Cerebras Systems Inc. $CBRS Shares Newly Purchased by Cohen Capital Management Inc.

Cohen Capital Management Inc. purchased a new stake in shares of Cerebras Systems Inc. (NASDAQ:CBRS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,128 shares of the company’s stock, valued at approximately $1,444,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp bought a new stake in Cerebras Systems during the second quarter valued at approximately $105,343,000. Situational Awareness LP purchased a new position in shares of Cerebras Systems during the 2nd quarter worth $2,210,000. Proficio Capital Partners LLC purchased a new position in shares of Cerebras Systems during the 2nd quarter worth $1,383,000. Ratan Capital Management LP bought a new stake in shares of Cerebras Systems during the 2nd quarter valued at $4,641,000. Finally, Readystate Asset Management LP bought a new stake in shares of Cerebras Systems during the 2nd quarter valued at $2,320,000.

Cerebras Systems Stock Performance

NASDAQ CBRS opened at $149.09 on Wednesday. The company has a current ratio of 5.82, a quick ratio of 5.80 and a debt-to-equity ratio of 0.02. Cerebras Systems Inc. has a 12 month low of $142.07 and a 12 month high of $386.34. The business’s 50 day moving average price is $196.51.

Cerebras Systems (NASDAQ:CBRS) last posted its quarterly 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 business had revenue of $209.87 million for the quarter. Cerebras Systems’s quarterly revenue was up 74.3% on a year-over-year basis. Equities research analysts forecast that Cerebras Systems Inc. will post -0.52 earnings per share for the current fiscal year.

Insider Activity at Cerebras Systems

In other Cerebras Systems news, Director Steven Vassallo sold 50,000 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $210.30, for a total value of $10,515,000.00. Following the completion of the sale, the director owned 171,977 shares in the company, valued at approximately $36,166,763.10. This represents a 22.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, the chief operating officer directly owned 396,000 shares in the company, valued at approximately $80,799,840. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,864,452 shares of company stock worth $387,680,754 in the last 90 days.

Cerebras Systems News Roundup

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

• Positive Sentiment: A Wall Street analyst reportedly believes Cerebras could potentially double from current levels, citing the company’s AI infrastructure opportunity despite its substantial decline from its IPO-era highs. Cerebras Systems Could Double According to Analyst
• Positive Sentiment: Cerebras has accumulated a reported $25.4 billion backlog, creating the potential for significant future revenue and higher-margin growth if it can convert those commitments into shipments and operating profits. Cerebras Backlog and High-Margin Growth
• Positive Sentiment: CEO Andrew Feldman described a possible future in which households use dedicated AI appliances, highlighting a potentially large consumer market for Cerebras’ fast AI-computing technology. Cerebras CEO on Personal AI Assistants
• Neutral Sentiment: Cerebras generates more revenue than SoundHound AI and has grown rapidly, but its quarterly growth has been more volatile. The comparison reinforces strong scale while highlighting execution risk. Cerebras Versus SoundHound AI Revenue Trends
• Negative Sentiment: Up to 19.4 million additional shares could become eligible for sale under Cerebras’ staggered IPO lock-up, increasing the risk of insider and early-investor selling pressure. Cerebras Share Unlock
• Negative Sentiment: Reports that OpenAI assigned a high-profile workload to a rival, alongside Microsoft-related chip developments, have raised concerns about competition and Cerebras’ ability to win major AI customers. Cerebras OpenAI and Microsoft Chip News
• Negative Sentiment: One DCF analysis concludes CBRS may still be overvalued despite trading roughly half its early-2026 level, keeping valuation concerns prominent for risk-averse investors. Cerebras DCF Valuation Analysis

Analyst Ratings Changes

Several research firms have recently commented on CBRS. Morgan Stanley upped their price objective on Cerebras Systems from $273.00 to $279.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded Cerebras Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Jefferies Financial Group raised Cerebras Systems to an “outperform” rating in a report on Monday, October 5th. UBS Group boosted their price target on Cerebras Systems from $320.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Cerebras Systems in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $299.90.

About Cerebras Systems

Cerebras Systems is an artificial intelligence computing company that develops specialized hardware and software for training and deploying large AI models. The company’s technology is designed to address the computational demands of generative AI, deep learning and other data-intensive workloads.

Its core products include the Wafer-Scale Engine, a purpose-built AI processor produced on a single silicon wafer, and the CS-3 AI supercomputer, which incorporates that processor into an integrated computing system.