Cerebras Systems (NASDAQ:CBRS) Stock Falls 10.5% – Here’s What Happened

Posted by Brenda Bartman on Oct 16th, 2026

Shares of Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) dropped 10.5% during trading on Friday. The company traded as low as $126.05 and last traded at $127.21. Approximately 11,575,803 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 7,479,385 shares. The stock had previously closed at $142.17.

Wall Street Analyst Weigh In

CBRS has been the topic of several research analyst reports. Weiss Ratings cut Cerebras Systems from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, September 25th. Wall Street Zen raised Cerebras Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Freedom Capital upgraded Cerebras Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Citigroup dropped their price target on Cerebras Systems from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Wedbush lifted their price target on Cerebras Systems from $280.00 to $290.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $299.90.

View Our Latest Analysis on CBRS

Cerebras Systems Stock Down 10.5%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.80 and a current ratio of 5.82. The firm has a market cap of $30.22 billion and a price-to-earnings ratio of -1,590.12. The firm has a 50 day moving average price of $193.67.

Cerebras Systems (NASDAQ:CBRS – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($2.98) earnings per share (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. Cerebras Systems’s revenue was up 74.3% on a year-over-year basis. As a group, equities analysts anticipate that Cerebras Systems Inc. will post -0.52 earnings per share for the current year.

Insider Transactions at Cerebras Systems

In related news, Director Eric Vishria sold 68,268 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $229.77, for a total value of $15,685,938.36. Following the completion of the transaction, the director owned 31,383 shares of the company’s stock, valued at approximately $7,210,871.91. This represents a 68.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Dhiraj Mallick sold 396,000 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was 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 of the company’s stock, valued at $80,799,840. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,864,452 shares of company stock worth $387,680,754.

Hedge Funds Weigh In On Cerebras Systems

A number of institutional investors and hedge funds have recently bought and sold shares of CBRS. Cyndeo Wealth Partners LLC purchased a new position in Cerebras Systems during the third quarter worth approximately $209,000. NFSG Corp increased its holdings in shares of Cerebras Systems by 1,483.7% during the 3rd quarter. NFSG Corp now owns 8,821 shares of the company’s stock worth $1,567,000 after buying an additional 8,264 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Cerebras Systems in the third quarter worth approximately $495,000. Fortitude Advisory Group L.L.C. increased its stake in Cerebras Systems by 30.6% during the third quarter. Fortitude Advisory Group L.L.C. now owns 4,163 shares of the company’s stock worth $740,000 after acquiring an additional 975 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Cerebras Systems in the third quarter valued at about $44,000.

Cerebras Systems Company Profile

(Get Free Report)

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.