Bokf Na Makes New $1.97 Million Investment in Cerebras Systems Inc. $CBRS

Bokf Na bought a new stake in Cerebras Systems Inc. (NASDAQ:CBRS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,101 shares of the company's stock, valued at approximately $1,972,000.

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

More Cerebras Systems News

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

• Positive Sentiment: Cerebras’ partnerships with Oracle Cloud Infrastructure and AWS are expanding access to its AI inference technology. The deals strengthen its position as an alternative to traditional GPU-based systems and could support future usage and revenue growth. Cerebras expands AI footprint with Oracle
• Neutral Sentiment: Intel’s latest results beat earnings expectations but included weaker guidance. The shortfall was tied primarily to soft PC demand rather than AI spending, making the read-through to Cerebras’ AI business limited, although it may still weigh on sentiment across semiconductor stocks. Why Cerebras Stock Dropped Today
• Neutral Sentiment: CTO Sean Lie sold 60,000 shares worth about $6.95 million, reducing his direct stake by 18.54%. Because the sale was conducted under a pre-arranged Rule 10b5-1 plan, it is a less concerning signal than discretionary insider selling, though the transaction may still attract investor attention. Cerebras CTO insider sale
• Negative Sentiment: Block & Leviton and Levi & Korsinsky announced investigations into possible securities-law violations, while Johnson Fistel is conducting a separate investigation following a short-seller report. These announcements increase legal and reputational risk and are likely contributing to selling pressure. Block and Leviton Cerebras investigation
• Negative Sentiment: Culper Research has questioned the expected lifespan and economics of Cerebras’ chips. The report adds uncertainty around product durability, long-term margins and the justification for CBRS’s valuation. In addition, a lockup expiration reportedly made approximately 19.4 million shares eligible for trading, increasing potential supply and selling pressure.

Cerebras Systems Stock Down 5.2%

Shares of NASDAQ CBRS opened at $109.18 on Friday. The company has a market capitalization of $25.94 billion and a price-to-earnings ratio of -1,364.75. Cerebras Systems Inc. has a 12-month low of $104.18 and a 12-month high of $386.34. The business's fifty day moving average is $168.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.80 and a current ratio of 5.82.

Cerebras Systems (NASDAQ:CBRS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $209.87 million during the quarter. Cerebras Systems's revenue was up 74.3% on a year-over-year basis. On average, equities analysts predict that Cerebras Systems Inc. will post -0.52 earnings per share for the current year.

Insider Buying and Selling at Cerebras Systems

In other Cerebras Systems news, CFO Robert Patrick Jr. Komin sold 32,500 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $203.53, for a total transaction of $6,614,725.00. Following the completion of the transaction, the chief financial officer owned 30,670 shares of the company's stock, valued at $6,242,265.10. This represents a 51.45% decrease in their position. The transaction 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. Also, COO Dhiraj Mallick sold 396,000 shares of the company's stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $204.04, for a total transaction of $80,799,840.00. Following the completion of the transaction, the chief operating officer owned 396,000 shares in the company, valued at approximately $80,799,840. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,924,452 shares of company stock valued at $394,628,154.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Freedom Capital upgraded shares of Cerebras Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Wall Street Zen raised Cerebras Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings upgraded Cerebras Systems from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday, October 21st. Citigroup lowered their target price on Cerebras Systems from $340.00 to $320.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Finally, TD Cowen lowered their price objective on Cerebras Systems from $275.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cerebras Systems presently has an average rating of "Moderate Buy" and a consensus price target of $289.90.

Cerebras Systems Profile

Cerebras Systems is a technology company that develops specialized computing systems for artificial intelligence and high-performance computing. Its core product is the Wafer-Scale Engine, a processor designed to provide large-scale computing capacity and high-speed data movement for training and running AI models.

The company offers integrated AI computing systems, including the Cerebras CS series, which combines its wafer-scale processors with supporting hardware and software. Cerebras also provides access to its technology through cloud-based services, enabling businesses, research organizations and other users to develop and deploy AI applications without operating the underlying systems themselves.

Founded in 2015 and headquartered in Sunnyvale, California, Cerebras serves customers in sectors such as technology, government, scientific research and other data-intensive industries.

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