In a filing, Cadence Design Systems, Inc revealed its Officer PAUL A CUNNINGHAM acquired Company’s shares for reported $0.3 million on Jun 13 ’25. In the deal valued at $302.00 per share,1,000 shares were bought.
Then, Brennan Ita M sold 180 shares, generating $54,720 in total proceeds. Upon selling the shares at $304.00, the Director now owns 8,010 shares.
Before that, Cunningham Paul sold 650 shares. Cadence Design Systems, Inc shares valued at $185,881 were divested by the Sr. Vice President at a price of $285.97 per share. As a result of the transaction, Cunningham Paul now holds 107,499 shares, worth roughly $32.25 million.
JP Morgan upgraded its Cadence Design Systems, Inc [CDNS] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Wells Fargo began covering CDNS with “an Overweight” recommendation on November 22, 2024. Loop Capital started covering the stock on November 12, 2024. It rated CDNS as “a Buy”.
Price Performance Review of CDNS
On Friday, Cadence Design Systems, Inc [NASDAQ:CDNS] saw its stock fall -2.55% to $300.00. Over the last five days, the stock has gained 1.03%. Cadence Design Systems, Inc shares have fallen nearly -0.15% since the year began. Nevertheless, the stocks have fallen -0.28% 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.
Levels Of Support And Resistance For CDNS Stock
The 24-hour chart illustrates a support level at 297.98, which if violated will result in even more drops to 295.96. On the upside, there is a resistance level at 303.66. A further resistance level may holdings at 307.32.
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 2025-05-30, dropping by -1.01 million shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 4.66 million shares. There was a decline of -27.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 22, 2024 when Mizuho began covering the stock and recommended ‘”an Outperform”‘ rating along with a $325 price target.
