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

Valen Private Capital LLC bought a new position in shares of Cerebras Systems Inc. (NASDAQ:CBRS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,988 shares of the company’s stock, valued at approximately $3,373,000. Cerebras Systems accounts for about 1.1% of Valen Private Capital LLC’s investment portfolio, making the stock its 23rd largest position.

A number of other hedge funds have also added to or reduced their stakes in CBRS. Wealth Enhancement Trust Services Inc. acquired a new position in Cerebras Systems in the third quarter valued at approximately $26,000. GK Wealth Management LLC bought a new position in shares of Cerebras Systems during the 3rd quarter worth approximately $31,000. Silicon Valley Capital Partners acquired a new stake in shares of Cerebras Systems during the 2nd quarter worth approximately $44,000. B. Riley Wealth Advisors Inc. grew its position in shares of 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 buying an additional 221 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Cerebras Systems during the 3rd quarter worth approximately $44,000.

Cerebras Systems Stock Performance

Shares of NASDAQ:CBRS opened at $110.82 on Friday. The business has a 50 day moving average price of $179.68. The company has a market capitalization of $26.33 billion and a price-to-earnings ratio of -1,385.25. The company has a current ratio of 5.82, a quick ratio of 5.80 and a debt-to-equity ratio of 0.02. Cerebras Systems Inc. has a 52-week low of $106.13 and a 52-week high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last announced its quarterly earnings data 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 firm’s revenue for the quarter was up 74.3% compared to the same quarter last year. On average, equities analysts forecast that Cerebras Systems Inc. will post -0.52 earnings per share for the current fiscal year.

Key Headlines 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

CBRS has been the subject of several research analyst reports. UBS Group lifted their price objective on shares of Cerebras Systems from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wedbush increased their target price on shares of Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Freedom Capital upgraded shares of Cerebras Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Wall Street Zen upgraded shares of Cerebras Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Jefferies Financial Group raised shares of Cerebras Systems to an “outperform” rating in a research note on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned 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, Cerebras Systems presently has an average rating of “Moderate Buy” and a consensus target price of $289.90.

Insiders Place Their Bets

In other Cerebras Systems news, CFO Robert Patrick Jr. Komin sold 32,500 shares of the company’s stock in a transaction on 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 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 SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Yagnesh Patel sold 1,320 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $204.50, for a total transaction of $269,940.00. Following the transaction, the chief accounting officer owned 15,356 shares in the company, valued at approximately $3,140,302. The trade was a 7.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,864,452 shares of company stock worth $387,680,754 in the last quarter.

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.