Proficio Capital Partners LLC Purchases Shares of 6,258 Cerebras Systems Inc. $CBRS

Proficio Capital Partners LLC purchased a new stake in shares of Cerebras Systems Inc. (NASDAQ:CBRS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,258 shares of the company’s stock, valued at approximately $1,383,000.

A number of other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in shares of Cerebras Systems in the second quarter worth $194,853,000. Montanova Capital LLC bought a new position in Cerebras Systems during the 2nd quarter worth $37,990,000. Bank of New York Mellon Corp acquired a new position in Cerebras Systems during the 2nd quarter worth about $6,118,000. Ratan Capital Management LP acquired a new position in Cerebras Systems during the 2nd quarter worth about $4,641,000. Finally, Tiger Pacific Capital LP bought a new stake in shares of Cerebras Systems in the 2nd quarter valued at about $221,000.

Key Headlines Impacting Cerebras Systems

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

• Positive Sentiment: Cerebras and Compute Nordic Finland announced a new AI data center in Mikkeli, Finland, with capacity expected to scale to 165 megawatts. The project is supported by a seven-year contracted capacity agreement, construction has begun on the initial 50-megawatt phase, and regional investment is estimated at €1.0 billion to €1.7 billion. The agreement could provide long-term infrastructure demand and strengthen Cerebras’ presence in European AI computing. Cerebras and Compute Nordic Finland Announce New 165 MW AI Data Centre in Mikkeli, Finland
• Positive Sentiment: Reports that Cathie Wood’s ARK Invest purchased approximately $17 million of Cerebras shares, alongside Wall Street estimates of substantial upside, are providing a positive institutional-investor signal. Cathie Wood just bought $17 million of Cerebras stock
• Neutral Sentiment: Cerebras’ CS-4 launch is being viewed as part of the company’s effort to compete in high-speed, energy-efficient AI inference. The product could support long-term demand, although the financial impact and customer adoption remain uncertain. What Does Cerebras Systems CS-4 Launch Mean for Its AI Push?
• Negative Sentiment: NVIDIA’s planned investment in MediaTek and renewed focus on specialized Rubin CPX and Groq inference chips highlight intensifying competition from a much larger, well-funded rival. NVIDIA’s strategy is designed to counter custom silicon companies such as Cerebras and could pressure Cerebras’ ability to win hyperscaler and data-center workloads. NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
• Negative Sentiment: Cerebras’ lock-up period expires November 10, allowing insiders and major shareholders to sell previously restricted shares. The potential release of 30 million shares may increase selling pressure and weighs on investor sentiment ahead of the expiration.
• Negative Sentiment: The company recently reported a much larger-than-expected quarterly loss, missing consensus earnings estimates by $2.77 per share. Although revenue rose 74.3% year over year to $209.87 million, the earnings shortfall reinforces concerns about profitability and execution.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBRS. Morgan Stanley increased their price target on Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Mizuho reduced their target price on Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. UBS Group increased their target price on shares of Cerebras Systems from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Zacks Research upgraded shares of Cerebras Systems to a “hold” rating in a report on Tuesday, June 9th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $300.00 price target on shares of Cerebras Systems in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cerebras Systems currently has an average rating of “Moderate Buy” and a consensus target price of $299.90.

Cerebras Systems Trading Down 6.3%

Cerebras Systems stock opened at $172.62 on Wednesday. Cerebras Systems Inc. has a 52-week low of $160.81 and a 52-week high of $386.34. The stock’s 50 day simple moving average is $202.42.

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

Insiders Place Their Bets

In other Cerebras Systems news, COO Dhiraj Mallick sold 38,889 shares of Cerebras Systems stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $222.22, for a total value of $8,641,913.58. Following the completion of the sale, the chief operating officer directly owned 120,000 shares of the company’s stock, valued at approximately $26,666,400. The trade was a 24.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew D. Feldman sold 237,559 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $199.27, for a total transaction of $47,338,381.93. Following the transaction, the chief executive officer owned 16,853 shares in the company, valued at $3,358,297.31. This represents a 93.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,291,278 shares of company stock valued at $265,966,662.

Cerebras Systems 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.