Cerebras Systems (NASDAQ:CBRS) COO Dhiraj Mallick Sells 38,889 Shares of Stock

Cerebras Systems Inc. (NASDAQ:CBRS) COO Dhiraj Mallick sold 38,889 shares of the stock in a transaction that occurred 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 $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 available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dhiraj Mallick also recently made the following trade(s):

• On Tuesday, June 30th, Dhiraj Mallick sold 10,000 shares of Cerebras Systems stock. The shares were sold at an average price of $206.51, for a total transaction of $2,065,100.00.
• On Thursday, June 25th, Dhiraj Mallick sold 36,131 shares of Cerebras Systems stock. The shares were sold at an average price of $169.28, for a total transaction of $6,116,255.68.
• On Friday, June 26th, Dhiraj Mallick sold 20,000 shares of Cerebras Systems stock. The stock was sold at an average price of $173.73, for a total transaction of $3,474,600.00.
• On Thursday, June 25th, Dhiraj Mallick sold 13,314 shares of Cerebras Systems stock. The stock was sold at an average price of $184.89, for a total transaction of $2,461,625.46.

Cerebras Systems Trading Down 2.7%

Shares of Cerebras Systems stock opened at $209.85 on Friday. Cerebras Systems Inc. has a 1 year low of $160.81 and a 1 year high of $386.34. The stock’s fifty day simple moving average is $208.60.

Cerebras Systems (NASDAQ:CBRS) last announced its earnings results on Wednesday, August 12th. The company reported ($2.98) EPS 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 revenue was up 74.3% compared to the same quarter last year. On average, research analysts forecast that Cerebras Systems Inc. will post -0.52 EPS for the current year.

Trending Headlines about Cerebras Systems

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

• Positive Sentiment: Cerebras and Callosum announced a partnership to deliver ultra-low-latency, heterogeneous AI inference for agentic applications. The agreement strengthens Cerebras’ position in real-time AI workloads and could expand its commercial reach if customers adopt the combined offering. Cerebras and Callosum partnership
• Positive Sentiment: The company’s CS-4 rack-scale accelerator is being promoted as up to 30 times faster than GPU-based solutions for certain inference workloads. The launch supports Cerebras’ strategy of competing with Nvidia in fast, real-time AI processing. Cerebras CS-4 announcement
• Positive Sentiment: Rosenblatt Securities and Needham reaffirmed “buy” ratings with $300 price targets. Unusually heavy call-option activity and reports of manufacturing expansion, a large backlog, and potential growth in AI inference are also supporting bullish interest.
• Neutral Sentiment: The CS-4 speed advantage is primarily a company claim and must be validated through independent benchmarks, customer deployments, and sustained sales. The technology announcement may therefore boost sentiment before materially affecting financial results.
• Negative Sentiment: CEO Andrew Feldman sold 26,644 shares worth approximately $5.9 million to cover tax withholding tied to vested equity awards. Although the stated reason reduces its significance, the sale cut his ownership by 28.5%. Cerebras CEO insider sale
• Negative Sentiment: Director Eric Vishria sold about $15.7 million of stock, while director Steven Vassallo sold approximately $10.9 million. The transactions, even where conducted under trading plans, may reinforce profit-taking concerns.
• Negative Sentiment: Cerebras recently reported a $2.98-per-share loss versus the expected $0.21 loss, despite 74.3% year-over-year revenue growth to $209.9 million. The sharp earnings miss keeps profitability and valuation as important risks for CBRS.

Analyst Ratings Changes

A number of research firms have weighed in on CBRS. Morgan Stanley increased their price objective on Cerebras Systems from $273.00 to $279.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Wall Street Zen raised Cerebras Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Craig Hallum initiated coverage on Cerebras Systems in a research note on Monday, June 8th. They set a “buy” rating and a $325.00 price target for the company. Freedom Capital raised Cerebras Systems to a “hold” rating in a report on Monday, June 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a research report on Wednesday. One 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.90.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Tiger Pacific Capital LP acquired a new stake in Cerebras Systems in the second quarter valued at about $221,000. Proficio Capital Partners LLC acquired a new position in Cerebras Systems during the 2nd quarter worth approximately $1,383,000. Ratan Capital Management LP purchased a new position in shares of Cerebras Systems during the 2nd quarter worth approximately $4,641,000. Bank of New York Mellon Corp purchased a new position in shares of Cerebras Systems during the 2nd quarter worth approximately $6,118,000. Finally, Montanova Capital LLC acquired a new stake in shares of Cerebras Systems in the 2nd quarter valued at approximately $37,990,000.

About Cerebras Systems

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.