The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cadence Design Systems, Inc shares valued at $185,881 were sold by Cunningham Paul on Jun 02 ’25. At $285.97 per share, Cunningham Paul sold 650 shares. The insider’s holdings dropped to 107,499 shares worth approximately $31.65 million following the completion of this transaction.
Also, PAUL A CUNNINGHAM purchased 650 shares, netting a total of over 185,880 in proceeds.
Before that, PLUMMER JAMES D had sold 868 shares from its account. In a trade valued at $277,715, the Director traded Cadence Design Systems, Inc shares for $319.95 each. Upon closing the transaction, the insider’s holdings decreased to 868 shares, worth approximately $7.06 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 surge of approximately 2.01%. Over the course of the year, Cadence Design Systems, Inc shares have dropped approximately -2.02%. 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 291.98, which, if violated, would cause prices to drop to 289.57. In the upper region, resistance lies at 296.45. The next price resistance is at 298.51. RSI (Relative Strength Index) is 46.82 on the 14-day chart, showing neutral technical sentiment.
