Are CDXS insiders and hedge funds buying or selling?

Roarable's SEC Form 4 and 13F Whale Thermometer currently classifies CDXS leadership and institutional positioning as: NET EXECUTIVE TRIMMING / PROFIT-TAKING.

Stock Ratings / Materials / CDXS / insiders

ACNT (32) LODE (21) AMTX (28) LTBR (28) ⌘ Pro Terminal →

Codexis Inc. (CDXS) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Q: Where is CDXS trading relative to its 50-day, 200-day, and 52-week technical levels?

CDXS last traded at $1.05 (-12.18% on volume of 1,133,468 shares), positioning the stock -23.91% below its 50-day simple moving average ($1.38) and -41.99% below its 200-day simple moving average ($1.81). Across its 52-week range of $0.96 to $2.98, CDXS sits at the 4.5% percentile with a 14-day RSI of 38.7 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.00 to $1.18).

$1.05 -12.18% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $1.02

Codexis Inc. (CDXS) carries a Roarable Rating of E (Strong Sell) with 22/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $130.3M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on CDXS Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is CDXS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Codexis Inc. (NASDAQ: CDXS) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 22/100 at a spot price of $1.05 (-12.18% 1D, market cap $130.3M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 3/20. Across 270 tracked Materials issuers, CDXS ranks #260 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does CDXS compare to ACNT and LODE in the Materials sector?

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Within the Materials sector (Major Chemicals), CDXS carries a Roarable E (22/100 RQD), trailing P/E of N/A, gross margin of 86.7%, and ROIC of -35.0%. By comparison, ACNT (Ascent Industries Co.) holds a E grade (32/100 RQD, P/E 143.4x, ROIC -18.9%, cap $123.9M) and LODE (Comstock Inc.) posts a E grade (21/100 RQD, P/E N/A, ROIC -33.3%, cap $107.2M). Among the 5-stock peer group, ACNT leads on earnings multiple (143.4x) while LTBR leads on capital efficiency (-9.1% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for CDXS?

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Per CDXS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001200375), Codexis Inc. generated $70.4M in revenue (+18.6% YoY), -$44.0M in net income, and -$23.8M in free cash flow against $147.8M in total assets and $40.1M in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $1.03 (-2.38%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 5/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (22/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-11.4% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-16.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for CDXS)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (22/100 Composite)

🔍 WHY CDXS SCORES 22/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+8/20 pts (36% of score)

Altman Z-Score 0.20 (DISTRESS RISK (<1.8)) • Piotroski F-Score 6/9

▲ #2 Bullish Driver: Cash Engine Quality+5/20 pts (23% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 86.7% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$1.32-6.8% Next Q

Q2 (-2Q)

Grade E$1.23+4.1% Next Q

Q3 (-1Q)

Grade E$1.28-18% Next Q

Current

Grade E$1.05-11.4% Hist 90D α

Trajectory: E (30) → E (22)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a CDXS Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While CDXS currently carries a cautious 22/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Materials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.38) and Max Pain ($1.10) forces dealer call-delta covering toward $3.13.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $CDXS• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “CDXS Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 22%NO 78%Trade / Inspect Odds →

SEC FORM 4 × 13F HEDGE FUNDS × CONGRESSIONAL STOCK ACT

CDXS Smart-Money Thermometer: NET EXECUTIVE TRIMMING / PROFIT-TAKING

Explore All 13F & Congress Whales →

▲ Disclosed Buys: 0 ($0)▼ Disclosed Sales: 0 ($0)

Wide-Open SEC Form 4, 13F & Congressional Disclosure Ledger (CDXS)

No recent open-market Form 4 cluster sales or emergency dumps flagged on CDXS. Visit the Global 13F & Congressional Whale Ledger for cross-market smart-money filings.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring CDXS)

✓Walkthrough of CDXS's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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CDXS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -58.17%▼ SUPPORT BREAKDOWN

2026-11-03O $1.22H $1.22L $1.05C $1.05VOL 789.5K

RES: $1.25SUP: $1.16SMA50: $1.38SMA200: $1.81

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

CDXS Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 CDXS Butterfly Map → + Track CDXS →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. +18.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on CDXS today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for CDXS. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for CDXS today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (CDXS)

