Insider Selling: Cerebras Systems (NASDAQ:CBRS) COO Sells $3,474,600.00 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) COO Dhiraj Mallick sold 20,000 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $173.73, for a total transaction of $3,474,600.00. Following the completion of the transaction, the chief operating officer directly owned 33,130 shares in the company, valued at $5,755,674.90. The trade was a 37.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, June 30th, Dhiraj Mallick sold 10,000 shares of Cerebras Systems stock. The stock was 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 stock was sold at an average price of $169.28, for a total transaction of $6,116,255.68.
• On Thursday, June 25th, Dhiraj Mallick sold 13,314 shares of Cerebras Systems stock. The shares were sold at an average price of $184.89, for a total value of $2,461,625.46.

Cerebras Systems Stock Up 0.1%

NASDAQ CBRS opened at $221.27 on Thursday. Cerebras Systems Inc. has a twelve month low of $160.81 and a twelve month high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.10. The firm had revenue of $193.41 million for the quarter, compared to the consensus estimate of $180.70 million.

Cerebras Systems News Summary

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup initiated coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They set a “buy” rating and a $340.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Cerebras Systems from $250.00 to $273.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Mizuho initiated coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued an “outperform” rating and a $300.00 price objective for the company. UBS Group increased their target price on shares of Cerebras Systems from $300.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target 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 issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $299.30.

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.