Key Points
- CTO Sean Lie sold 710,247 Cerebras shares for approximately $147.6 million at an average price of $207.86, reducing his ownership by 65.81% to 368,926 shares. He also reported additional sales in August.
- Cerebras reported $209.87 million in quarterly revenue, up 74.3% year over year, but its $2.98 per-share loss dramatically missed the expected $0.21 loss, raising concerns about profitability and execution.
- Analysts remain broadly optimistic, with a “Moderate Buy” consensus and an average price target of $299.90, although targets were mixed and the stock recently traded near $196, well below its one-year high of $386.34.
Cerebras Systems Inc. (NASDAQ:CBRS - Get Free Report) CTO Sean Lie sold 16,293 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $210.01, for a total transaction of $3,421,692.93. Following the sale, the chief technology officer directly owned 368,926 shares in the company, valued at $77,478,149.26. This trade represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Sean Lie also recently made the following trade(s):
- On Thursday, August 20th, Sean Lie sold 710,247 shares of Cerebras Systems stock. The shares were sold at an average price of $207.86, for a total value of $147,631,941.42.
- On Tuesday, August 18th, Sean Lie sold 21,257 shares of Cerebras Systems stock. The shares were sold at an average price of $222.22, for a total value of $4,723,730.54.
- On Thursday, June 25th, Sean Lie sold 10,033 shares of Cerebras Systems stock. The stock was sold at an average price of $170.07, for a total value of $1,706,312.31.
Cerebras Systems Stock Down 6.5%
Shares of CBRS stock opened at $196.13 on Friday. Cerebras Systems Inc. has a fifty-two week low of $160.81 and a fifty-two week high of $386.34. The business has a 50 day simple moving average of $208.25.
Cerebras Systems (NASDAQ:CBRS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $209.87 million during the quarter. The company's quarterly revenue was up 74.3% on a year-over-year basis. On average, research analysts anticipate that Cerebras Systems Inc. will post -0.52 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in CBRS. Tiger Pacific Capital LP acquired a new position in shares of Cerebras Systems during the second quarter valued at about $221,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Cerebras Systems in the 2nd quarter worth about $630,000. Proficio Capital Partners LLC bought a new position in Cerebras Systems in the 2nd quarter valued at about $1,383,000. Situational Awareness LP bought a new position in Cerebras Systems in the 2nd quarter valued at about $2,210,000. Finally, Raiffeisen Bank International AG bought a new stake in Cerebras Systems during the 2nd quarter worth approximately $4,323,000.
Analysts Set New Price Targets
A number of equities research analysts have commented on CBRS shares. Needham & Company LLC restated a "buy" rating and issued a $300.00 price target on shares of Cerebras Systems in a report on Wednesday. Wall Street Zen raised shares of Cerebras Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. UBS Group raised their target price on Cerebras Systems from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Mizuho decreased their target price on Cerebras Systems from $310.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. Finally, Craig Hallum began coverage on Cerebras Systems in a research note on Monday, June 8th. They set a "buy" rating and a $325.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $299.90.
Get Our Latest Stock Report on Cerebras Systems
Key Stories Impacting Cerebras Systems
Here are the key news stories impacting Cerebras Systems this week:
- Positive Sentiment: Cerebras’ new CS-4 accelerator is being promoted as a high-performance, power-efficient solution for AI inference, potentially helping the company compete with NVIDIA and AMD as demand for cloud-based AI computing expands. The performance claims still require broader customer validation. CS-4 and competition article
- Positive Sentiment: Cerebras partnered with Callosum to provide ultra-low-latency, heterogeneous AI inference for agentic applications. The agreement could expand Cerebras’ commercial reach in real-time AI workloads. Cerebras and Callosum partnership
- Positive Sentiment: Rosenblatt Securities and Needham & Company reiterated “Buy” ratings, with reported price targets near $300. The positive analyst view reflects optimism about Cerebras’ AI infrastructure growth, though it has not offset near-term selling pressure. Rosenblatt rating Needham rating
- Positive Sentiment: Call-option activity was about 42% above normal, indicating that some traders are positioning for a rebound or further upside. CBRS options activity
- Neutral Sentiment: Cerebras generated $209.9 million in quarterly revenue, up 74.3% year over year, but the growth has yet to translate into profitability. Investors are focused on whether CS-4 demand can improve margins and earnings.
- Negative Sentiment: Senior executives sold roughly $20.3 million of CBRS stock in transactions dated August 18, including sales by the CEO, COO, CTO and CAO. The filings state the shares were sold to cover tax withholding related to vested equity awards, reducing the bearish signal, but the scale of the transactions may still weigh on sentiment.
- Negative Sentiment: The company’s latest quarterly loss of $2.98 per share was far worse than the expected $0.21 loss. The large earnings miss, despite rapid revenue growth, raises concerns about execution, cash usage and the stock’s elevated valuation.
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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