Cerebras Systems (NASDAQ:CBRS) Stock Falls 11% – Time to Sell?

Posted by Francis Steltz on Nov 7th, 2026

Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report)’s stock price was down 11% on Thursday. The stock traded as low as $77.84 and last traded at $81.71. Approximately 15,827,159 shares traded hands during trading, an increase of 100% from the average session volume of 7,908,074 shares. The stock had previously closed at $91.85.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CBRS. TD Cowen reduced their target price on shares of Cerebras Systems from $275.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Mizuho lowered their target price on shares of Cerebras Systems from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Weiss Ratings lowered shares of Cerebras Systems from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $300.00 price target on shares of Cerebras Systems in a report on Wednesday, August 19th. Finally, Wedbush boosted their price target on shares of Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $281.90.

Read Our Latest Report on CBRS

Cerebras Systems Stock Up 9.8%

The company has a debt-to-equity ratio of 0.02, a current ratio of 5.82 and a quick ratio of 5.80. The firm has a market capitalization of $21.30 billion and a P/E ratio of -1,121.00. The firm’s 50-day moving average is $159.28.

Cerebras Systems (NASDAQ:CBRS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($2.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($2.77). The company had revenue of $209.87 million during the quarter. The company’s quarterly revenue was up 74.3% on a year-over-year basis. Equities analysts forecast that Cerebras Systems Inc. will post -0.52 EPS for the current fiscal year.

Insider Activity at Cerebras Systems

In related news, Director Steven Vassallo sold 50,000 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $210.30, for a total value of $10,515,000.00. Following the transaction, the director directly owned 171,977 shares of the company’s stock, valued at approximately $36,166,763.10. The trade was a 22.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Sean Lie sold 60,000 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $115.79, for a total transaction of $6,947,400.00. Following the completion of the transaction, the chief technology officer directly owned 263,592 shares in the company, valued at $30,521,317.68. This trade represents a 18.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,924,452 shares of company stock worth $394,628,154.

Institutional Trading of Cerebras Systems

Several hedge funds have recently added to or reduced their stakes in CBRS. Wealth Enhancement Trust Services Inc. bought a new position in shares of Cerebras Systems during the 3rd quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Cerebras Systems in the 3rd quarter worth approximately $31,000. GK Wealth Management LLC bought a new stake in shares of Cerebras Systems in the 3rd quarter worth approximately $31,000. Silicon Valley Capital Partners purchased a new position in Cerebras Systems in the second quarter valued at approximately $44,000. Finally, Torren Management LLC purchased a new position in Cerebras Systems in the third quarter valued at approximately $39,000.

Cerebras Systems Company Profile

(Get Free Report)

Cerebras Systems develops computing systems and software designed for artificial intelligence and other compute-intensive workloads. Its products are built around the Wafer-Scale Engine, a large processor designed to support AI model training and inference, and include the CS-3 system and related software.

The company also offers cloud-based access to its AI computing infrastructure, giving customers a way to run AI workloads without deploying its systems on site. Its offerings are aimed at organizations developing and operating large AI models, including businesses, research institutions and public-sector customers.

Founded in 2015, Cerebras is headquartered in Sunnyvale, California.