Cerebras Systems (NASDAQ:CBRS) CEO Sells $3,113,349.40 in Stock

Cerebras Systems Inc. (NASDAQ:CBRS) CEO Andrew Feldman sold 17,990 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $173.06, for a total transaction of $3,113,349.40. Following the completion of the transaction, the chief executive officer owned 17,990 shares of the company’s stock, valued at approximately $3,113,349.40. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cerebras Systems Stock Up 0.1%

NASDAQ:CBRS opened at $221.27 on Thursday. Cerebras Systems Inc. has a 52 week low of $160.81 and a 52 week high of $386.34.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $300.00 target price on shares of Cerebras Systems in a research report on Wednesday, June 24th. UBS Group boosted their price target on shares of Cerebras Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Wedbush upped their price objective on shares of Cerebras Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Citigroup started coverage on shares of Cerebras Systems in a report on Monday, June 8th. They set a “buy” rating and a $340.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on shares of Cerebras Systems from $250.00 to $273.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. One 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $299.30.

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

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.