Cerebras Systems (NASDAQ:CBRS) COO Sells $8,641,913.58 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) COO Dhiraj Mallick sold 38,889 shares of Cerebras Systems stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $222.22, for a total transaction of $8,641,913.58. Following the completion of the transaction, the chief operating officer owned 120,000 shares in the company, valued at approximately $26,666,400. This trade represents a 24.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dhiraj Mallick also recently made the following trade(s):

• On Tuesday, June 30th, Dhiraj Mallick sold 10,000 shares of Cerebras Systems stock. The stock was sold at an average price of $206.51, for a total transaction of $2,065,100.00.
• On Thursday, June 25th, Dhiraj Mallick sold 36,131 shares of Cerebras Systems stock. The shares were sold at an average price of $169.28, for a total transaction of $6,116,255.68.
• On Friday, June 26th, Dhiraj Mallick sold 20,000 shares of Cerebras Systems stock. The shares were sold at an average price of $173.73, for a total transaction of $3,474,600.00.
• On Thursday, June 25th, Dhiraj Mallick sold 13,314 shares of Cerebras Systems stock. The stock was sold at an average price of $184.89, for a total value of $2,461,625.46.

Cerebras Systems Price Performance

Shares of Cerebras Systems stock traded down $5.84 during trading on Thursday, reaching $209.85. The company’s stock had a trading volume of 6,684,719 shares, compared to its average volume of 7,543,250. The business’s 50 day simple moving average is $208.60. Cerebras Systems Inc. has a 12-month low of $160.81 and a 12-month high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last issued its earnings results on Wednesday, August 12th. The company reported ($2.98) EPS for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The business had revenue of $209.87 million for the quarter. The business’s revenue was up 74.3% on a year-over-year basis. On average, equities research analysts anticipate that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Cerebras Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in CBRS. Wellington Management Group LLP purchased a new stake in Cerebras Systems during the second quarter valued at about $194,853,000. Montanova Capital LLC acquired a new position in shares of Cerebras Systems in the 2nd quarter valued at approximately $37,990,000. Bank of New York Mellon Corp bought a new stake in shares of Cerebras Systems during the 2nd quarter valued at about $6,118,000. Ratan Capital Management LP acquired a new position in Cerebras Systems during the 2nd quarter valued at approximately $4,641,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Cerebras Systems during the second quarter valued at $1,383,000.

More Cerebras Systems News

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

• Positive Sentiment: Cerebras and Callosum announced a partnership to deliver ultra-low-latency, heterogeneous AI inference for agentic applications. The agreement strengthens Cerebras’ position in real-time AI workloads and could expand its commercial reach if customers adopt the combined offering. Cerebras and Callosum partnership
• Positive Sentiment: The company’s CS-4 rack-scale accelerator is being promoted as up to 30 times faster than GPU-based solutions for certain inference workloads. The launch supports Cerebras’ strategy of competing with Nvidia in fast, real-time AI processing. Cerebras CS-4 announcement
• Positive Sentiment: Rosenblatt Securities and Needham reaffirmed “buy” ratings with $300 price targets. Unusually heavy call-option activity and reports of manufacturing expansion, a large backlog, and potential growth in AI inference are also supporting bullish interest.
• Neutral Sentiment: The CS-4 speed advantage is primarily a company claim and must be validated through independent benchmarks, customer deployments, and sustained sales. The technology announcement may therefore boost sentiment before materially affecting financial results.
• Negative Sentiment: CEO Andrew Feldman sold 26,644 shares worth approximately $5.9 million to cover tax withholding tied to vested equity awards. Although the stated reason reduces its significance, the sale cut his ownership by 28.5%. Cerebras CEO insider sale
• Negative Sentiment: Director Eric Vishria sold about $15.7 million of stock, while director Steven Vassallo sold approximately $10.9 million. The transactions, even where conducted under trading plans, may reinforce profit-taking concerns.
• Negative Sentiment: Cerebras recently reported a $2.98-per-share loss versus the expected $0.21 loss, despite 74.3% year-over-year revenue growth to $209.9 million. The sharp earnings miss keeps profitability and valuation as important risks for CBRS.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup decreased their target price on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Rosenblatt Securities reissued a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a research note on Wednesday. Wedbush raised their target price on shares of Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Cerebras Systems in a report on Wednesday. Finally, Freedom Capital raised shares of Cerebras Systems to a “hold” rating in a research note on Monday, June 29th. One 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’s stock. According to MarketBeat.com, Cerebras Systems currently has an average rating of “Moderate Buy” and a consensus target price of $299.90.

Cerebras Systems Company Profile

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.