Cerebras Systems (NASDAQ:CBRS) CTO Sells $4,723,730.54 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CTO Sean Lie sold 21,257 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $222.22, for a total value of $4,723,730.54. Following the completion of the sale, the chief technology officer directly owned 595,449 shares in the company, valued at $132,320,676.78. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sean Lie also recently made the following trade(s):

• 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 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 Performance

CBRS stock opened at $196.13 on Friday. The stock’s 50-day moving average is $208.25. Cerebras Systems Inc. has a 52 week low of $160.81 and a 52 week high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last announced 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% on a year-over-year basis. On average, research analysts expect that Cerebras Systems Inc. will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Cerebras Systems

A number of large investors have recently made changes to their positions in CBRS. Tiger Pacific Capital LP purchased a new position in Cerebras Systems during the 2nd quarter valued at about $221,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Cerebras Systems in the second quarter worth approximately $630,000. Fortitude Advisory Group L.L.C. acquired a new stake in shares of Cerebras Systems during the second quarter worth approximately $705,000. Proficio Capital Partners LLC acquired a new stake in shares of Cerebras Systems during the second quarter worth approximately $1,383,000. Finally, Situational Awareness LP purchased a new position in Cerebras Systems during the second quarter valued at approximately $2,210,000.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Cerebras Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. UBS Group lifted their price target on shares of Cerebras Systems from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Freedom Capital raised Cerebras Systems to a “hold” rating in a report on Monday, June 29th. Citigroup cut their price objective on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of Cerebras Systems in a research note on Wednesday. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, Cerebras Systems has a consensus rating of “Moderate Buy” and an average price target of $299.90.

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.

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.