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

Cerebras Systems Inc. (NASDAQ:CBRS) CAO Yagnesh Patel sold 4,574 shares of the 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 owned 16,676 shares in the company, valued at approximately $3,705,740.72. This trade represents a 21.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 transaction 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 transaction 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 Price Performance

NASDAQ CBRS opened at $196.13 on Friday. Cerebras Systems Inc. has a 1 year low of $160.81 and a 1 year high of $386.34. The firm’s fifty day simple moving average is $208.25.

Cerebras Systems (NASDAQ:CBRS) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The business had revenue of $209.87 million during the quarter. The business’s revenue for the quarter was up 74.3% compared to the same quarter last year. On average, equities analysts predict 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: 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.

Wall Street Analysts Forecast Growth

CBRS has been the subject of a number of analyst reports. Citigroup decreased their price target on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a report on Wednesday. Wedbush boosted their target price 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. TD Cowen began coverage on shares of Cerebras Systems in a report on Monday, June 8th. They set a “buy” rating and a $275.00 price target on the stock. Finally, Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cerebras Systems currently has an average rating of “Moderate Buy” and a consensus target price of $299.90.

Institutional Trading of Cerebras Systems

A number of institutional investors and hedge funds have recently made changes to their positions in CBRS. Tiger Pacific Capital LP purchased a new position in shares of Cerebras Systems during the 2nd quarter valued at approximately $221,000. TD Waterhouse Canada Inc. purchased a new stake in Cerebras Systems in the 2nd quarter worth $630,000. Proficio Capital Partners LLC purchased a new stake in Cerebras Systems in the 2nd quarter worth $1,383,000. Knollwood Investment Advisory LLC acquired a new position in Cerebras Systems during the second quarter worth $4,576,000. Finally, Ratan Capital Management LP acquired a new position in Cerebras Systems during the second quarter worth $4,641,000.

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.