Cerebras Systems (NASDAQ:CBRS) Stock: Insider Dhiraj Mallick Sells 396,000 Shares

Cerebras Systems Inc. (NASDAQ:CBRS) COO Dhiraj Mallick sold 396,000 shares of Cerebras Systems stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $204.04, for a total transaction of $80,799,840.00. Following the transaction, the chief operating officer owned 396,000 shares in the company, valued at $80,799,840. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Dhiraj Mallick sold 38,889 shares of Cerebras Systems stock. The shares were sold at an average price of $222.22, for a total value of $8,641,913.58.

Cerebras Systems Trading Down 8.9%

NASDAQ:CBRS traded down $17.30 during mid-day trading on Wednesday, hitting $177.65. The company had a trading volume of 13,826,933 shares, compared to its average volume of 7,047,298. The business has a fifty day simple moving average of $203.58. The company has a quick ratio of 5.80, a current ratio of 5.82 and a debt-to-equity ratio of 0.02. Cerebras Systems Inc. has a 1 year low of $160.81 and a 1 year high of $386.34. The company has a market capitalization of $42.20 billion and a price-to-earnings ratio of -2,220.62.

Cerebras Systems (NASDAQ:CBRS) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($2.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($2.77). The business had revenue of $209.87 million during the quarter. The business’s revenue for the quarter was up 74.3% on a year-over-year basis. As a group, research analysts anticipate that Cerebras Systems Inc. will post -0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CBRS. Freedom Capital upgraded Cerebras Systems to a “hold” rating in a report on Monday, June 29th. Rosenblatt Securities reiterated a “buy” rating and set a $300.00 price objective on shares of Cerebras Systems in a research note on Wednesday, August 19th. Citigroup reduced their target price on shares of Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Wedbush upped their target price on shares of Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Cerebras Systems to a “hold” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.90.

Key Headlines Impacting Cerebras Systems

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

• Positive Sentiment: New customer wins support inference growth. General Compute selected Cerebras to provide ultra-fast inference for agentic coding, expanding the company’s potential AI workload base. General Compute Selects Cerebras to Bring Ultra-Fast Inference to Agentic Coding
• Positive Sentiment: Gimlet Labs partnership adds another bullish catalyst. Reports tied the partnership to a sharp intraday gain, suggesting investors view Cerebras’ technology and software ecosystem as increasingly relevant to AI infrastructure demand. Cerebras Systems Stock Rises on Gimlet Labs Partnership
• Positive Sentiment: Backlog and capacity expansion remain long-term positives. Cerebras reportedly has a $25.4 billion backlog, while expanding data-center capacity and improving margins could help it compete with NVIDIA and AMD if demand converts into revenue. CBRS Backlog Rides on Strong AI Demand
• Neutral Sentiment: Options activity increased. Investors purchased about 45,379 call options, roughly 14% above average call volume, indicating heightened speculative interest but not guaranteeing a sustained rally.
• Neutral Sentiment: Analysts remain divided on the investment case. Commentary highlights Cerebras’ rapid AI growth and backlog, but also questions whether benchmark advantages translate into durable competitive strength. Revenue growth has been strong year over year, although recent sequential performance lagged Nebius. Cerebras Systems Benchmark Numbers Do Not Make This a Winner
• Negative Sentiment: A 19.4 million-share unlock is pressuring the stock. The newly available shares increase potential supply and dilution-related selling pressure. Cerebras Stock Falls as Share Unlock Hits
• Negative Sentiment: Reports that OpenAI may be shifting workloads toward NVIDIA chips weakened the bullish narrative. Investors are concerned that OpenAI’s latest model is not running on Cerebras hardware and that a reported OpenAI-NVIDIA partnership could limit Cerebras’ customer momentum. Cerebras Stock Plunges on OpenAI-NVIDIA Partnership Reports
• Negative Sentiment: Insider selling added to investor caution. CTO Sean Lie sold 120,000 shares worth approximately $25.1 million under a pre-arranged Rule 10b5-1 plan, reducing his holdings by about 28%. Cerebras CTO Share Sale

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp purchased a new stake in Cerebras Systems during the 2nd quarter worth approximately $105,343,000. Silicon Valley Capital Partners purchased a new position in shares of Cerebras Systems during the 2nd quarter valued at approximately $44,000. Smith Chas P & Associates PA Cpas acquired a new stake in shares of Cerebras Systems during the second quarter worth approximately $598,000. Dragoneer Investment Group LLC bought a new stake in shares of Cerebras Systems in the second quarter worth $88,400,000. Finally, National Pension Service bought a new stake in shares of Cerebras Systems in the second quarter worth $2,210,000.

Cerebras Systems Company Profile

Cerebras Systems is an artificial intelligence computing company that develops specialized hardware and software for training and deploying large AI models. The company’s technology is designed to address the computational demands of generative AI, deep learning and other data-intensive workloads.

Its core products include the Wafer-Scale Engine, a purpose-built AI processor produced on a single silicon wafer, and the CS-3 AI supercomputer, which incorporates that processor into an integrated computing system.