CEO Anirudh Devgan Files Intent to Sell $20.47M in Stock
CDNS sits 59% above its 52-week low of $262.749 on elevated volume (1.9× avg).
Summary
CEO Anirudh Devgan plans to sell $20.47 million in company stock, adding to recent insider selling activity.
Key Events · Ownership and Investor Activity · CDNS
-
Proposed Stock Sale by CEO
CEO Anirudh Devgan intends to sell 51,822 shares of common stock, valued at approximately $20.47 million.
-
Recent Insider Selling
This proposed sale follows a previous sale of 51,887 shares by Devgan in the past three months, generating $19.20 million in gross proceeds.
-
Timing Near 52-Week High
The intent to sell comes as the company's stock is trading near its 52-week high of $414.92.
Analysis · CDNS · Technology
CEO Anirudh Devgan has filed a Form 144 indicating an intent to sell approximately $20.47 million worth of common stock. This proposed sale follows a previous sale of $19.20 million in the past three months by the same individual. While a small percentage of the company's large market capitalization, the significant absolute dollar value and the timing near the stock's 52-week high make this a notable liquidity event from a key executive.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CDNS was trading at $418.88 on NASDAQ in the Technology sector, with a market capitalization of approximately $114.2B. The 52-week trading range was $262.75 to $414.92. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.