Insider Selling: Cerebras Systems (NASDAQ:CBRS) CTO Sells $6,947,400.00 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CTO Sean Lie sold 60,000 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $115.79, for a total value of $6,947,400.00. Following the completion of the transaction, the chief technology officer directly owned 263,592 shares in the company, valued at $30,521,317.68. This represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Lie also recently made the following trade(s):

• On Friday, September 25th, Sean Lie sold 120,000 shares of Cerebras Systems stock. The shares were sold at an average price of $208.97, for a total value of $25,076,400.00.
• On Friday, September 4th, Sean Lie sold 53,460 shares of Cerebras Systems stock. The stock was sold at an average price of $210.16, for a total value of $11,235,153.60.
• On Thursday, August 20th, Sean Lie sold 710,247 shares of Cerebras Systems stock. The stock was sold at an average price of $207.86, for a total value of $147,631,941.42.
• On Friday, August 21st, Sean Lie sold 16,293 shares of Cerebras Systems stock. The stock was sold at an average price of $210.01, for a total value of $3,421,692.93.
• 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.

Cerebras Systems Stock Down 5.7%

CBRS traded down $6.75 during trading on Wednesday, hitting $112.56. The company’s stock had a trading volume of 18,907,568 shares, compared to its average volume of 7,740,713. Cerebras Systems Inc. has a twelve month low of $105.36 and a twelve month high of $386.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80. The business’s fifty day simple moving average is $174.99. The stock has a market capitalization of $26.74 billion and a price-to-earnings ratio of -1,407.00.

Cerebras Systems (NASDAQ:CBRS) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($2.98) EPS for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The firm had revenue of $209.87 million for the quarter. The company’s revenue for the quarter was up 74.3% compared to the same quarter last year. Equities research analysts expect that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Key Cerebras Systems News

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

• Positive Sentiment: Oracle Cloud partnership expands market access. Cerebras will bring its high-speed AI inference technology to Oracle Cloud Infrastructure, giving enterprises, developers, and AI labs another way to access its Wafer-Scale Engine. Oracle is the third major cloud provider to offer Cerebras technology, potentially increasing adoption and supporting future revenue growth. Cerebras and Oracle Team Up to Bring Cerebras AI Inference to Oracle Cloud Infrastructure Why Cerebras Systems Stock Jumped on Tuesday
• Positive Sentiment: Broader ecosystem validation. Oracle’s move to offer Cerebras alongside Nvidia and Google-based options increases the chipmaker’s visibility in the competitive AI infrastructure market. Its inference-focused architecture is being positioned as a faster, potentially more efficient complement to conventional GPUs and ASICs. Oracle expands chip supply deal with Nvidia, adds Google and Cerebras offerings
• Neutral Sentiment: Partnership economics remain unproven. Analysts note that Cerebras has differentiated wafer-scale chips and several strategic partnerships, but the profitability and revenue contribution of its various cloud and hardware arrangements remain uncertain. Cerebras: The Ultrafast AI Play Trading At A Discount
• Negative Sentiment: Culper Research issued a short report questioning Cerebras’ chip lifespan. The report has prompted renewed concerns about product durability and the sustainability of the company’s competitive advantage, weighing on investor sentiment. The claims are from a short seller and have not been independently established in the supplied reports. Cerebras Stock Drops After Culper Research Report Questions Chip Lifespan Cerebras Systems Drops Following Culper Research Short Report
• Negative Sentiment: A 19.4 million-share lockup expiration adds potential selling pressure. Newly eligible shares could increase the public float and create near-term supply and dilution concerns, particularly after the recent rally tied to the Oracle announcement. Cerebras Got an Oracle Cloud Seat. Another 19.4 Million Shares Unlock Today

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wedbush lifted their price target on shares of Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Citigroup cut their price objective on shares of Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. UBS Group boosted their target price on Cerebras Systems from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Mizuho dropped their price target on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Finally, Morgan Stanley upped their price target on Cerebras Systems from $273.00 to $279.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Two investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cerebras Systems presently has a consensus rating of “Moderate Buy” and an average target price of $289.90.

Institutional Trading of Cerebras Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Value Aligned Research Advisors LLC acquired a new position in Cerebras Systems during the second quarter worth $241,934,000. Wellington Management Group LLP bought a new position in shares of Cerebras Systems in the second quarter valued at $194,853,000. State Street Corp acquired a new position in shares of Cerebras Systems during the second quarter valued at about $105,343,000. Dragoneer Investment Group LLC acquired a new position in shares of Cerebras Systems during the second quarter valued at about $88,400,000. Finally, Montanova Capital LLC bought a new stake in shares of Cerebras Systems during the second quarter worth about $37,990,000.

About Cerebras Systems

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.