Two executives at Cadence Design Systems Inc. (CDNS) sold a significant amount of company stock in early June. President and CEO Anirudh Devgan sold shares in two transactions totaling approximately $30.85 million.
The first transaction on June 1, 2026, involved 51,822 shares at $395.00 per share, valued at $20.47 million. This was followed by another sale of 25,005 shares on June 2, 2026, at $415.00 per share, bringing in $10.38 million.
While insider selling can be attributed to various personal financial decisions such as diversification or tax planning, the combined sales by multiple executives may attract investor attention.