Cerebras Systems (NASDAQ:CBRS) CTO Sean Lie Sells 710,247 Shares

Cerebras Systems Inc. (NASDAQ:CBRS) CTO Sean Lie sold 710,247 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $207.86, for a total transaction of $147,631,941.42. Following the sale, the chief technology officer directly owned 368,926 shares in the company, valued at approximately $76,684,958.36. This trade represents a 65.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction 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 transaction of $4,723,730.54.
• On Thursday, June 25th, Sean Lie sold 10,033 shares of Cerebras Systems stock. The shares were sold at an average price of $170.07, for a total transaction of $1,706,312.31.

Cerebras Systems Stock Performance

Shares of CBRS stock opened at $196.13 on Friday. The company’s 50 day simple moving average is $208.25. Cerebras Systems Inc. has a 12 month low of $160.81 and a 12 month high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($2.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($2.77). The company had revenue of $209.87 million for the quarter. The firm’s revenue was up 74.3% on a year-over-year basis. As a group, research analysts forecast that Cerebras Systems Inc. will post -0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Zacks Research upgraded Cerebras Systems to a “hold” rating in a research note on Tuesday, June 9th. Craig Hallum initiated coverage on Cerebras Systems in a report on Monday, June 8th. They set a “buy” rating and a $325.00 target price for the company. Weiss Ratings initiated coverage on Cerebras Systems in a research report on Thursday, August 13th. They set a “sell (d)” rating on the stock. Finally, Mizuho decreased their price target on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.90.

Cerebras Systems News Summary

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.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CBRS. TD Waterhouse Canada Inc. bought a new position in shares of Cerebras Systems in the second quarter worth $630,000. Bank of New York Mellon Corp bought a new stake in Cerebras Systems during the second quarter valued at $6,118,000. Knollwood Investment Advisory LLC bought a new stake in Cerebras Systems during the second quarter valued at $4,576,000. Proficio Capital Partners LLC purchased a new position in Cerebras Systems during the second quarter worth about $1,383,000. Finally, Wellington Management Group LLP purchased a new position in Cerebras Systems during the second quarter worth about $194,853,000.

About Cerebras Systems

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.