Silverleafe Capital Partners LLC Buys New Shares in Cerebras Systems Inc. $CBRS

Silverleafe Capital Partners LLC purchased a new stake in Cerebras Systems Inc. (NASDAQ:CBRS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,700 shares of the company’s stock, valued at approximately $835,000.

Other institutional investors have also recently modified their holdings of the company. Value Aligned Research Advisors LLC purchased a new position in Cerebras Systems in the second quarter worth $241,934,000. Wellington Management Group LLP acquired a new stake in Cerebras Systems in the second quarter valued at $194,853,000. State Street Corp purchased a new stake in shares of Cerebras Systems during the 2nd quarter worth $105,343,000. Dragoneer Investment Group LLC acquired a new position in shares of Cerebras Systems during the 2nd quarter worth $88,400,000. Finally, Montanova Capital LLC acquired a new position in shares of Cerebras Systems during the 2nd quarter worth $37,990,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Craig Hallum assumed coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued a “buy” rating and a $325.00 price objective for the company. Mizuho lowered their target price on shares of Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Freedom Capital raised shares of Cerebras Systems to a “hold” rating in a report on Monday, June 29th. Rosenblatt Securities reiterated a “buy” rating and set a $300.00 price target on shares of Cerebras Systems in a research report on Wednesday, August 19th. Finally, Barclays started coverage on Cerebras Systems in a research note on Monday, June 8th. They set an “overweight” rating and a $280.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $299.90.

Key Stories Impacting Cerebras Systems

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

• Positive Sentiment: Analyst pushes back on OpenAI concerns: A recent analyst argued that fears of OpenAI moving its AI workloads away from Cerebras are overblown and described competition from NVIDIA as exaggerated. The bullish view helped support the stock after its recent selloff. Cerebras Systems Stock Rises After Analyst Calls OpenAI Fears Overblown
• Positive Sentiment: Long-term AI demand remains a support: Cerebras continues to benefit from an attractive AI-inference market opportunity, while analysts have generally maintained positive ratings and price targets well above the current trading level. However, the company’s most recent quarterly loss significantly exceeded consensus expectations despite strong revenue growth.
• Neutral Sentiment: Valuation remains difficult to assess: Cerebras is valued on expected AI growth, backlog and technology advantages rather than current earnings. Analysts remain broadly constructive, but investors are debating whether its performance advantages will translate into durable market share and profitability. Cerebras Systems This Is Not a Golden Buying Opportunity
• Negative Sentiment: Multiple executives sold shares: COO Dhiraj Mallick sold 396,000 shares worth about $80.8 million, CFO Robert Patrick Jr. Komin sold 32,500 shares worth roughly $6.6 million, and CAO Yagnesh Patel sold 1,320 shares. The transactions were made under pre-arranged Rule 10b5-1 plans, but their scale—particularly the COO’s sale—has increased investor concern and selling pressure. Cerebras Executive Insider Sale
• Negative Sentiment: Competitive and customer risks persist: Reports that OpenAI may be shifting some of its fastest AI models toward NVIDIA hardware have raised concerns about Cerebras’ anchor-customer relationship and future growth. The stock also slipped below its IPO price as insider-sale filings added to the negative narrative. Cerebras Slipped Below Its IPO Price as Insiders Filed to Sell

Insider Activity

In other 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 value of $269,940.00. Following the completion of the sale, the chief accounting officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Sean Lie sold 120,000 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $208.97, for a total value of $25,076,400.00. Following the completion of the transaction, the chief technology officer directly owned 309,569 shares in the company, valued at $64,690,633.93. This trade represents a 27.93% 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. In the last 90 days, insiders have sold 1,864,452 shares of company stock worth $387,680,754.

Cerebras Systems Trading Down 1.8%

Shares of NASDAQ CBRS traded down $3.09 during midday trading on Friday, reaching $166.43. 12,015,734 shares of the stock were exchanged, compared to its average volume of 7,152,654. The stock has a market capitalization of $39.54 billion and a P/E ratio of -2,080.38. Cerebras Systems Inc. has a 52-week low of $160.81 and a 52-week high of $386.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80. The stock’s 50 day simple moving average is $201.92.

Cerebras Systems (NASDAQ:CBRS) last issued 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 during the quarter. The company’s revenue was up 74.3% compared to the same quarter last year. On average, analysts forecast that Cerebras Systems Inc. will post -0.52 earnings per share for the current year.

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.