CDNS CADENCE DESIGN SYSTEMS INC
Price Chart
Executive Summary
President & CEO Anirudh Devgan and SVP Paul Scannell sold a combined $23.26M in open-market stock on June 1, 2026. Devgan's sales were paired with derivative exercises (both cash and non-cash), and his two-day total (June 1-2) reached $30.85M. At a $114.8B market cap, the cluster represents ~0.02% of float — trivial in absolute proportion. However, the CEO-led selling is part of a 30-day pattern of $34.4M in insider sales, and the cluster-amplifier cross-filing verdicts note statistically-significant interactions with earnings and late-filing contexts. With CDNS trading near $415 and the analyst community 91% bullish, these sales are likely liquidity/vesting-driven rather than a bearish signal, but the elevated recent selling cadence warrants monitoring for any operational event behind the pattern.
Key Financial Metrics
Actionable Insight
The CEO's June 1-2 selling is linked to option exercises and is small relative to market cap — not a credible bearish signal on its own. However, CDNS has now seen $34.4M in insider sales over 30 days, up from a lower baseline. Monitor the next 8-K or earnings release for any change in business trajectory. If the selling continues or accelerates toward $100M+ quarterly run-rate, that would be a more material flag.
Key Facts
- CEO Anirudh Devgan sold 51,822 shares on June 1 at ~$395 for $20.47M, preceded by derivative exercises of 26,821 shares at $78.76 and 26,821 shares at $0.
- Devgan sold an additional 25,005 shares on June 2 at $415 for $10.38M, bringing his two-day total to $30.85M.
- SVP Paul Scannell sold 7,081 shares on June 1 at ~$393.91 for $2.79M, paired with derivative exercises at $0 and $285.19.
- Total open-market sales in this cluster = $23.26M; cluster value as % of $114.8B market cap = ~0.02% — below the 0.1% triviality threshold.
- Prior 30-day insider activity: 4 sells totaling $34.4M, indicating elevated selling cadence.
- CDNS analyst consensus is 91% bullish (29 Buy, 3 Hold, 0 Sell).
- Cross-filing calibrations flag cluster-insider-trades as an AMPLIFIER when paired with earnings, press, and offering contexts.
Financial Impact
Cluster total = $23.26M in open-market sales at ~0.02% of $114.8B market cap; all sales are liquidity/proportion-trimming relative to derivative exercise volume.
Risk Factors
- CEO-anchored selling cluster may signal pre-positioning ahead of a negative catalyst despite the 10b5-1/liquidity framing.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CDNS-1780529227401 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
11d ago
|
Insider Cluster
| $411.09 $375.88 | ▼ −8.57% | ▼ −5.97% | $384.96 (−6.36%) |
|
May 31, 2026
14d ago
|
ANALYST-UPGRADE
| $304.78 $296.28 | ▼ −2.79% | ▼ −2.55% | $384.96 (+26.31%) |
|
May 27, 2026
18d ago
|
Insider Cluster
| $373.57 $374.67 | ▲ +0.29% | ▲ +0.05% | $384.96 (+3.05%) |
|
May 1, 2026
6w ago
|
ANALYST-UPGRADE
| $304.78 $296.28 | ▼ −2.79% | ▼ −2.55% | $384.96 (+26.31%) |
|
May 1, 2026
6w ago
|
Insider Cluster
| $340.90 $348.70 | ▲ +2.29% | ▲ +2.63% | $384.96 (+12.93%) |
|
May 1, 2026
6w ago
|
Insider Cluster
| $340.90 $348.70 | ▲ +2.29% | ▲ +2.63% | $384.96 (+12.93%) |
|
May 1, 2026
6w ago
|
Insider Cluster
| $340.90 $348.70 | ▲ +2.29% | ▲ +2.63% | $384.96 (+12.93%) |
|
May 1, 2026
6w ago
|
Insider Cluster
| $340.90 $348.70 | ▲ +2.29% | ▲ +2.63% | $384.96 (+12.93%) |
|
Mar 25, 2026
11w ago
|
DEFA14A
| $280.48 $271.61 | ▼ −3.16% | ▼ −1.48% | $384.96 (+37.25%) |
US Market Status
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