The dollar amount is trivial relative to Natera's $30.6B market cap. These sales are routine and carry no informational signal. Monitor for any material corporate events (earnings, guidance, clinical data) that could explain a shift in insider behavior, but this cluster alone does not warrant a trading response.
Price Chart
Executive Summary
A cluster of four NTRA insiders, including the CEO and a director, sold a total of ~$7.0M in open-market sales over a 5-day window. The largest sale ($5.78M) was by director Roelof Botha. The total represents ~0.02% of Natera's $30.6B market cap, which is trivial and well below the 0.1% threshold for materiality. The sales are likely routine portfolio diversification or tax-related, not a bearish signal.
Key Financial Metrics
Key Facts
- Four insiders sold shares totaling ~$7.0M in open-market transactions from June 1-5, 2026.
- Largest sale: Director Roelof Botha sold 26,400 shares for ~$5.78M at $218.69.
- CEO Steven Chapman sold 832 shares for ~$177K; Director Marcus Boxer sold 3,016 shares for ~$652K.
- Total sales represent ~0.02% of Natera's $30.6B market cap — well below the 0.1% materiality threshold.
- No insider open-market purchases were reported in the cluster.
Financial Impact
Total insider sales of ~$7.0M, or ~0.02% of market cap — immaterial relative to company size.
Risk Factors
- Insider sales could increase if the stock continues to rally, but this is normal diversification.
- No evidence of a bearish catalyst — the cluster is likely liquidity-driven.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTRA-1781053534196 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 28d ago | Insider Cluster | $328.18 $341.79 | ▲ +4.15% | ▲ +5.36% | $410.35 (+25.04%) |
Aug 29, 2026 4w ago | Insider Cluster | $321.96 $328.59 | ▼ −2.06% | ▼ −2.20% | $410.35 (−27.45%) |
Aug 15, 2026 6w ago | Insider Cluster | $314.18 $327.72 | ▲ +4.31% | ▲ +5.50% | $410.35 (+30.61%) |
Aug 8, 2026 7w ago | Insider Cluster | $318.35 $314.18 | ▼ −1.31% | ▼ −1.26% | $410.35 (+28.90%) |
Aug 6, 2026 8w ago | Insider Cluster | $265.38 $310.78 | ▼ −17.11% | ▼ −15.89% | $410.35 (−54.63%) |
Jul 30, 2026 9w ago | Insider Cluster | $269.66 $265.38 | ▼ −1.59% | ▼ −5.21% | $410.35 (+52.17%) |
Jul 18, 2026 10w ago | Insider Cluster | $262.63 $261.99 | ▼ −0.24% | ▲ +0.18% | $410.35 (+56.25%) |
Jul 16, 2026 11w ago | Insider Cluster | $269.83 $264.69 | ▼ −1.90% | ▼ −0.23% | $410.35 (+52.08%) |
Jul 9, 2026 12w ago | Insider Cluster | $281.85 $269.83 | ▼ −4.26% | ▼ −4.13% | $410.35 (+45.59%) |
Jul 7, 2026 12w ago | Insider Cluster | $281.27 $272.66 | ▼ −3.06% | ▼ −3.61% | $410.35 (+45.89%) |
US Market Status
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