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

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

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

Key Cerebras Systems News

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.

Insider Buying and Selling

In other news, CTO Sean Lie sold 710,247 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $207.86, for a total value of $147,631,941.42. Following the completion of the transaction, the chief technology officer directly owned 368,926 shares in the company, valued at approximately $76,684,958.36. This represents a 65.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew D. Feldman sold 237,559 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $199.27, for a total value of $47,338,381.93. Following the sale, the chief executive officer directly owned 16,853 shares in the company, valued at approximately $3,358,297.31. This trade represents a 93.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,291,278 shares of company stock worth $265,966,662 in the last ninety days.

Cerebras Systems Stock Performance

Shares of Cerebras Systems stock opened at $172.62 on Wednesday. The firm’s 50 day moving average is $202.42. Cerebras Systems Inc. has a 1 year low of $160.81 and a 1 year high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($2.98) EPS for the quarter, missing the consensus estimate of ($0.21) by ($2.77). The company had revenue of $209.87 million for the quarter. Cerebras Systems’s quarterly revenue was up 74.3% compared to the same quarter last year. Equities research analysts forecast that Cerebras Systems Inc. will post -0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CBRS. UBS Group raised their target price on shares of Cerebras Systems from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Citigroup reduced their price target on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Wedbush raised their price objective on Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. TD Cowen assumed coverage on Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $275.00 price objective for the company. Finally, Freedom Capital raised shares of Cerebras Systems to a “hold” rating in a report on Monday, June 29th. One equities 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.