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 $54,720 were sold by Brennan Ita M on Jun 10 ’25. At $304.00 per share, Brennan Ita M sold 180 shares. The insider’s holdings dropped to 8,010 shares worth approximately $2.46 million following the completion of this transaction.
Also, Cunningham Paul sold 650 shares, netting a total of over 185,881 in proceeds. Following the sale of shares at $285.97 each, the insider now holds 107,499 shares.
Before that, PAUL A CUNNINGHAM had added 650 shares to its account. In a trade valued at $185,880, the Officer bought Cadence Design Systems, Inc shares for $285.97 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 4.35%. Over the course of the year, Cadence Design Systems, Inc shares have jumped approximately 2.24%. 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 303.30, which, if violated, would cause prices to drop to 299.41. In the upper region, resistance lies at 310.24. The next price resistance is at 313.29. RSI (Relative Strength Index) is 56.73 on the 14-day chart, showing neutral technical sentiment.
