Engineers Gate Manager LP Takes $21.76 Million Position in Cerebras Systems Inc. $CBRS

Key Points

• Engineers Gate Manager LP acquired 98,463 Cerebras shares worth approximately $21.76 million in the second quarter, joining several other institutions that initiated sizable positions.
• Cerebras reported strong revenue growth of 74.3% year over year to $209.87 million, but its $2.98 quarterly loss per share was far worse than the expected $0.21 loss, highlighting ongoing profitability concerns.
• Analysts remain broadly optimistic, with a “Moderate Buy” consensus and an average price target of $299.90, although substantial recent insider selling—including sales by senior executives—could weigh on investor sentiment.

Engineers Gate Manager LP bought a new position in shares of Cerebras Systems Inc. (NASDAQ:CBRS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 98,463 shares of the company's stock, valued at approximately $21,760,000.

Several other hedge funds have also added to or reduced their stakes in the company. Value Aligned Research Advisors LLC acquired a new stake in Cerebras Systems in the second quarter worth about $241,934,000. Wellington Management Group LLP acquired a new position in Cerebras Systems during the 2nd quarter valued at about $194,853,000. Montanova Capital LLC bought a new position in shares of Cerebras Systems in the 2nd quarter valued at about $37,990,000. Bank of New York Mellon Corp bought a new position in shares of Cerebras Systems in the 2nd quarter valued at about $6,118,000. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in shares of Cerebras Systems during the 2nd quarter worth approximately $5,414,000.

Key Cerebras Systems News

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

• Positive Sentiment: Cerebras holds approximately $25.4 billion in remaining performance obligations, while cloud and services revenue reportedly surged 287% year over year to $127.7 million. More than 600 megawatts of secured capacity could support future inference growth, although data-center deployment is now a key execution requirement. Cerebras: The Inference Bottleneck Winner
• Positive Sentiment: Analyst sentiment remains favorable, with Needham maintaining a $300 price target and Wedbush assigning an outperform rating with a $290 target. The reported consensus rating is “Moderate Buy,” with an average target of $299.90. Cerebras Systems Insider Selling Report
• Neutral Sentiment: Broader AI and robotics developments—including cheaper inference, longer-running AI agents and more commercial deployment—provide a supportive industry backdrop for Cerebras, but the article does not identify a new company-specific contract or catalyst. AI and Robotics in 2026
• Negative Sentiment: CEO Andrew Feldman sold 37,441 shares for approximately $7.9 million, reducing his direct ownership by 68.96%. CTO Sean Lie sold 53,460 shares worth about $11.2 million, and Director Steven Vassallo sold 50,000 shares worth roughly $10.5 million. The cluster of sizable insider sales can weigh on sentiment, even though such transactions may reflect personal financial planning. Cerebras Insider Selling
• Negative Sentiment: Cerebras’ latest quarterly loss of $2.98 per share substantially exceeded the expected loss of $0.21, despite revenue increasing 74.3% year over year to $209.87 million. The earnings miss reinforces concerns about near-term profitability and execution.

Insiders Place Their Bets

In related news, COO Dhiraj Mallick sold 38,889 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $222.22, for a total transaction of $8,641,913.58. Following the sale, the chief operating officer owned 120,000 shares of the company's stock, valued at approximately $26,666,400. This trade represents a 24.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Sean Lie sold 53,460 shares of Cerebras Systems stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $210.16, for a total value of $11,235,153.60. Following the transaction, the chief technology officer owned 345,569 shares in the company, valued at approximately $72,624,781.04. This represents a 13.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,432,179 shares of company stock worth $295,596,648 over the last 90 days.

Cerebras Systems Stock Performance

Shares of NASDAQ:CBRS opened at $196.20 on Thursday. The company has a 50 day moving average price of $202.42. Cerebras Systems Inc. has a fifty-two week low of $160.81 and a fifty-two week high of $386.34.

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 for the quarter. The business's revenue for the quarter was up 74.3% on a year-over-year basis. On average, analysts forecast that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CBRS has been the topic of several analyst reports. 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $300.00 target price on shares of Cerebras Systems in a report on Wednesday, August 19th. Zacks Research upgraded shares of Cerebras Systems to a "hold" rating in a research report on Tuesday, June 9th. Barclays started coverage on Cerebras Systems in a research note on Monday, June 8th. They issued an "overweight" rating and a $280.00 price target on the stock. Finally, Wall Street Zen raised Cerebras Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned 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.

Cerebras Systems Profile

Cerebras Systems develops specialized computing systems and software for artificial intelligence (AI) and machine-learning workloads. The company's technology is designed to accelerate the training and deployment of large AI models by combining high-performance processors, memory, networking and software into integrated computing platforms.

Its principal products include the Wafer-Scale Engine (WSE), a processor built on a single semiconductor wafer, and the CS-3 AI supercomputer, which is based on the company's wafer-scale architecture.

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