This cluster is routine and non-informative. The sales are small relative to market cap and likely driven by vesting schedules or diversification. No actionable trading signal — monitor for any upcoming 8-K or earnings release that could provide context.
Price Chart
Executive Summary
Two senior vice presidents at Cadence Design Systems sold a combined $2.13M in open-market stock over a 5-day window, with one sale preceded by a derivative exercise. The total value is ~0.002% of the $87B market cap, making this a trivial cluster relative to company size. Per academic literature, insider sales are weak predictors, and the proportionality check confirms no material signal.
Key Financial Metrics
Key Facts
- Two Sr. VPs sold a combined $2.13M in open-market shares (Teng: $1.49M at $314.49; Cunningham: $647K at $323.32)
- Teng Chin-Chi also exercised 1,000 shares at $0 and 1,000 shares at $202.94, with the sale likely covering tax obligations or routine diversification
- Total cluster value is ~0.002% of CDNS's $87B market cap — far below the 0.1% materiality threshold
- Historical calibration shows prior bullish/long reports on CDNS have underperformed (avg T+20 P&L -3.92%, win rate 20%)
Financial Impact
Total insider sales of $2.13M represent ~0.002% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if broader sector rotation out of tech continues
- No evidence of material non-public information driving these trades
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CDNS-1787698907477 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Insider Cluster | $340.39 $326.70 | ▼ −4.02% | ▼ −4.53% | $351.35 (+3.22%) |
Aug 25, 2026 5w ago | Insider Cluster | $334.68 $294.90 | ▼ −11.89% | ▼ −13.09% | $351.35 (+4.98%) |
Aug 17, 2026 6w ago | Court Ruling | $323.47 $273.96 | ▼ −15.31% | ▼ −13.33% | $351.35 (+8.62%) |
Aug 13, 2026 7w ago | Court Ruling | $323.77 $289.37 | ▼ −10.62% | ▼ −8.88% | $351.35 (+8.52%) |
Aug 6, 2026 8w ago | Institutional Cluster | $338.42 $304.88 | ▼ −9.91% | ▼ −10.51% | $351.35 (+3.82%) |
Jul 28, 2026 9w ago | Court Ruling | $344.72 $331.90 | ▼ −3.72% | ▼ −7.10% | $351.35 (+1.92%) |
Jul 27, 2026 9w ago | 8-K | $344.72 $331.90 | ▼ −3.72% | ▼ −7.10% | $351.35 (+1.92%) |
Jul 24, 2026 10w ago | Insider Cluster | $326.24 $318.75 | ▲ +2.30% | ▲ +5.92% | $351.35 (−7.70%) |
Jul 20, 2026 10w ago | Court Ruling | $329.93 $323.47 | ▼ −1.96% | ▼ −6.08% | $351.35 (+6.49%) |
Jul 16, 2026 11w ago | ANALYST-UPGRADE | $364.65 $323.77 | ▼ −11.21% | ▼ −14.83% | $351.35 (−3.65%) |
US Market Status
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