Cerebras Systems (NASDAQ:CBRS) CTO Sells $25,076,400.00 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CTO Sean Lie sold 120,000 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $208.97, for a total value of $25,076,400.00. Following the completion of the sale, the chief technology officer directly owned 309,569 shares of the company’s stock, valued at approximately $64,690,633.93. This trade represents a 27.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 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 transaction 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 transaction of $147,631,941.42.
• On Friday, August 21st, Sean Lie sold 16,293 shares of Cerebras Systems stock. The stock was sold at an average price of $210.01, for a total transaction 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 transaction of $4,723,730.54.

Cerebras Systems Trading Down 8.9%

CBRS stock opened at $177.65 on Thursday. The firm’s 50 day moving average is $202.93. Cerebras Systems Inc. has a 12-month low of $160.81 and a 12-month high of $386.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.80 and a current ratio of 5.82. The firm has a market cap of $42.20 billion and a P/E ratio of -2,220.62.

Cerebras Systems (NASDAQ:CBRS) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) EPS 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 business’s revenue was up 74.3% compared to the same quarter last year. Sell-side analysts forecast that Cerebras Systems Inc. will post -0.52 earnings per share for the current fiscal year.

Key Headlines Impacting Cerebras Systems

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

• Positive Sentiment: New customer and partner activity: General Compute selected Cerebras to provide ultra-fast inference for agentic coding, while Gimlet Labs reportedly partnered with the company. These developments could support future demand for Cerebras’ AI systems. General Compute Selects Cerebras to Bring Ultra-Fast Inference to Agentic Coding Cerebras Systems Stock Rises on Gimlet Labs Partnership
• Positive Sentiment: Strong AI backlog: A reported $25.4 billion backlog, expanding data-center capacity and improving margins remain bullish arguments for Cerebras as it competes with NVIDIA and AMD. Unusually high call-option activity also indicates speculative bullish interest. CBRS’ Backlog Rides on Strong AI Demand
• Neutral Sentiment: Analyst and valuation debate: Analysts remain generally constructive, with a reported consensus “Moderate Buy” rating and price target near $300, but commentary questions whether benchmark advantages will translate into durable earnings and market share.
• Negative Sentiment: Share unlock increases supply: Approximately 19.4 million shares became eligible to enter the market, creating near-term dilution and selling pressure. Reports also questioned whether OpenAI’s latest GPT-6.1 model is running on Cerebras hardware. Cerebras Stock Falls as 19.4 Million-Share Unlock Hits
• Negative Sentiment: Competitive concerns: Reports that OpenAI may be shifting toward NVIDIA chips intensified fears that Cerebras could lose or fail to expand a major AI customer relationship. Cerebras Stock Plunges on OpenAI-NVIDIA Partnership Reports
• Negative Sentiment: Heavy insider selling: The COO sold $80.8 million of shares, the CFO sold $6.6 million, the CTO sold $25.1 million, and the chief accounting officer sold about $270,000. All were conducted under pre-arranged Rule 10b5-1 plans, but the scale of selling may weigh on sentiment.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays started coverage on Cerebras Systems in a research report on Monday, June 8th. They issued an “overweight” rating and a $280.00 price target for the company. Wedbush increased their price objective on shares of Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Freedom Capital upgraded shares of Cerebras Systems to a “hold” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. Finally, UBS Group upped their price target on shares of Cerebras Systems from $320.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $299.90.

Institutional Trading of Cerebras Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp purchased a new stake in Cerebras Systems during the 2nd quarter worth about $105,343,000. Silicon Valley Capital Partners purchased a new position in Cerebras Systems in the 2nd quarter valued at about $44,000. Smith Chas P & Associates PA Cpas acquired a new stake in shares of Cerebras Systems during the 2nd quarter worth about $598,000. Dragoneer Investment Group LLC purchased a new stake in shares of Cerebras Systems during the second quarter worth about $88,400,000. Finally, National Pension Service purchased a new stake in shares of Cerebras Systems during the second quarter worth about $2,210,000.

About Cerebras Systems

Cerebras Systems is an artificial intelligence computing company that develops specialized hardware and software for training and deploying large AI models. The company’s technology is designed to address the computational demands of generative AI, deep learning and other data-intensive workloads.

Its core products include the Wafer-Scale Engine, a purpose-built AI processor produced on a single silicon wafer, and the CS-3 AI supercomputer, which incorporates that processor into an integrated computing system.