Insider Selling: Cerebras Systems (NASDAQ:CBRS) CEO Sells $5,920,829.68 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS - Get Free Report) CEO Andrew Feldman sold 26,644 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $222.22, for a total transaction of $5,920,829.68. Following the completion of the sale, the chief executive officer owned 66,853 shares in the company, valued at approximately $14,856,073.66. This trade represents a 28.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cerebras Systems Stock Down 2.0%

• Speed Sells: Cerebras Cracks the Silicon Ceiling

Shares of NASDAQ:CBRS opened at $215.69 on Thursday. Cerebras Systems Inc. has a 12 month low of $160.81 and a 12 month high of $386.34. The firm has a 50-day simple moving average of $208.94.

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 for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The business had revenue of $209.87 million during the quarter. The business's quarterly revenue was up 74.3% compared to the same quarter last year. On average, sell-side analysts forecast that Cerebras Systems Inc. will post -0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

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• Cerebras Sells Off After Earnings: Is This a Market Disconnection?

Several research firms recently weighed in on CBRS. Wall Street Zen upgraded Cerebras Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Freedom Capital raised shares of Cerebras Systems to a "hold" rating in a research note on Monday, June 29th. Craig Hallum began coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They set a "buy" rating and a $325.00 price objective on the stock. UBS Group increased their target price on shares of Cerebras Systems from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, TD Cowen started coverage on shares of Cerebras Systems in a report on Monday, June 8th. They issued a "buy" rating and a $275.00 target price for the company. One 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 assigned a Sell rating to the company. According to MarketBeat.com, Cerebras Systems presently has an average rating of "Moderate Buy" and an average price target of $299.90.

Get Our Latest Analysis on CBRS

Trending Headlines about Cerebras Systems

• AMD and Cerebras Create A New Blueprint For Hardware

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

• Positive Sentiment: Cerebras unveiled its CS-4 rack-scale AI accelerator, claiming it can deliver up to 30 times faster inference than GPU-based solutions. The company is targeting the growing market for real-time AI applications and chatbot queries. Cerebras Unveils CS-4
• Positive Sentiment: Analysts at Rosenblatt Securities and Needham reaffirmed “buy” ratings and set $300 price targets, implying substantial upside from the recent trading level. The broader analyst consensus remains “Moderate Buy.”
• Positive Sentiment: Trading in CBRS call options was unusually active, with investors purchasing 57,909 calls—about 42% above typical volume—indicating increased speculative interest in a possible rebound.
• Positive Sentiment: Investor attention is also supported by Cerebras’ wafer-scale technology, reported progress with OpenAI, and partnerships involving AMD and Amazon. A large backlog and strong AI-inference demand could support future growth. Cerebras comeback hinges on new chip
• Neutral Sentiment: The CS-4’s “30 times faster” figure is a company claim that still requires validation through customer adoption, independent benchmarks, and commercial deployments. The launch may therefore create enthusiasm without immediately changing financial results.
• Negative Sentiment: Director Eric Vishria sold 68,268 shares for approximately $15.7 million, reducing his direct ownership by 68.5%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, but its size may still weigh on sentiment. SEC insider sale filing
• Negative Sentiment: Director Steven Vassallo separately sold 50,000 shares worth about $10.9 million, cutting his ownership by 50.2%. Two sizable insider sales in a short period can reinforce profit-taking concerns.
• Negative Sentiment: Cerebras recently reported a $2.98-per-share loss versus the expected $0.21 loss, despite revenue growth of 74.3% to $209.9 million. The large earnings miss keeps profitability and valuation as key risks.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in shares of Cerebras Systems in the second quarter worth approximately $6,118,000. Tiger Pacific Capital LP purchased a new position in Cerebras Systems during the 2nd quarter valued at $221,000. Ratan Capital Management LP purchased a new position in Cerebras Systems during the 2nd quarter valued at $4,641,000. Finally, Wellington Management Group LLP bought a new position in Cerebras Systems in the 2nd quarter valued at $194,853,000.

Cerebras Systems Company Profile

(Get Free Report)

Cerebras Systems is a technology company focused on building artificial intelligence infrastructure, including hardware and software designed to accelerate deep learning and large-scale AI workloads. The company is best known for its wafer-scale processor architecture, which is intended to provide high-performance compute for training and inference applications.

In addition to its AI chips, Cerebras offers systems and related software tools that support researchers and enterprises working with machine learning models.

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