Dhiraj Mallick Acquires Shares in Cerebras Systems Inc.
Cerebras Systems' COO, Dhiraj Mallick, purchased 69,445 shares, reflecting insider confidence.
Key Points
- Dhiraj Mallick, COO of Cerebras Systems, purchased 69,445 shares of CBRS on June 25, 2026.
- Cerebras Systems Inc.'s stock traded at $215.32 on Tuesday, with a market cap of $40.47 billion and a P/E ratio of 403.5.
- Analysts from UBS, Rosenblatt, and others maintained 'buy' ratings, setting price targets between $273 and $320.
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Dhiraj Mallick, the Chief Operating Officer of Cerebras Systems Inc. (NasdaqGS: CBRS), made a significant move by acquiring 69,445 shares of the company on June 25, 2026. This transaction wasn't part of a pre-planned trading program, suggesting a direct show of confidence in Cerebras' future prospects.
Insider Buying and Selling at Cerebras Systems Inc.
In addition to Mallick's purchase, several other insiders were active. Yagnesh Patel, the Chief Accounting Officer, bought 15,000 shares and sold a total of 10,079 shares across multiple transactions on June 25 and 26. Meanwhile, CEO Andrew Feldman sold 17,990 shares on June 25 without any pre-planned trading strategy. Sean Lie, the Chief Technology Officer, also sold 10,033 shares on the same day.
Cerebras Systems Inc. Stock Up 20.2%
Shares of Cerebras Systems Inc. traded near $215.32 on Tuesday. The company has a market cap of approximately $40.47 billion and boasts a P/E ratio of 403.5, indicating high investor expectations. The stock's 52-week range spans from $160.81 to $386.34, with moving averages of $236.48 for both the 50-day and 200-day periods. Cerebras holds a current ratio of 2.51 and a quick ratio of 1.61, alongside a debt-to-equity ratio of 49.47.
$CBRS stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 24, 2026, several analysts maintained their bullish outlook on Cerebras Systems. UBS, Rosenblatt, Wedbush, and Morgan Stanley all reaffirmed their 'buy' ratings, with price targets ranging from $273 to $320. Needham also reiterated a 'buy' rating with a target of $300. The consensus among analysts remains strong, with a mean target price of $299.30 from ten opinions, reflecting a 'strong buy' recommendation.
About Cerebras Systems Inc.
Cerebras Systems Inc. is a technology company based in Sunnyvale, California, specializing in artificial intelligence infrastructure. Founded in 2015, it designs and manufactures AI compute platforms, including its pioneering wafer-scale engine. This chip is designed to outperform traditional GPUs in AI applications like inference and generative AI. With operations spanning the globe, Cerebras serves a diverse clientele including hyperscalers and AI-focused enterprises under the leadership of CEO Andrew Feldman.
Bottom Line
The insider buying activity by Dhiraj Mallick at Cerebras Systems highlights a vote of confidence from the company's leadership. Investors often track such moves to gauge insider sentiment. It's important to remember that this data reflects past actions and might not indicate current positions. Analyst ratings also suggest optimism about Cerebras' potential in the AI sector.
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