Materials Rank #260 of 270 ⚔️ ACNT vs CDXS Full Matrix →

1. Head-to-Head Materials Peer Comparison (CDXS vs. ACNT, LODE, AMTX, LTBR)

Industry: Major Chemicals (67 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, Codexis Inc. (CDXS) ranks #260 by composite RQD confidence (22/100, grade E) and #222 by equity capitalization ($130.3M). Within this direct 5-issuer industry benchmark cohort, ACNT leads on earnings valuation at 143.4x trailing P/E, while LTBR leads on capital efficiency and profitability with -9.1% ROIC and — gross margin. ACNT currently holds the highest overall quantitative score in the immediate peer group at 32/100 (E) compared with CDXS at 22/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
CDXS ACTIVE Codexis Inc.	E	22/100	—	86.7%	-35.0%	-12.18%	$130.3M	Benchmark Subject
ACNT Ascent Industries Co.	E	32/100	143.4x	23.0%	-18.9%	-0.22%	$123.9M	/acnt-vs-cdxs →
LODE Comstock Inc.	E	21/100	—	-30.0%	-33.3%	+2.13%	$107.2M	/lode-vs-cdxs →
AMTX Aemetis Inc.	E	28/100	—	-0.4%	-35.0%	-8.00%	$90.2M	/amtx-vs-cdxs →
LTBR Lightbridge Corporation	E	28/100	—	—	-9.1%	-8.46%	$190.3M	/ltbr-vs-cdxs →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001200375 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Codexis Inc. (CDXS) reported GAAP revenue of $70.4M (+18.6% vs. FY2024 revenue of $59.3M , and +0.3% cumulative change since FY2023) , GAAP net income of -$44.0M, operating cash flow of -$19.4M, and free cash flow of -$23.8M (+55.6% YoY). On the balance sheet, CDXS closed FY2025 with $147.8M in total assets against $40.1M in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$70.4M	-$44.0M	-$19.4M	-$23.8M	$147.8M	$40.1M
FY2024 (FY)	2024-12-31	$59.3M	-$65.3M	-$49.4M	-$53.7M	$149.0M	$28.9M
FY2023 (FY)	2023-12-31	$70.1M	-$76.2M	-$52.6M	-$52.6M	—	—

3. CDXS Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is CDXS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does CDXS compare to ACNT and LODE in the Materials sector?

What are the biggest fundamental strengths and SEC risk factors for CDXS?

Where is CDXS trading relative to its 50-day, 200-day, and 52-week technical levels?

CDXS last traded at $1.05 (-12.18% on volume of 1,133,468 shares), positioning the stock -23.91% below its 50-day simple moving average ($1.38) and -41.99% below its 200-day simple moving average ($1.81). Across its 52-week range of $0.96 to $2.98, CDXS sits at the 4.5% percentile with a 14-day RSI of 38.7 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.00 to $1.18).

Direct Sub-Reports: CDXS RQD Cockpit CDXS 12M Forecast CDXS Earnings & Move CDXS Dividends & DRIP CDXS Insiders & 13F CDXS Whale Options CDXS Profit Sankey CDXS News & Why

ROARABLE RATING BRIEF • RQD 22/100 (E) ✓ SEC XBRL & RQD VERIFIED

CDXS — Codexis Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Codexis Inc. (CDXS) earns a live Roarable RQD composite score of 22/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $1.05 (-12.18% 1D, market capitalization $130.3M).

Fundamental Cash Engine (5/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of 86.7%, operating margin of -59.3%, and free cash flow yield of -17.85%.
Whale 13F & Options Flow (3/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (3/20) + Forensic Balance Sheet (8/20): Incorporates a 1.00x equity beta, Altman Z-Score of 0.20, Piotroski F-Score of 6/9, and Debt/Equity of 0.79x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Codexis Inc. Is a NASDAQ-listed issuer classified in the Materials sector and Major Chemicals industry. The profile identifies the company as a Materials-sector issuer with a market capitalization of $0.1B. Reported gross margin of 86.7% and operating margin of -59.3% per the market data section indicate a high-gross-margin cost structure with substantial operating expenses.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Codexis Inc. (CDXS) reported $70.4M in annual revenue (up from $59.3M in FY2024, +18.6% YoY) and -$44.0M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($70.1M revenue, -$76.2M net income) through FY2025, CDXS scaled operating cash flow to -$19.4M and free cash flow to -$23.8M, backed by $147.8M in total assets against $40.1M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (E • RQD 22/100): Established market leader in Materials with deep daily trading liquidity. Free cash flow yield of -17.85% and institutional whale pillar of 3/20. With Fundamental Cash Engine at 5/20 and Institutional Whale Flow at 3/20, sustained execution supports upside toward the upper end of the $0.96 – $2.98 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -59.3% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The supply chain is NONE, with no upstream or downstream links and no proprietary signals recorded. The sector and industry are listed as Materials and Major Chemicals, but the source data contains no named suppliers, customers, or correlated issuers. Second-order ripple analysis therefore cannot be grounded in the provided sources. The clearest near-term 2nd-order item is the lock-up expiry on 22-OCT-2026, which could add supply to the float; its scale relative to total shares outstanding is — Given a Beta of 1.0 and a sector-sensitivity note in the RQD Macro Regime pillar, broader sector moves are a plausible channel, but the source does not quantify it.

