought a new stake in Cerebras Systems during the second quarter worth $6,118,000. Finally, Montanova Capital LLC purchased a new position in Cerebras Systems in the second quarter worth $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.