The SVP & GC of Cadence Design is Exercising Options

By Carrie Williams

Yesterday, the SVP & GC of Cadence Design, James Cowie, exercised options of Cadence Design for $1.5M.

Following James Cowie’s last CDNS Sell transaction on May 26, 2016, the stock climbed by 18.0%.

Based on Cadence Design’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $485 million and quarterly net profit of $81.16 million. In comparison, last year the company earned revenue of $446 million and had a net profit of $64.71 million. The company has a one-year high of $45.64 and a one-year low of $24.15. CDNS’s market cap is $12.05B and the company has a P/E ratio of 46.13.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $46, reflecting a -6.7% downside.

James Cowie’s trades have generated a -24.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include Electronic Design Automation, software, emulation hardware, and two categories of intellectual property, commonly referred to as verification IP, and design IP.