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

Key Points

• Cerebras CAO Yagnesh Patel sold 1,320 shares at an average price of $204.50, generating $269,940. The transaction, conducted under a Rule 10b5-1 plan, reduced his position by 7.92% to 15,356 shares.
• CBRS shares fell 8.9% to $177.65, amid elevated trading volume. The stock remains well below its 52-week high of $386.34 and has a market capitalization of approximately $42.2 billion.
• Cerebras missed quarterly earnings expectations, reporting an adjusted loss of $2.98 per share versus the $0.21 consensus estimate, despite 74.3% year-over-year revenue growth to $209.87 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $299.90.

Cerebras Systems Inc. (NASDAQ:CBRS - Get Free Report) CAO Yagnesh Patel sold 1,320 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 15,356 shares in the company, valued at $3,140,302. The trade was a 7.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $1,016,434.28.

Cerebras Systems Stock Down 8.9%

Shares of Cerebras Systems stock traded down $17.30 during trading hours on Wednesday, hitting $177.65. The company's stock had a trading volume of 13,826,933 shares, compared to its average volume of 7,047,298. Cerebras Systems Inc. has a 1-year low of $160.81 and a 1-year high of $386.34. The firm has a fifty day moving average price of $203.58. The firm has a market cap of $42.20 billion and a P/E ratio of -2,220.62. The company has a quick ratio of 5.80, a current ratio of 5.82 and a debt-to-equity ratio of 0.02.

Cerebras Systems (NASDAQ:CBRS - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($2.98) 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 firm's revenue was up 74.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Cerebras Systems Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Cerebras Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Silicon Valley Capital Partners acquired a new position in shares of Cerebras Systems in the second quarter worth about $44,000. IFP Advisors Inc acquired a new stake in Cerebras Systems during the 2nd quarter valued at approximately $169,000. Integrated Wealth Concepts LLC purchased a new stake in Cerebras Systems during the 2nd quarter worth approximately $197,000. Corient Private Wealth LP purchased a new stake in Cerebras Systems during the 2nd quarter worth approximately $205,000. Finally, Tiger Pacific Capital LP acquired a new position in shares of Cerebras Systems in the 2nd quarter valued at approximately $221,000.

Analyst Upgrades and Downgrades

CBRS has been the subject of several analyst reports. Zacks Research raised Cerebras Systems to a "hold" rating in a research report on Tuesday, June 9th. UBS Group boosted their price target on Cerebras Systems from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Weiss Ratings cut Cerebras Systems from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday. Craig Hallum began coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They issued a "buy" rating and a $325.00 price objective for the company. Finally, Mizuho dropped their price objective on shares of Cerebras Systems from $310.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average 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: New customer wins support inference growth. General Compute selected Cerebras to provide ultra-fast inference for agentic coding, expanding the company’s potential AI workload base. General Compute Selects Cerebras to Bring Ultra-Fast Inference to Agentic Coding
• Positive Sentiment: Gimlet Labs partnership adds another bullish catalyst. Reports tied the partnership to a sharp intraday gain, suggesting investors view Cerebras’ technology and software ecosystem as increasingly relevant to AI infrastructure demand. Cerebras Systems Stock Rises on Gimlet Labs Partnership
• Positive Sentiment: Backlog and capacity expansion remain long-term positives. Cerebras reportedly has a $25.4 billion backlog, while expanding data-center capacity and improving margins could help it compete with NVIDIA and AMD if demand converts into revenue. CBRS Backlog Rides on Strong AI Demand
• Neutral Sentiment: Options activity increased. Investors purchased about 45,379 call options, roughly 14% above average call volume, indicating heightened speculative interest but not guaranteeing a sustained rally.
• Neutral Sentiment: Analysts remain divided on the investment case. Commentary highlights Cerebras’ rapid AI growth and backlog, but also questions whether benchmark advantages translate into durable competitive strength. Revenue growth has been strong year over year, although recent sequential performance lagged Nebius. Cerebras Systems Benchmark Numbers Do Not Make This a Winner
• Negative Sentiment: A 19.4 million-share unlock is pressuring the stock. The newly available shares increase potential supply and dilution-related selling pressure. Cerebras Stock Falls as Share Unlock Hits
• Negative Sentiment: Reports that OpenAI may be shifting workloads toward NVIDIA chips weakened the bullish narrative. Investors are concerned that OpenAI’s latest model is not running on Cerebras hardware and that a reported OpenAI-NVIDIA partnership could limit Cerebras’ customer momentum. Cerebras Stock Plunges on OpenAI-NVIDIA Partnership Reports
• Negative Sentiment: Insider selling added to investor caution. CTO Sean Lie sold 120,000 shares worth approximately $25.1 million under a pre-arranged Rule 10b5-1 plan, reducing his holdings by about 28%. Cerebras CTO Share Sale

Cerebras Systems Company Profile

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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