Engineers Gate Manager LP Takes Position in Cerebras Systems Inc. $CBRS

Engineers Gate Manager LP acquired a new position in shares of Cerebras Systems Inc. (NASDAQ:CBRS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,463 shares of the company’s stock, valued at approximately $21,760,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Situational Awareness LP bought a new position in Cerebras Systems during the 2nd quarter worth about $2,210,000. Ratan Capital Management LP bought a new stake in shares of Cerebras Systems in the second quarter valued at about $4,641,000. Proficio Capital Partners LLC acquired a new position in shares of Cerebras Systems during the second quarter worth about $1,383,000. Value Aligned Research Advisors LLC acquired a new position in shares of Cerebras Systems during the second quarter worth about $241,934,000. Finally, Montanova Capital LLC bought a new position in shares of Cerebras Systems during the second quarter worth about $37,990,000.

Insider Buying and Selling at Cerebras Systems

In other news, Director Eric Vishria sold 68,268 shares of Cerebras Systems stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $229.77, for a total value of $15,685,938.36. Following the completion of the transaction, the director owned 31,383 shares of the company’s stock, valued at $7,210,871.91. This trade represents a 68.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Sean Lie sold 710,247 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $207.86, for a total transaction of $147,631,941.42. Following the transaction, the chief technology officer owned 368,926 shares in the company, valued at $76,684,958.36. This represents a 65.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,432,179 shares of company stock valued at $295,596,648 in the last 90 days.

Cerebras Systems Stock Down 1.8%

CBRS stock opened at $196.20 on Thursday. Cerebras Systems Inc. has a twelve month low of $160.81 and a twelve month high of $386.34. The company has a 50 day moving average of $202.42.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CBRS. TD Cowen began coverage on Cerebras Systems in a research report on Monday, June 8th. They issued a “buy” rating and a $275.00 target price on the stock. Weiss Ratings began coverage on Cerebras Systems in a research report on Thursday, August 13th. They set a “sell (d)” rating for the company. Citigroup decreased their price target on shares of Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Mizuho lowered their price objective on shares of Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Finally, Barclays started coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They issued an “overweight” rating and a $280.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cerebras Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.90.

Key Headlines Impacting Cerebras Systems

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

• Positive Sentiment: Cerebras holds approximately $25.4 billion in remaining performance obligations, while cloud and services revenue reportedly surged 287% year over year to $127.7 million. More than 600 megawatts of secured capacity could support future inference growth, although data-center deployment is now a key execution requirement. Cerebras: The Inference Bottleneck Winner
• Positive Sentiment: Analyst sentiment remains favorable, with Needham maintaining a $300 price target and Wedbush assigning an outperform rating with a $290 target. The reported consensus rating is “Moderate Buy,” with an average target of $299.90. Cerebras Systems Insider Selling Report
• Neutral Sentiment: Broader AI and robotics developments—including cheaper inference, longer-running AI agents and more commercial deployment—provide a supportive industry backdrop for Cerebras, but the article does not identify a new company-specific contract or catalyst. AI and Robotics in 2026
• Negative Sentiment: CEO Andrew Feldman sold 37,441 shares for approximately $7.9 million, reducing his direct ownership by 68.96%. CTO Sean Lie sold 53,460 shares worth about $11.2 million, and Director Steven Vassallo sold 50,000 shares worth roughly $10.5 million. The cluster of sizable insider sales can weigh on sentiment, even though such transactions may reflect personal financial planning. Cerebras Insider Selling
• Negative Sentiment: Cerebras’ latest quarterly loss of $2.98 per share substantially exceeded the expected loss of $0.21, despite revenue increasing 74.3% year over year to $209.87 million. The earnings miss reinforces concerns about near-term profitability and execution.

Cerebras Systems Company Profile

Cerebras Systems develops specialized computing systems and software for artificial intelligence (AI) and machine-learning workloads. The company’s technology is designed to accelerate the training and deployment of large AI models by combining high-performance processors, memory, networking and software into integrated computing platforms.

Its principal products include the Wafer-Scale Engine (WSE), a processor built on a single semiconductor wafer, and the CS-3 AI supercomputer, which is based on the company’s wafer-scale architecture.