Andrew Feldman Sells 26,644 Shares of Cerebras Systems (NASDAQ:CBRS) Stock

Posted by Stanley Muller on Aug 21st, 2026

Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) CEO Andrew Feldman sold 26,644 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $222.22, for a total transaction of $5,920,829.68. Following the completion of the sale, the chief executive officer directly owned 66,853 shares in the company, valued at approximately $14,856,073.66. This represents a 28.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cerebras Systems Price Performance

CBRS stock opened at $209.85 on Friday. The stock’s 50 day simple moving average is $208.60. Cerebras Systems Inc. has a fifty-two week low of $160.81 and a fifty-two week high of $386.34.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CBRS. Bank of New York Mellon Corp purchased a new stake in shares of Cerebras Systems in the 2nd quarter worth about $6,118,000. Tiger Pacific Capital LP acquired a new stake in Cerebras Systems in the 2nd quarter valued at about $221,000. Ratan Capital Management LP purchased a new position in Cerebras Systems during the 2nd quarter valued at about $4,641,000. Wellington Management Group LLP purchased a new position in Cerebras Systems during the 2nd quarter valued at about $194,853,000. Finally, Montanova Capital LLC acquired a new position in Cerebras Systems during the second quarter worth about $37,990,000.

Wall Street Analysts Forecast Growth

CBRS has been the subject of several recent analyst reports. Weiss Ratings initiated coverage on shares of Cerebras Systems in a research note on Thursday, August 13th. They issued a “sell (d)” rating for the company. Craig Hallum started coverage on shares of Cerebras Systems in a research report on Monday, June 8th. They issued a “buy” rating and a $325.00 price objective for the company. Morgan Stanley lifted their price objective on Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Citigroup cut their target price on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, Wedbush upped their price objective on Cerebras Systems from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $299.90.

Read Our Latest Analysis on Cerebras Systems

Key Stories Impacting Cerebras Systems

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

Positive Sentiment: Cerebras and Callosum announced a partnership to deliver ultra-low-latency, heterogeneous AI inference for agentic applications. The agreement strengthens Cerebras’ position in real-time AI workloads and could expand its commercial reach if customers adopt the combined offering. Cerebras and Callosum partnership
Positive Sentiment: The company’s CS-4 rack-scale accelerator is being promoted as up to 30 times faster than GPU-based solutions for certain inference workloads. The launch supports Cerebras’ strategy of competing with Nvidia in fast, real-time AI processing. Cerebras CS-4 announcement
Positive Sentiment: Rosenblatt Securities and Needham reaffirmed “buy” ratings with $300 price targets. Unusually heavy call-option activity and reports of manufacturing expansion, a large backlog, and potential growth in AI inference are also supporting bullish interest.
Neutral Sentiment: The CS-4 speed advantage is primarily a company claim and must be validated through independent benchmarks, customer deployments, and sustained sales. The technology announcement may therefore boost sentiment before materially affecting financial results.
Negative Sentiment: CEO Andrew Feldman sold 26,644 shares worth approximately $5.9 million to cover tax withholding tied to vested equity awards. Although the stated reason reduces its significance, the sale cut his ownership by 28.5%. Cerebras CEO insider sale
Negative Sentiment: Director Eric Vishria sold about $15.7 million of stock, while director Steven Vassallo sold approximately $10.9 million. The transactions, even where conducted under trading plans, may reinforce profit-taking concerns.
Negative Sentiment: Cerebras recently reported a $2.98-per-share loss versus the expected $0.21 loss, despite 74.3% year-over-year revenue growth to $209.9 million. The sharp earnings miss keeps profitability and valuation as important risks for CBRS.

About Cerebras Systems

(Get Free Report)

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.