Key Question #1: Can CDXS sustain or expand its -59.3% operating margin and -35.0% ROIC against Major Chemicals peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $70.4M and free cash flow of -$23.8M, how will capital allocation balance growth reinvestment against $40.1M in total debt?
Key Question #3: How sensitive is CDXS's equity valuation to Materials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

CDXS Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Codexis Inc. (CDXS) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to CDXS Debate Forum (3) ↓

🟡 MARKET WIRE Simply Wall St • 22h ago

Codexis (NasdaqGS:CDXS) Stock Forecast & Analyst Predictions

Simply Wall St report covering Codexis Inc. (CDXS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE marketscreener.com • 1d ago

Certain Restricted Stock Units of Codexis, Inc. are subject to a Lock-Up Agreement Ending on 22-OCT-2026.

marketscreener.com report covering Codexis Inc. (CDXS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

Two firms report shared control of 10.8 million Codexis (CDXS) shares held for clients.

Stock Titan report covering Codexis Inc. (CDXS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Investing.com India • 1d ago

Codexis CFO Georgia Erbez sells $8,619 of common stock By Investing.com

Investing.com India report covering Codexis Inc. (CDXS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE https://www.siam.in/ • 1d ago

Codexis (CDXS) Slips 2.29% to $1.28 as Shares Hover Near Lower Support - Retail Volume

https://www.siam.in/ report covering Codexis Inc. (CDXS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST https://www.dars.gov.et/ • 1d ago

CDXS Q2 2026 Earnings: Narrower-Than-Expected Loss as Codexis Tops EPS Estimate - Buyback Announcement Report

https://www.dars.gov.et/ report covering Codexis Inc. (CDXS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST https://www.siam.in/ • 1d ago

Codexis (CDXS) Holds Near $1.30 as Modest Gain Tests Resistance - Wave Truncation

https://www.siam.in/ report covering Codexis Inc. (CDXS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH https://www.dars.gov.et/ • 1d ago

CDXS Q2 2026 Earnings: Narrower-Than-Expected Loss Per Share Fails to Lift the Stock - Profit Guidance Range

https://www.dars.gov.et/ report covering Codexis Inc. (CDXS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

CDXS Bull vs. Bear Conversation Board — What's Your Call at $1.05?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON CDXS 🐻 33% BEARISH CONVICTION

SI SiliconVal_Bull RQD DEBATE OPENER • Growth & Tech Investor 🐂 BULLISH 🎯 Target: $1.54 (+29.4%)

📌 Pinned Debate

FY 2025 cash of $50.8M exceeds reported debt of $40.1M, and revenue grew from $59.3M to $70.4M while the net loss narrowed from -$65.3M

The street is overcomplicating Codexis Inc. (CDXS). FY 2025 cash of $50.8M exceeds reported debt of $40.1M, and revenue grew from $59.3M to $70.4M while the net loss narrowed from -$65.3M to -$44.0M.. With an RQD score of 22/100 (E) and Forensic Balance Sheet at 8/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $1.29.

ArenaChamp_24 🐂 BULL

@ShortSeller_Dan Fair point on current EV/EBITDA multiples, but you're ignoring the forward operating leverage in Major Chemicals. If gross margin (86.7%) holds, EPS grows into the multiple faster than bears think.

SH ShortSeller_Dan RQD DEBATE OPENER • Forensic Short Bias 🐻 BEARISH 🎯 Target: $1.01 (-15.1%)

Spot @ $1.19

Altman Z-Score of 0.2, ROIC of -35%, and FCF yield of -17.85% show the company is burning cash with distress-level balance-sheet signal

Sitting on the sidelines or leaning short CDXS above $1.19. Altman Z-Score of 0.2, ROIC of -35%, and FCF yield of -17.85% show the company is burning cash with distress-level balance-sheet signals.. Until Fundamental Cash Engine (5/20) and FCF yield (-17.85%) inflect higher, upside is capped near $2.98.