Insider Selling: Cerebras Systems (NASDAQ:CBRS) CAO Sells $1,042,730.87 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CAO Yagnesh Patel sold 6,079 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $171.53, for a total value of $1,042,730.87. Following the transaction, the chief accounting officer directly owned 4,000 shares in the company, valued at approximately $686,120. This trade represents a 60.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Yagnesh Patel also recently made the following trade(s):

• On Friday, June 26th, Yagnesh Patel sold 3,954 shares of Cerebras Systems stock. The shares were sold at an average price of $174.03, for a total value of $688,114.62.
• On Thursday, June 25th, Yagnesh Patel sold 46 shares of Cerebras Systems stock. The shares were sold at an average price of $189.36, for a total transaction of $8,710.56.

Cerebras Systems Trading Up 0.1%

Shares of CBRS opened at $221.27 on Thursday. Cerebras Systems Inc. has a fifty-two week low of $160.81 and a fifty-two week high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last announced its quarterly earnings results on Tuesday, June 23rd. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $193.41 million during the quarter, compared to analyst estimates of $180.70 million.

Wall Street Analysts Forecast Growth

CBRS has been the topic of a number of research reports. Zacks Research raised Cerebras Systems to a “hold” rating in a report on Tuesday, June 9th. Wall Street Zen raised Cerebras Systems from a “strong sell” rating to a “sell” rating in a report on Sunday, June 21st. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Cerebras Systems in a research report on Wednesday, June 24th. Morgan Stanley raised their price target on shares of Cerebras Systems from $250.00 to $273.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 price objective on shares of Cerebras Systems in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $299.30.

More Cerebras Systems News

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

• Positive Sentiment: Cerebras continues to benefit from strong Q1 2026 results, with revenue up 94% year over year to $193.4 million and EPS beating expectations, reinforcing the company’s growth story in AI infrastructure. Cerebras Systems (CBRS) Reports Strong Growth Following Multi-Year OpenAI Partnership
• Positive Sentiment: Freedom Capital reportedly upgraded Cerebras to “hold,” while earlier analyst reports remained broadly constructive, adding to the view that Wall Street still sees meaningful long-term potential in the stock. Cerebras Systems upgraded by Freedom Capital to hold
• Neutral Sentiment: Market commentary continues to highlight Cerebras as a closely watched AI name, which may help keep investor attention elevated, but this is more of a visibility factor than a direct catalyst. Cerebras Systems (CBRS): 10 AI Stocks on Wall Street’s Radar
• Negative Sentiment: Several executives, including the CEO, COO, CTO, and CAO, disclosed stock sales over the past few days. Even if some sales were tied to tax withholding or equity awards, the volume can pressure sentiment around CBRS. Insider trading disclosures for Cerebras Systems
• Negative Sentiment: New law-firm announcements about securities-fraud investigations into Cerebras may add caution for investors, even though no wrongdoing has been proven. Securities Fraud Investigation Into Cerebras Systems Inc. (CBRS) Announced

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.