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 $277,715 were sold by PLUMMER JAMES D on May 16 ’25. At $319.95 per share, PLUMMER JAMES D sold 868 shares. The insider’s holdings dropped to 23,996 shares worth approximately $7.62 million following the completion of this transaction.
Also, PLUMMER FAMILY TRUST purchased 868 shares, netting a total of over 277,716 in proceeds.
Before that, DEVGAN ANIRUDH had sold 10,737 shares from its account. In a trade valued at $3,328,470, the President and CEO traded Cadence Design Systems, Inc shares for $310.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,737 shares, worth approximately $66.54 million.
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 drop of approximately -0.58%. Over the course of the year, Cadence Design Systems, Inc shares have jumped approximately 5.69%. 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.
Support And Resistance Levels for Cadence Design Systems, Inc (CDNS)
According to the 24-hour chart, there is a support level at 315.03, which, if violated, would cause prices to drop to 312.50. In the upper region, resistance lies at 321.36. The next price resistance is at 325.16. RSI (Relative Strength Index) is 66.99 on the 14-day chart, showing neutral technical sentiment.
