Insider sales are immaterial in both dollar value and proportion to market cap. No bearish signal — these are routine diversification/vesting-related sales. Continue monitoring for any material change in insider selling velocity or C-suite departures.
Price Chart
Executive Summary
Two CDNS senior VPs sold a combined $1.14M in open-market sales over a 5-day window. CEO Devgan also sold $19.2M on May 22 after exercising options, but that trade is excluded from the cluster window. The total cluster value is 0.001% of CDNS's $105B market cap — trivial and routine, likely driven by tax planning or 10b5-1 programs rather than a bearish signal.
Key Financial Metrics
Key Facts
- Two senior VPs sold a total of ~3,200 shares for $1.14M in open-market sales between May 18-22, 2026
- Total cluster value of $1.14M represents ~0.001% of CDNS's $105.3B market cap
- CEO Devgan exercised options and sold $19.2M on May 22, but this falls outside the 7-day cluster window
- All sales were open-market (code S); no insider purchases occurred in the cluster
- CDNS has 91% analyst bullish consensus with 29 buy/strong-buy ratings
Financial Impact
$1.14M in insider sales, negligible relative to $105.3B market cap
Risk Factors
- CEO's $19.2M sale on May 22 (outside cluster window) could be a larger signal if repeated in coming weeks
- No insider buying to offset selling pattern
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-1779919768265 |
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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