Cerebras Systems (NASDAQ:CBRS) CAO Sells $269,940.00 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CAO Yagnesh Patel sold 1,320 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $204.50, for a total transaction of $269,940.00. Following the sale, the chief accounting officer directly owned 15,356 shares of the company’s stock, valued at approximately $3,140,302. The trade was a 7.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Yagnesh Patel sold 4,574 shares of Cerebras Systems stock. The stock was sold at an average price of $222.22, for a total value of $1,016,434.28.

Cerebras Systems Stock Performance

Shares of Cerebras Systems stock opened at $166.43 on Friday. The company has a market cap of $39.54 billion and a PE ratio of -2,080.38. The company has a current ratio of 5.82, a quick ratio of 5.80 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $201.27. Cerebras Systems Inc. has a one year low of $160.81 and a one year high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last released 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 business had revenue of $209.87 million during the quarter. The company’s quarterly revenue was up 74.3% compared to the same quarter last year. Analysts predict that Cerebras Systems Inc. will post -0.52 EPS for the current year.

Analysts Set New Price Targets

CBRS has been the subject of several analyst reports. Wall Street Zen raised shares of Cerebras Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Citigroup dropped their price target on shares of Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a research note on Wednesday, August 19th. Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. Finally, Morgan Stanley lifted their target price on shares of Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $299.90.

Institutional Trading of Cerebras Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBRS. Value Aligned Research Advisors LLC purchased a new stake in Cerebras Systems during the 2nd quarter valued at approximately $241,934,000. Wellington Management Group LLP purchased a new position in shares of Cerebras Systems in the second quarter worth $194,853,000. State Street Corp purchased a new position in shares of Cerebras Systems in the second quarter worth $105,343,000. Dragoneer Investment Group LLC bought a new position in shares of Cerebras Systems during the second quarter worth $88,400,000. Finally, Montanova Capital LLC purchased a new position in Cerebras Systems during the second quarter valued at $37,990,000.

Key Stories 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

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.