Cerebras Systems Inc. $CBRS Stock Purchased by Washington University

Washington University grew its position in Cerebras Systems Inc. (NASDAQ:CBRS) by 175.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,517,400 shares of the company’s stock after purchasing an additional 966,314 shares during the quarter. Cerebras Systems comprises approximately 51.4% of Washington University’s investment portfolio, making the stock its biggest position. Washington University owned about 0.64% of Cerebras Systems worth $269,566,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC grew its position in Cerebras Systems by 3,681.7% during the third quarter. Frank Rimerman Advisors LLC now owns 56,271 shares of the company’s stock worth $9,997,000 after buying an additional 54,783 shares in the last quarter. ICG Advisors LLC increased its stake in Cerebras Systems by 179.9% during the 3rd quarter. ICG Advisors LLC now owns 15,000 shares of the company’s stock worth $2,665,000 after acquiring an additional 9,641 shares during the period. NFSG Corp raised its holdings in Cerebras Systems by 1,483.7% in the 3rd quarter. NFSG Corp now owns 8,821 shares of the company’s stock valued at $1,567,000 after acquiring an additional 8,264 shares in the last quarter. Cohen Capital Management Inc. acquired a new position in Cerebras Systems in the 3rd quarter valued at $1,444,000. Finally, State Street Corp acquired a new position in Cerebras Systems in the 2nd quarter valued at $105,343,000.

Insiders Place Their Bets

In related news, CAO Yagnesh Patel sold 1,320 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of $204.50, for a total transaction of $269,940.00. Following the transaction, the chief accounting officer directly owned 15,356 shares of the company’s stock, valued at $3,140,302. This represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Dhiraj Mallick sold 396,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $204.04, for a total value of $80,799,840.00. Following the completion of the sale, the chief operating officer owned 396,000 shares of the company’s stock, valued at approximately $80,799,840. This represents a 50.00% decrease in their ownership of the stock. 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 sold a total of 1,874,452 shares of company stock valued at $383,719,154 in the last 90 days.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CBRS shares. Freedom Capital upgraded Cerebras Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Needham & Company LLC cut their price objective on shares of Cerebras Systems from $300.00 to $200.00 and set a “buy” rating for the company in a research report on Friday. Wall Street Zen upgraded shares of Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Jefferies Financial Group upgraded shares of Cerebras Systems to an “outperform” rating in a research note on Monday, October 5th. Finally, Morgan Stanley decreased their target price on shares of Cerebras Systems from $279.00 to $178.00 and set an “overweight” rating on the stock in a report on Monday, November 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $237.80.

Cerebras Systems Trading Up 11.2%

CBRS traded up $10.97 during trading on Friday, reaching $108.72. 36,767,398 shares of the company’s stock were exchanged, compared to its average volume of 11,213,264. Cerebras Systems Inc. has a one year low of $77.84 and a one year high of $386.34. The company has a quick ratio of 5.80, a current ratio of 5.82 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $25.83 billion and a PE ratio of -1,359.00. The stock has a fifty day moving average price of $151.02.

Cerebras Systems (NASDAQ:CBRS) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.26. The business had revenue of $230.87 million for the quarter. Sell-side analysts expect that Cerebras Systems Inc. will post -0.52 earnings per share for the current year.

Key Stories Impacting Cerebras Systems

Investors following CBRS have been watching these stories:

• Positive Sentiment: Cerebras reported record third-quarter core revenue of $230.9 million and EPS of $0.13, ahead of analysts’ expectations for a loss. Cloud revenue grew sharply year over year, reflecting robust demand for its AI computing services. Read More.
• Positive Sentiment: The company raised its 2026 core revenue forecast to $940 million–$960 million, above the prior analyst consensus, and guided to fourth-quarter revenue of $310 million–$330 million. It also pointed to ambitions for substantial growth in 2027. Read More.
• Negative Sentiment: Execution remains a risk: Cerebras delayed delivery of some AI capacity for OpenAI because of data-center construction delays, and direct chip sales reportedly fell even as cloud revenue surged. A law firm also announced an investor-claims investigation. Read More.

Cerebras Systems Company Profile

Cerebras Systems develops computing systems and software designed for artificial intelligence and other compute-intensive workloads. Its products are built around the Wafer-Scale Engine, a large processor designed to support AI model training and inference, and include the CS-3 system and related software. The company also offers cloud-based access to its AI computing infrastructure, giving customers a way to run AI workloads without deploying its systems on site. Its offerings are aimed at organizations developing and operating large AI models, including businesses, research institutions and public-sector customers.