Cerebras Systems (NASDAQ:CBRS) COO Dhiraj Mallick Sells 10,000 Shares

Cerebras Systems Inc. (NASDAQ:CBRS) COO Dhiraj Mallick sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $206.51, for a total transaction of $2,065,100.00. Following the transaction, the chief operating officer owned 10,000 shares in the company, valued at approximately $2,065,100. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 stock was 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 Price Performance

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

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

Key Stories Impacting Cerebras Systems

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

Several equities analysts recently issued reports on CBRS shares. UBS Group lifted their price target 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. Freedom Capital raised shares of Cerebras Systems to a “hold” rating in a research note on Monday. Zacks Research raised shares of Cerebras Systems to a “hold” rating in a report on Tuesday, June 9th. 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 note on Wednesday, June 24th. Finally, Craig Hallum initiated coverage on Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $325.00 target price on the stock. One research 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.