Cerebras Systems (NASDAQ:CBRS) CAO Yagnesh Patel Sells 4,574 Shares

Cerebras Systems Inc. (NASDAQ:CBRS) CAO Yagnesh Patel sold 4,574 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $222.22, for a total transaction of $1,016,434.28. Following the completion of the transaction, the chief accounting officer directly owned 16,676 shares of the company’s stock, valued at approximately $3,705,740.72. This represents a 21.52% decrease in their position. The transaction was disclosed in a 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.

Yagnesh Patel also recently made the following trade(s):

• On Thursday, June 25th, Yagnesh Patel sold 6,079 shares of Cerebras Systems stock. The shares were sold at an average price of $171.53, for a total value of $1,042,730.87.
• On Friday, June 26th, Yagnesh Patel sold 3,954 shares of Cerebras Systems stock. The stock was sold at an average price of $174.03, for a total value of $688,114.62.
• On Thursday, June 25th, Yagnesh Patel sold 46 shares of Cerebras Systems stock. The stock was sold at an average price of $189.36, for a total transaction of $8,710.56.

Cerebras Systems Stock Performance

CBRS opened at $209.85 on Friday. Cerebras Systems Inc. has a 1 year low of $160.81 and a 1 year high of $386.34. The stock’s 50 day moving average is $208.60.

Cerebras Systems (NASDAQ:CBRS) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) 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% compared to the same quarter last year. Research analysts forecast that Cerebras Systems Inc. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRS has been the subject of several research reports. 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 report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Cerebras Systems in a report on Wednesday. Weiss Ratings started coverage on Cerebras Systems in a research note on Thursday, August 13th. They issued a “sell (d)” rating on the stock. Barclays assumed coverage on shares of Cerebras Systems in a report on Monday, June 8th. They set an “overweight” rating and a $280.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cerebras Systems has an average rating of “Moderate Buy” and an average target price of $299.90.

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 could strengthen Cerebras’ position in real-time AI workloads and broaden its commercial reach. Cerebras and Callosum partnership
• Positive Sentiment: Rosenblatt Securities and Needham & Company reiterated “Buy” ratings and assigned $300 price targets, signaling expected upside based on Cerebras’ AI-infrastructure growth prospects. Rosenblatt Buy rating Needham Buy rating
• Positive Sentiment: Options traders purchased 57,909 CBRS call contracts, roughly 42% above typical volume, suggesting increased speculative interest in a potential rebound. CBRS call-option activity
• Neutral Sentiment: Cerebras’ claims that its CS-4 accelerator can deliver up to 30 times faster inference than GPUs may support investor enthusiasm, but the benefit still requires independent validation, customer adoption, and meaningful revenue contribution.
• Negative Sentiment: Several senior executives sold shares on August 18 to cover tax withholding from vested equity awards. CEO Andrew Feldman sold approximately $5.9 million, COO Dhiraj Mallick about $8.6 million, CAO Yagnesh Patel about $1.0 million, and CTO Sean Lie about $4.7 million. Although the stated purpose reduces the bearish significance, the transactions may weigh on sentiment because they reduced insiders’ holdings.
• Negative Sentiment: The company’s latest quarterly loss of $2.98 per share was substantially worse than the expected $0.21 loss. Revenue rose 74.3% year over year to $209.9 million, but the large earnings miss keeps profitability and valuation concerns in focus.

Institutional Investors Weigh In On Cerebras Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of Cerebras Systems in the 2nd quarter valued at approximately $1,383,000. Montanova Capital LLC bought a new stake in Cerebras Systems in the second quarter worth $37,990,000. Wellington Management Group LLP purchased a new position in Cerebras Systems during the second quarter worth $194,853,000. Ratan Capital Management LP purchased a new stake in shares of Cerebras Systems in the second quarter valued at $4,641,000. Finally, Tiger Pacific Capital LP purchased a new stake in shares of Cerebras Systems in the second quarter valued at $221,000.

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.