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Insider Cluster (2 insiders) ·Filed Sep 17, 2026

CDNS

CADENCE DESIGN SYSTEMS INC
BEARISH
Impact 4/10
Horizonweeks Processed1mo ago
Insider cluster: 2 insiders, $564K total
Actionable Insight ▼ Bearish

The SVP's open-market sale without a 10b5-1 plan is the most informative trade in this cluster. Monitor for additional insider sales or any negative pre-announcement in the coming weeks.

DirectionBearish
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
CDNS ▲ +13.03% at T+20d
SHORT call ✗ call lost -13.03% · α vs SPY -12.82% · entry $282.68 → $319.51
Next anchor: T+60d in 6w
Latest observation: T+25 -30.57% FF3 residual α
Entry = T+0 close
Sep 17, 2026
via day close
T+1d
+4.25%
call -4.25% · α -2.69%
$294.68
settled 6w ago
T+5d
+15.26%
call -15.26% · α -13.99%
$325.81
settled 5w ago
T+20d
+13.03%
call -13.03% · α -12.82%
$319.51
settled 13d ago
T+60d
Pending
in 6w

Price Chart

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Executive Summary

Two insiders at Cadence Design Systems sold a total of $564K in shares over a week, with the vast majority ($554K) coming from a senior vice president's open-market sale. The total represents ~0.17% of market cap, a modest but notable amount, and the cluster lacks a 10b5-1 plan indication, making the SVP's sale a potential signal of near-term caution.

Key Financial Metrics

Direction
selling
Total Value
$564.0K
Insiders
2

Key Facts

  • SVP Cunningham sold 2,000 shares for $554K at $277.12 on 2026-09-15
  • Director Brennan sold 33 shares for $9K at $284.44 on 2026-09-10
  • Total insider sales of $564K represent ~0.17% of market cap
  • No 10b5-1 plan indicated for either sale

Financial Impact

Total insider sales of $564K, ~0.17% of market cap

insider ownershipdilution

Risk Factors

  • Insider sales may be liquidity-driven despite no 10b5-1 plan
  • Small absolute dollar amount ($564K) relative to $326M market cap limits materiality

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-CDNS-1790025754266
22 reports for CDNS
Performance horizon
33% Hit rate @ T+60 1 of 3 directional calls Went positive at some point 2 of 4 best @ T+20▲ +2.30%Jul 23, 2026
Filters
Rows
Reports for CDNS — sortable, filterable
TypeNow
Oct 26, 2026
1d ago
8-K
BULLISH ★ 6/10
$322.17awaiting T+60—$343.08 (+6.49%)
Sep 17, 2026
5w ago
Insider Cluster
BEARISH ★ 4/10
$282.68awaiting T+60—$343.08 (−21.37%)
Sep 17, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$282.90awaiting T+60—$343.08 (+21.27%)
Aug 27, 2026
8w ago
Insider Cluster
NEUTRAL ★ 2/10
$340.39awaiting T+60—$343.08 (+0.79%)
Aug 25, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$334.68awaiting T+60—$343.08 (+2.51%)
Aug 17, 2026
10w ago
Court Ruling
NEUTRAL ★ 2/10
$316.52awaiting T+60—$343.08 (+8.39%)
Aug 13, 2026
10w ago
Court Ruling
NEUTRAL ★ 4/10
$324.82awaiting T+60—$343.08 (+5.62%)
Aug 5, 2026
11w ago
Institutional Cluster
BULLISH ★ 5/10
$338.42awaiting T+60—$343.08 (+1.38%)
Jul 28, 2026
13w ago
Court Ruling
NEUTRAL ★ 1/10
$332.76 $309.65▼ −6.94%▼ −11.67%$343.08 (+3.10%)
Jul 27, 2026
13w ago
8-K
BULLISH ★ 7/10
$344.72 $326.07▼ −5.41%▼ −9.76%$343.08 (−0.48%)
Showing 10 of 22

US Market Status

Market Closed — Opens Thu (11h 31m)

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Report published Sep 17, 2026