Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cadence Design Systems, Inc shares valued at $97,560 were purchased by Ita Brennan on Apr 24 ’25. At $271.00 per share, Ita Brennan acquired 360 shares.
Also, Cunningham Paul sold 650 shares, netting a total of over 164,216 in proceeds. Following the sale of shares at $252.64 each, the insider now holds 108,799 shares.
Before that, PAUL A CUNNINGHAM had added 650 shares to its account. In a trade valued at $164,216, the Officer bought Cadence Design Systems, Inc shares for $252.64 each.
As published in a research note from JP Morgan on April 24, 2025, Cadence Design Systems, Inc [CDNS] has been rated up from a Neutral to an Overweight and the price target has been revised to $325. Analysts at Redburn Atlantic started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of November 22, 2024, Wells Fargo has initiated its “an Overweight” rating for CDNS. Earlier on November 12, 2024, Loop Capital initiated its rating. Their recommendation was “a Buy” for CDNS stock.
Analyzing CDNS Stock Performance
During the last five days, there has been a surge of approximately 8.69%. Over the course of the year, Cadence Design Systems, Inc shares have dropped approximately -6.22%. Shares of the company reached a 52-week high of $325.03 on 01/24/25 and a 52-week low of $221.56 on 04/07/25. A 50-day SMA is recorded $257.32, while a 200-day SMA reached $278.76.
Support And Resistance Levels for Cadence Design Systems, Inc (CDNS)
According to the 24-hour chart, there is a support level at 273.52, which, if violated, would cause prices to drop to 265.26. In the upper region, resistance lies at 286.52. The next price resistance is at 291.26. RSI (Relative Strength Index) is 62.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.90, which suggests the price will increase in the coming days. Percent R is at 1.99%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
