CDNS CADENCE DESIGN SYSTEMS INC
Price Chart
Executive Summary
Two CDNS senior VPs sold a combined $1.14M in open-market sales over a 5-day window. CEO Devgan also sold $19.2M on May 22 after exercising options, but that trade is excluded from the cluster window. The total cluster value is 0.001% of CDNS's $105B market cap — trivial and routine, likely driven by tax planning or 10b5-1 programs rather than a bearish signal.
Key Financial Metrics
Actionable Insight
Insider sales are immaterial in both dollar value and proportion to market cap. No bearish signal — these are routine diversification/vesting-related sales. Continue monitoring for any material change in insider selling velocity or C-suite departures.
Key Facts
- Two senior VPs sold a total of ~3,200 shares for $1.14M in open-market sales between May 18-22, 2026
- Total cluster value of $1.14M represents ~0.001% of CDNS's $105.3B market cap
- CEO Devgan exercised options and sold $19.2M on May 22, but this falls outside the 7-day cluster window
- All sales were open-market (code S); no insider purchases occurred in the cluster
- CDNS has 91% analyst bullish consensus with 29 buy/strong-buy ratings
Financial Impact
$1.14M in insider sales, negligible relative to $105.3B market cap
Risk Factors
- CEO's $19.2M sale on May 22 (outside cluster window) could be a larger signal if repeated in coming weeks
- No insider buying to offset selling pattern
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CDNS-1779919768265 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access