This cluster is too small relative to Natera's $30.5B market cap to warrant any trading action. The two president-level sales at identical prices on the same day strongly suggest a pre-arranged 10b5-1 plan or tax-withholding event, not a bearish signal. Botha's larger director sale is notable in absolute terms but still immaterial at the company's scale. No follow-up needed.
Price Chart
Executive Summary
Three Natera insiders sold a total of $6.40M in stock over a 7-day window, led by Director Roelof Botha's $5.78M open-market sale at ~$218.69. The cluster is dominated by a single large director sale (90% of total value), with two smaller president-level sales at ~$202.84. At 0.02% of Natera's $30.5B market cap, the total value is trivial and well below the 0.1% materiality threshold, making this a routine liquidity-driven event with no bearish signal.
Key Financial Metrics
Key Facts
- Three insiders sold a combined $6.40M in NTRA stock from May 26 to June 1, 2026
- Director Roelof Botha sold 26,411 shares at $218.69 for $5.78M (90% of total cluster value)
- President Solomon Moshkevich sold 1,650 shares at $202.84 for $335K
- President John Fesko sold 1,440 shares at $202.84 for $292K
- Total cluster value of $6.40M represents only 0.02% of Natera's $30.5B market cap
- Botha's sale is a single large director transaction, not a coordinated C-suite pattern
- The two president-level sales occurred on the same day at the same price, suggesting a 10b5-1 plan or vesting-driven event
Financial Impact
Total insider sales of $6.40M, or 0.02% of market cap — economically trivial
Risk Factors
- Director Botha's $5.78M sale could be misinterpreted as a bearish signal by retail traders
- If future insider sales accelerate in size or involve C-suite executives, the pattern would warrant closer attention
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-1780519267261 |
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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