Key Points
- Cerebras Systems COO Dhiraj Mallick sold 10,000 shares on Tuesday, June 30, at an average price of $206.51, for proceeds of about $2.07 million. The sale cut his ownership by 50% to 10,000 shares.
- Mallick has also made multiple recent insider sales, including larger transactions on June 25 and June 26 totaling tens of thousands of shares. The article notes that several executives at Cerebras have disclosed stock sales in recent days.
- Cerebras reported stronger-than-expected quarterly results, with EPS of -$0.04 versus estimates of -$0.14 and revenue of $193.4 million versus expectations of $180.7 million. Despite the insider selling, the stock has a Moderate Buy consensus and a $299.30 average price target.
Cerebras Systems Inc. (NASDAQ:CBRS - Get Free Report) COO Dhiraj Mallick sold 10,000 shares of Cerebras Systems stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $206.51, for a total value of $2,065,100.00. Following the completion of the sale, the chief operating officer directly owned 10,000 shares of the company's stock, valued at $2,065,100. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Dhiraj Mallick also recently made the following trade(s):
- 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 value of $6,116,255.68.
- On Friday, June 26th, Dhiraj Mallick sold 20,000 shares of Cerebras Systems stock. The shares were sold at an average price of $173.73, for a total value of $3,474,600.00.
- 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%
Shares of CBRS stock opened at $221.27 on Thursday. Cerebras Systems Inc. has a 12 month low of $160.81 and a 12 month high of $386.34.
Cerebras Systems (NASDAQ:CBRS - Get Free Report) last released its earnings results on Tuesday, June 23rd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.10. The business had revenue of $193.41 million for the quarter, compared to analyst estimates of $180.70 million.
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
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on CBRS. UBS Group raised their price objective on shares of Cerebras Systems from $300.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of Cerebras Systems from a "strong sell" rating to a "sell" rating in a research report on Sunday, June 21st. Wedbush increased their price target on Cerebras Systems from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, June 24th. 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 objective for the company. Finally, Freedom Capital upgraded Cerebras Systems to a "hold" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cerebras Systems presently has an average rating of "Moderate Buy" and a consensus target price of $299.30.
View Our Latest Analysis on CBRS
About Cerebras Systems
(
Get Free Report)
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.
Further Reading
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