Cerebras Systems (NASDAQ:CBRS) COO Sells $80,799,840.00 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) COO Dhiraj Mallick sold 396,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $204.04, for a total value of $80,799,840.00. Following the transaction, the chief operating officer owned 396,000 shares of the company’s stock, valued at approximately $80,799,840. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dhiraj Mallick also recently made the following trade(s):

• On Tuesday, August 18th, Dhiraj Mallick sold 38,889 shares of Cerebras Systems stock. The shares were sold at an average price of $222.22, for a total value of $8,641,913.58.

Cerebras Systems Trading Down 1.8%

Shares of NASDAQ CBRS opened at $166.43 on Friday. The firm’s fifty day moving average is $201.27. 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 Inc. has a 12-month low of $160.81 and a 12-month high of $386.34. The company has a market cap of $39.54 billion and a PE ratio of -2,080.38.

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 analysts’ consensus estimates of ($0.21) by ($2.77). The firm had revenue of $209.87 million for the quarter. The company’s revenue was up 74.3% compared to the same quarter last year. On average, equities analysts predict that Cerebras Systems Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cerebras Systems

Several institutional investors have recently modified their holdings of the company. Value Aligned Research Advisors LLC acquired a new position in Cerebras Systems during the second quarter worth $241,934,000. Wellington Management Group LLP purchased a new position in Cerebras Systems in the second quarter valued at approximately $194,853,000. State Street Corp acquired a new position in shares of Cerebras Systems during the second quarter worth about $105,343,000. Dragoneer Investment Group LLC acquired a new stake in Cerebras Systems in the second quarter valued at approximately $88,400,000. Finally, Montanova Capital LLC purchased a new stake in shares of Cerebras Systems during the second quarter valued at approximately $37,990,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBRS. Freedom Capital raised Cerebras Systems to a “hold” rating in a report on Monday, June 29th. Craig Hallum assumed coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued a “buy” rating and a $325.00 target price for the company. TD Cowen initiated coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $275.00 target price on the stock. Weiss Ratings cut shares of Cerebras Systems from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, September 25th. Finally, Wedbush boosted 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $299.90.

Key Headlines Impacting Cerebras Systems

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

• Positive Sentiment: Analyst pushes back on OpenAI concerns: A recent analyst argued that fears of OpenAI moving its AI workloads away from Cerebras are overblown and described competition from NVIDIA as exaggerated. The bullish view helped support the stock after its recent selloff. Cerebras Systems Stock Rises After Analyst Calls OpenAI Fears Overblown
• Positive Sentiment: Long-term AI demand remains a support: Cerebras continues to benefit from an attractive AI-inference market opportunity, while analysts have generally maintained positive ratings and price targets well above the current trading level. However, the company’s most recent quarterly loss significantly exceeded consensus expectations despite strong revenue growth.
• Neutral Sentiment: Valuation remains difficult to assess: Cerebras is valued on expected AI growth, backlog and technology advantages rather than current earnings. Analysts remain broadly constructive, but investors are debating whether its performance advantages will translate into durable market share and profitability. Cerebras Systems This Is Not a Golden Buying Opportunity
• Negative Sentiment: Multiple executives sold shares: COO Dhiraj Mallick sold 396,000 shares worth about $80.8 million, CFO Robert Patrick Jr. Komin sold 32,500 shares worth roughly $6.6 million, and CAO Yagnesh Patel sold 1,320 shares. The transactions were made under pre-arranged Rule 10b5-1 plans, but their scale—particularly the COO’s sale—has increased investor concern and selling pressure. Cerebras Executive Insider Sale
• Negative Sentiment: Competitive and customer risks persist: Reports that OpenAI may be shifting some of its fastest AI models toward NVIDIA hardware have raised concerns about Cerebras’ anchor-customer relationship and future growth. The stock also slipped below its IPO price as insider-sale filings added to the negative narrative. Cerebras Slipped Below Its IPO Price as Insiders Filed to Sell

Cerebras Systems Company Profile

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.