CDNS CADENCE DESIGN SYSTEMS INC

NEUTRAL Impact: 3/10 Insider Cluster (3 insiders)
Horizon days Filed May 1, 2026 Processed 1mo ago
Insider cluster: 3 insiders, $4.0M total
Latest settled — T+20d ⚠ clustered
CDNS ▲ +21.49% at T+20d
NEUTRAL call ✓ call won +21.49% · α vs SPY +16.21% · entry $340.90 → $414.16
Next anchor: T+60d in 7w
Last close $394.24 (close Jun 8) · +15.65% from $340.90 entry
Entry anchored
Apr 30, 03:59 PM ET
via Databento tick
T+1d
+2.29%
call +2.29% · α +2.63%
$348.70
settled 6w ago
T+5d
+4.69%
call +4.69% · α +2.35%
$356.90
settled 5w ago
T+20d
+21.49%
call +21.49% · α +16.21%
$414.16
settled 12d ago
T+60d
—
call — · α —
—
in 7w

Price Chart

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Executive Summary

Three senior Cadence executives sold a total of $4.04M in stock within a week of the company reporting strong Q1 2026 results and raising its full-year revenue growth outlook to 17%. The sales are modest relative to the $97.9B market cap (0.004%) and likely reflect routine portfolio diversification following a 19% YoY revenue beat and record backlog of $8.0B.

Key Financial Metrics

Direction
selling
Total Value
$4.0M
Insiders
3

Actionable Insight

The insider sales are too small to signal concern — monitor for any acceleration in selling volume or C-suite departures, but no immediate action warranted. The strong Q1 beat and raised guidance dominate the narrative.

Key Facts

  • Three insiders sold a total of $4.04M in open-market transactions over 5 days
  • Sales represent 0.004% of CDNS's $97.9B market cap — trivial in size
  • CFO John Wall sold 412 shares ($143K) on May 5, 2026
  • Sr. VP Paul Scannell sold 10,500 shares ($3.56M) on May 1, 2026
  • Sr. VP Paul Cunningham sold 1,000 shares ($337K) on May 1, 2026
  • Q1 2026 revenue of $1.474B beat guidance; FY2026 revenue growth outlook raised to 17% at midpoint
  • Record backlog of $8.0B reported in the April 27 earnings release

Financial Impact

Total insider sales of $4.04M are negligible relative to $97.9B market cap

Risk Factors

  • Insider selling could increase if stock continues to appreciate post-earnings
  • No material risk identified from this cluster given trivial dollar amounts

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
91% bullish (32 analysts)

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-CDNS-1778190561957
9 reports for CDNS
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for CDNS — sortable, filterable
Type Now
Jun 3, 2026
6d ago
Insider Cluster
NEUTRAL ★ 3/10
$411.09 $375.88▼ −8.57%▼ −5.97%$394.24 (−4.10%)
May 31, 2026
9d ago
ANALYST-UPGRADE
BULLISH ★ 3/10
$304.78 $296.28▼ −2.79%▼ −2.55%$394.24 (+29.35%)
May 27, 2026
13d ago
Insider Cluster
NEUTRAL ★ 2/10
$373.57 $374.67▲ +0.29%▲ +0.05%$394.24 (+5.53%)
May 1, 2026
5w ago
ANALYST-UPGRADE
BULLISH ★ 3/10
$304.78 $296.28▼ −2.79%▼ −2.55%$394.24 (+29.35%)
May 1, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$340.90 $348.70▲ +2.29%▲ +2.63%$394.24 (+15.65%)
May 1, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$340.90 $348.70▲ +2.29%▲ +2.63%$394.24 (+15.65%)
May 1, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$340.90 $348.70▲ +2.29%▲ +2.63%$394.24 (+15.65%)
May 1, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$340.90 $348.70▲ +2.29%▲ +2.63%$394.24 (+15.65%)
Mar 25, 2026
10w ago
DEFA14A
NEUTRAL ★ 3/10
$280.48 $271.61▼ −3.16%▼ −1.48%$394.24 (+40.56%)
Showing 9 of 9

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