8,128 Shares of Cerebras Systems Inc. $CBRS Purchased by Cohen Capital Management Inc.

Key Points

• Cohen Capital Management bought 8,128 Cerebras Systems shares worth approximately $1.44 million in the third quarter, joining several major institutions that recently initiated positions.
• Cerebras reported $209.87 million in quarterly revenue, up 74.3% year over year, but its $2.98 loss per share significantly missed analysts’ $0.21 loss estimate.
• The stock opened at $149.09, well below its 52-week high of $386.34, while analysts maintained a broadly bullish outlook with a “Moderate Buy” consensus and an average price target of $299.90; however, substantial insider selling remains a risk.

Cohen Capital Management Inc. purchased a new stake in shares of Cerebras Systems Inc. (NASDAQ:CBRS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,128 shares of the company's stock, valued at approximately $1,444,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Value Aligned Research Advisors LLC bought a new position in shares of Cerebras Systems during the second quarter valued at approximately $241,934,000. Wellington Management Group LLP purchased a new stake in shares of Cerebras Systems in the second quarter worth $194,853,000. State Street Corp purchased a new stake 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 valued at $88,400,000. Finally, Montanova Capital LLC bought a new position in shares of Cerebras Systems during the second quarter valued at $37,990,000.

Cerebras Systems Price Performance

Shares of NASDAQ:CBRS opened at $149.09 on Wednesday. The company has a quick ratio of 5.80, a current ratio of 5.82 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $196.51. Cerebras Systems Inc. has a fifty-two week low of $142.07 and a fifty-two week high of $386.34.

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

Insider Activity at Cerebras Systems

In related news, Director Steven Vassallo sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $210.30, for a total value of $10,515,000.00. Following the sale, the director owned 171,977 shares in the company, valued at approximately $36,166,763.10. This trade represents a 22.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric Vishria sold 68,268 shares of Cerebras Systems stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $229.77, for a total transaction of $15,685,938.36. Following the completion of the sale, the director directly owned 31,383 shares of the company's stock, valued at approximately $7,210,871.91. This trade represents a 68.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,864,452 shares of company stock valued at $387,680,754 over the last quarter.

Analysts Set New Price Targets

CBRS has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Cerebras Systems to an "outperform" rating in a research note on Monday, October 5th. UBS Group raised their price target on shares of Cerebras Systems from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Mizuho decreased their price objective on shares of Cerebras Systems from $310.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, August 13th. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of Cerebras Systems in a report on Wednesday, August 19th. Finally, Freedom Capital raised Cerebras Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $299.90.

Key Cerebras Systems News

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

• Positive Sentiment: A Wall Street analyst reportedly believes Cerebras could potentially double from current levels, citing the company’s AI infrastructure opportunity despite its substantial decline from its IPO-era highs. Cerebras Systems Could Double According to Analyst
• Positive Sentiment: Cerebras has accumulated a reported $25.4 billion backlog, creating the potential for significant future revenue and higher-margin growth if it can convert those commitments into shipments and operating profits. Cerebras Backlog and High-Margin Growth
• Positive Sentiment: CEO Andrew Feldman described a possible future in which households use dedicated AI appliances, highlighting a potentially large consumer market for Cerebras’ fast AI-computing technology. Cerebras CEO on Personal AI Assistants
• Neutral Sentiment: Cerebras generates more revenue than SoundHound AI and has grown rapidly, but its quarterly growth has been more volatile. The comparison reinforces strong scale while highlighting execution risk. Cerebras Versus SoundHound AI Revenue Trends
• Negative Sentiment: Up to 19.4 million additional shares could become eligible for sale under Cerebras’ staggered IPO lock-up, increasing the risk of insider and early-investor selling pressure. Cerebras Share Unlock
• Negative Sentiment: Reports that OpenAI assigned a high-profile workload to a rival, alongside Microsoft-related chip developments, have raised concerns about competition and Cerebras’ ability to win major AI customers. Cerebras OpenAI and Microsoft Chip News
• Negative Sentiment: One DCF analysis concludes CBRS may still be overvalued despite trading roughly half its early-2026 level, keeping valuation concerns prominent for risk-averse investors. Cerebras DCF Valuation Analysis

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.

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