Cadence Design Systems, Inc’s recent filing unveils that its Sr. Vice President Cunningham Paul unloaded Company’s shares for reported $0.16 million on Apr 01 ’25. In the deal valued at $252.64 per share,650 shares were sold. As a result of this transaction, Cunningham Paul now holds 108,799 shares worth roughly $28.31 million.
Then, PAUL A CUNNINGHAM bought 650 shares, generating $164,216 in total proceeds.
Before that, Nisewaner Karna sold 1,850 shares. Cadence Design Systems, Inc shares valued at $455,562 were divested by the SVP & General Counsel at a price of $246.25 per share. As a result of the transaction, Nisewaner Karna now holds 13,514 shares, worth roughly $3.52 million.
Redburn Atlantic initiated its Cadence Design Systems, Inc [CDNS] rating to a Buy in a research note published on January 13, 2025; the price target was $350. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Loop Capital began covering CDNS with “Buy” recommendation on November 12, 2024. Mizuho started covering the stock on October 22, 2024. It rated CDNS as “an Outperform”.
Price Performance Review of CDNS
On Thursday, Cadence Design Systems, Inc [NASDAQ:CDNS] saw its stock jump 0.37% to $260.22. Over the last five days, the stock has gained 2.44%. Cadence Design Systems, Inc shares have fallen nearly -13.39% since the year began. Nevertheless, the stocks have fallen -13.49% over the past one year. While a 52-week high of $328.99 was reached on 01/24/25, a 52-week low of $221.56 was recorded on 04/07/25. SMA at 50 days reached $260.42, while 200 days put it at $279.83.
Levels Of Support And Resistance For CDNS Stock
The 24-hour chart illustrates a support level at 257.68, which if violated will result in even more drops to 255.14. On the upside, there is a resistance level at 262.96. A further resistance level may holdings at 265.70. The Relative Strength Index (RSI) on the 14-day chart is 52.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.26%. Stochastics %K at 88.05% indicates the stock is a selling.
How much short interest is there in Cadence Design Systems, Inc?
A steep rise in short interest was recorded in Cadence Design Systems, Inc stocks on 2025-03-31, growing by 0.89 million shares to a total of 5.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 4.24 million shares. There was a rise of 17.43%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 15, 2024 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $320 price target.
