Sean Lie Sells 16,293 Shares of Cerebras Systems (NASDAQ:CBRS) Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CTO Sean Lie sold 16,293 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $210.01, for a total value of $3,421,692.93. Following the transaction, the chief technology officer owned 368,926 shares of the company’s stock, valued at $77,478,149.26. This represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, August 20th, Sean Lie sold 710,247 shares of Cerebras Systems stock. The stock was sold at an average price of $207.86, for a total transaction of $147,631,941.42.
• 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 Price Performance

Shares of NASDAQ:CBRS opened at $196.13 on Friday. Cerebras Systems Inc. has a 52 week low of $160.81 and a 52 week high of $386.34. The business has a fifty day simple moving average of $208.25.

Cerebras Systems (NASDAQ:CBRS) last posted its earnings results 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 firm had revenue of $209.87 million for the quarter. The firm’s quarterly revenue was up 74.3% on a year-over-year basis. As a group, research analysts expect that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

More 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.

Institutional Trading of Cerebras Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tiger Pacific Capital LP bought a new stake in Cerebras Systems in the second quarter worth about $221,000. TD Waterhouse Canada Inc. purchased a new position in shares of Cerebras Systems during the second quarter valued at approximately $630,000. Fortitude Advisory Group L.L.C. bought a new position in shares of Cerebras Systems during the second quarter valued at approximately $705,000. Proficio Capital Partners LLC bought a new position in shares of Cerebras Systems during the second quarter valued at approximately $1,383,000. Finally, Situational Awareness LP purchased a new stake in shares of Cerebras Systems in the second quarter worth approximately $2,210,000.

Analyst Upgrades and Downgrades

CBRS has been the topic of a number of recent research reports. Barclays assumed coverage on Cerebras Systems in a research report on Monday, June 8th. They set an “overweight” rating and a $280.00 price objective on the stock. Wedbush lifted their target price on Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. UBS Group boosted their target price on Cerebras Systems from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. TD Cowen began coverage on 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 Cerebras Systems to a “hold” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $299.90.

Cerebras Systems Company Profile

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.