Cerebras Systems Inc. (NASDAQ:CBRS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cerebras Systems Inc. (NASDAQ:CBRS) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $299.30.

Several research firms recently issued reports on CBRS. Zacks Research upgraded Cerebras Systems to a “hold” rating in a report on Tuesday, June 9th. Freedom Capital upgraded Cerebras Systems to a “hold” rating in a research note on Monday. Mizuho started coverage on Cerebras Systems in a research note on Monday, June 8th. They set an “outperform” rating and a $300.00 price objective on the stock. TD Cowen assumed coverage on Cerebras Systems in a report on Monday, June 8th. They issued a “buy” rating and a $275.00 price objective for the company. Finally, Craig Hallum began coverage on shares of Cerebras Systems in a research note on Monday, June 8th. They issued a “buy” rating and a $325.00 target price for the company.

Insider Activity

In other news, CTO Sean Lie sold 10,033 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $170.07, for a total transaction of $1,706,312.31. Following the transaction, the chief technology officer directly owned 10,033 shares in the company, valued at $1,706,312.31. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Yagnesh Patel sold 6,079 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $171.53, for a total transaction of $1,042,730.87. Following the completion of the sale, the chief accounting officer directly owned 4,000 shares in the company, valued at approximately $686,120. The trade was a 60.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 117,547 shares of company stock worth $20,676,799.

Cerebras Systems Stock Performance

Shares of NASDAQ:CBRS opened at $204.86 on Friday. Cerebras Systems has a one year low of $160.81 and a one year high of $386.34.

Cerebras Systems (NASDAQ:CBRS) last posted 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 analyst estimates of $180.70 million.

Cerebras Systems News Roundup

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

• Positive Sentiment: Cerebras’s latest quarterly report was still a major bright spot: revenue rose 94% year over year to $193.4 million and EPS beat expectations, reinforcing the company’s AI growth narrative. Cerebras Systems (CBRS) Reports Strong Growth Following Multi-Year OpenAI Partnership
• Positive Sentiment: Analyst commentary remains broadly constructive overall, with firms including UBS and Wedbush maintaining bullish views and lifting price targets, suggesting the long-term outlook is still favorable. Cerebras Systems upgraded by Freedom Capital to hold
• Neutral Sentiment: Attention around Cerebras has stayed elevated as investors continue to compare it with other high-profile AI names, which may keep trading active but is not a direct catalyst. Is Cerebras Systems (CBRS) Better Than SpaceX and SanDisk?
• Negative Sentiment: Multiple law firms announced securities-fraud investigations into Cerebras, creating headline risk and uncertainty for shareholders even though no wrongdoing has been proven. Securities Fraud Investigation Into Cerebras Systems Inc. (CBRS) Announced
• Negative Sentiment: Recent insider selling, including a notable COO share sale, is also weighing on sentiment and may have amplified the stock’s decline. Insider trading disclosures for Cerebras Systems

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.