Cerebras Systems Inc. $CBRS Shares Newly Acquired by Inspire Investing LLC

Key Points

• Inspire Investing acquired 15,420 Cerebras shares during the third quarter, valued at approximately $2.74 million, while several other institutions also initiated or increased positions.
• Cerebras insiders sold 1.86 million shares worth approximately $387.7 million over the past three months, including substantial sales by the CTO and CFO under pre-arranged Rule 10b5-1 plans.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $289.90 price target, although the company missed its latest EPS estimate by a wide margin despite 74.3% year-over-year revenue growth.

Inspire Investing LLC acquired a new position in Cerebras Systems Inc. (NASDAQ:CBRS - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,420 shares of the company's stock, valued at approximately $2,739,000.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Trust Services Inc. acquired a new stake in Cerebras Systems in the 3rd quarter valued at approximately $26,000. GK Wealth Management LLC bought a new position in Cerebras Systems in the 3rd quarter worth approximately $31,000. Silicon Valley Capital Partners bought a new position in Cerebras Systems in the 2nd quarter worth approximately $44,000. B. Riley Wealth Advisors Inc. increased its position in Cerebras Systems by 16.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,588 shares of the company's stock worth $282,000 after buying an additional 221 shares during the period. Finally, Mather Group LLC. bought a new position in Cerebras Systems in the 3rd quarter worth approximately $44,000.

Insider Activity at Cerebras Systems

In related news, CTO Sean Lie sold 120,000 shares of the company's stock in a transaction on Friday, September 25th. The stock was sold at an average price of $208.97, for a total value of $25,076,400.00. Following the completion of the transaction, the chief technology officer directly owned 309,569 shares in the company, valued at approximately $64,690,633.93. This represents a 27.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Patrick Jr. Komin sold 32,500 shares of the firm's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $203.53, for a total value of $6,614,725.00. Following the completion of the transaction, the chief financial officer directly owned 30,670 shares of the company's stock, valued at approximately $6,242,265.10. This trade represents a 51.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,864,452 shares of company stock worth $387,680,754 in the last three months.

Analysts Set New Price Targets

A number of brokerages have recently commented on CBRS. Wall Street Zen upgraded Cerebras Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Jefferies Financial Group upgraded shares of Cerebras Systems to an "outperform" rating in a research note on Monday, October 5th. Morgan Stanley boosted their target price on shares of Cerebras Systems from $273.00 to $279.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. UBS Group boosted their target price on shares of Cerebras Systems from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of Cerebras Systems in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $289.90.

Cerebras Systems Stock Performance

NASDAQ CBRS opened at $110.82 on Friday. Cerebras Systems Inc. has a twelve month low of $106.13 and a twelve month high of $386.34. The company has a market capitalization of $26.33 billion and a PE ratio of -1,385.25. The company has a 50-day moving average of $179.68. The company has a current ratio of 5.82, a quick ratio of 5.80 and a debt-to-equity ratio of 0.02.

Cerebras Systems (NASDAQ:CBRS - Get Free Report) last issued 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 company had revenue of $209.87 million during the quarter. The business's quarterly revenue was up 74.3% on a year-over-year basis. Research analysts forecast that Cerebras Systems Inc. will post -0.52 earnings per share for the current fiscal year.

More Cerebras Systems News

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

• Positive Sentiment: A bullish Seeking Alpha analysis argues that the selloff has created an attractive entry point. Cerebras reported 103% year-over-year growth in second-quarter core revenue, $25.4 billion in remaining performance obligations and more than $8.6 billion in cash. Management expects 2027 core revenue to more than triple, while AMD integration could potentially increase throughput by approximately fivefold. Cerebras: I Waited For This Entry Point
• Positive Sentiment: Another analysis says Wall Street analysts continue to raise their price targets despite Cerebras Systems having fallen more than 60% since its initial public offering, implying significant potential upside if the company meets its growth forecasts. Cerebras Systems Analyst Price Target Outlook
• Neutral Sentiment: A broader AI-chip feature highlights Nvidia and Broadcom rather than Cerebras, underscoring strong industry demand but offering no direct new catalyst for CBRS. 3 Magnificent AI Chip Stocks That Could Help Set You Up for Life
• Neutral Sentiment: Market-data coverage for Cerebras Systems provided financial summary information without identifying a new company-specific development. Cerebras Systems Financial Summary
• Negative Sentiment: Zacks said Applied Optoelectronics currently has an edge over Cerebras in the AI-infrastructure race because of stronger optical demand, capacity expansion and a better earnings outlook. AAOI vs. CBRS
• Negative Sentiment: TD Cowen trimmed its price target, while a separate report cited an analyst downgrade. These actions add pressure after Cerebras missed the latest quarterly EPS consensus by a wide margin, despite 74.3% year-over-year revenue growth. Cerebras Stock Gets Price Target Trim Cerebras Stock Price Down on Analyst Downgrade

Cerebras Systems Company 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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