Cerebras Systems (NASDAQ:CBRS) Stock Price Up 9.8% – What’s Next?

Posted by Brenda Bartman on Nov 6th, 2026

Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) shot up 9.8% during mid-day trading on Friday. The stock traded as high as $90.29 and last traded at $89.68. 9,906,546 shares were traded during trading, an increase of 25% from the average session volume of 7,935,029 shares. The stock had previously closed at $81.71.

Analyst Upgrades and Downgrades

CBRS has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Cerebras Systems from $330.00 to $250.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley boosted their target price on Cerebras Systems from $273.00 to $279.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Weiss Ratings downgraded Cerebras Systems from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday. Jefferies Financial Group upgraded Cerebras Systems to an “outperform” rating in a report on Monday, October 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Cerebras Systems in a report on Wednesday, August 19th. Two 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $281.90.

Get Our Latest Stock Analysis on CBRS

Cerebras Systems Price Performance

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 company’s fifty day moving average price is $161.22. The firm has a market cap of $21.30 billion and a PE ratio of -1,121.00.

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

Insider Activity

In other Cerebras Systems news, CFO Robert Patrick Jr. Komin sold 32,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $203.53, for a total transaction of $6,614,725.00. Following the completion of the sale, the chief financial officer directly owned 30,670 shares of the company’s stock, valued at approximately $6,242,265.10. The trade was a 51.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $204.04, for a total value of $80,799,840.00. Following the completion of the sale, the chief operating officer directly owned 396,000 shares of the company’s stock, valued at approximately $80,799,840. This trade represents a 50.00% 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. In the last three months, insiders sold 1,924,452 shares of company stock worth $394,628,154.

Institutional Trading of Cerebras Systems

Several institutional investors have recently made changes to their positions in the company. McGuire Investment Group LLC lifted its position in shares of Cerebras Systems by 7.6% during the third quarter. McGuire Investment Group LLC now owns 1,420 shares of the company’s stock valued at $252,000 after purchasing an additional 100 shares in the last quarter. Wealth Enhancement Trust Services Inc. purchased a new stake in Cerebras Systems in the 3rd quarter valued at about $26,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Cerebras Systems during the 3rd quarter worth approximately $31,000. GK Wealth Management LLC purchased a new position in shares of Cerebras Systems in the 3rd quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners purchased a new position in shares of Cerebras Systems in the 2nd quarter worth approximately $44,000.

About Cerebras Systems

(Get Free Report)

Cerebras Systems is a technology company that develops specialized computing systems for artificial intelligence and high-performance computing. Its core product is the Wafer-Scale Engine, a processor designed to provide large-scale computing capacity and high-speed data movement for training and running AI models.

The company offers integrated AI computing systems, including the Cerebras CS series, which combines its wafer-scale processors with supporting hardware and software. Cerebras also provides access to its technology through cloud-based services, enabling businesses, research organizations and other users to develop and deploy AI applications without operating the underlying systems themselves.

Founded in 2015 and headquartered in Sunnyvale, California, Cerebras serves customers in sectors such as technology, government, scientific research and other data-intensive industries.