18,988 Shares in Cerebras Systems Inc. $CBRS Acquired by Valen Private Capital LLC

Valen Private Capital LLC acquired a new position in shares of Cerebras Systems Inc. (NASDAQ:CBRS) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 18,988 shares of the company’s stock, valued at approximately $3,373,000. Cerebras Systems accounts for approximately 1.1% of Valen Private Capital LLC’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of CBRS. Wealth Enhancement Trust Services Inc. bought a new position in shares of Cerebras Systems in the third quarter valued at approximately $26,000. GK Wealth Management LLC purchased a new position in shares of Cerebras Systems during the third quarter valued at approximately $31,000. Silicon Valley Capital Partners purchased a new position in Cerebras Systems during the 2nd quarter worth $44,000. B. Riley Wealth Advisors Inc. boosted its holdings in Cerebras Systems by 16.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,588 shares of the company’s stock worth $282,000 after acquiring an additional 221 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Cerebras Systems in the 3rd quarter worth $44,000.

Insider Activity at Cerebras Systems

In related news, CFO Robert Patrick Jr. Komin sold 32,500 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $203.53, for a total transaction of $6,614,725.00. Following the completion of the transaction, the chief financial officer owned 30,670 shares in the company, valued at approximately $6,242,265.10. This represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Vassallo sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $210.30, for a total transaction of $10,515,000.00. Following the sale, the director owned 171,977 shares of the company’s stock, valued at $36,166,763.10. This trade represents a 22.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,864,452 shares of company stock worth $387,680,754.

Key Stories Impacting Cerebras Systems

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

• Positive Sentiment: A bullish Seeking Alpha analysis argues that the selloff has created an attractive entry point. Cerebras reported 103% year-over-year growth in second-quarter core revenue, $25.4 billion in remaining performance obligations and more than $8.6 billion in cash. Management expects 2027 core revenue to more than triple, while AMD integration could potentially increase throughput by approximately fivefold. Cerebras: I Waited For This Entry Point
• Positive Sentiment: Another analysis says Wall Street analysts continue to raise their price targets despite Cerebras Systems having fallen more than 60% since its initial public offering, implying significant potential upside if the company meets its growth forecasts. Cerebras Systems Analyst Price Target Outlook
• Neutral Sentiment: A broader AI-chip feature highlights Nvidia and Broadcom rather than Cerebras, underscoring strong industry demand but offering no direct new catalyst for CBRS. 3 Magnificent AI Chip Stocks That Could Help Set You Up for Life
• Neutral Sentiment: Market-data coverage for Cerebras Systems provided financial summary information without identifying a new company-specific development. Cerebras Systems Financial Summary
• Negative Sentiment: Zacks said Applied Optoelectronics currently has an edge over Cerebras in the AI-infrastructure race because of stronger optical demand, capacity expansion and a better earnings outlook. AAOI vs. CBRS
• Negative Sentiment: TD Cowen trimmed its price target, while a separate report cited an analyst downgrade. These actions add pressure after Cerebras missed the latest quarterly EPS consensus by a wide margin, despite 74.3% year-over-year revenue growth. Cerebras Stock Gets Price Target Trim Cerebras Stock Price Down on Analyst Downgrade

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CBRS. Weiss Ratings upgraded shares of Cerebras Systems from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday. TD Cowen cut their price target on shares of Cerebras Systems from $275.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Wall Street Zen raised shares of Cerebras Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Morgan Stanley increased their price objective on shares of Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Citigroup decreased their price objective on shares of Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $289.90.

Cerebras Systems Trading Up 1.7%

Shares of Cerebras Systems stock opened at $110.82 on Friday. The stock’s fifty day simple moving average is $179.68. 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 Inc. has a 12 month low of $106.13 and a 12 month high of $386.34. The company has a market capitalization of $26.33 billion and a price-to-earnings ratio of -1,385.25.

Cerebras Systems (NASDAQ:CBRS) last announced 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 business had revenue of $209.87 million during the quarter. Cerebras Systems’s quarterly revenue was up 74.3% on a year-over-year basis. Analysts predict that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Cerebras Systems Company Profile

Cerebras Systems is a technology company that develops specialized computing systems for artificial intelligence and high-performance computing. Its core product is the Wafer-Scale Engine, a processor designed to provide large-scale computing capacity and high-speed data movement for training and running AI models.

The company offers integrated AI computing systems, including the Cerebras CS series, which combines its wafer-scale processors with supporting hardware and software. Cerebras also provides access to its technology through cloud-based services, enabling businesses, research organizations and other users to develop and deploy AI applications without operating the underlying systems themselves.

Founded in 2015 and headquartered in Sunnyvale, California, Cerebras serves customers in sectors such as technology, government, scientific research and other data-intensive industries.