Bentley Systems Inc’s filing revealed that its Director Bentley Keith A. unloaded Company’s shares for reported $4.4 million on Mar 07 ’24. In the deal valued at $49.48 per share,88,925 shares were sold. As a result of this transaction, Bentley Keith A. now holds 17,164,179 shares worth roughly $816.16 million.
Then, Bentley Keith A. sold 200,437 shares, generating $9,989,829 in total proceeds. Upon selling the shares at $49.84, the Director now owns 17,253,104 shares.
Before that, Bentley Keith A. sold 105,020 shares. Bentley Systems Inc shares valued at $5,122,252 were divested by the Director at a price of $48.77 per share. As a result of the transaction, Bentley Keith A. now holds 17,453,541 shares, worth roughly $829.92 million.
William Blair initiated its Bentley Systems Inc [BSY] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “a Buy”. Wolfe Research also remained covering BSY and has decreased its forecast on August 09, 2023 with a “Peer perform” recommendation from previously “an Outperform” rating. Piper Sandler started covering the stock on June 14, 2023. It rated BSY as “an Overweight”.
Price Performance Review of BSY
On Monday, Bentley Systems Inc [NASDAQ:BSY] saw its stock fall -1.29% to $47.55. Over the last five days, the stock has lost -5.67%. Bentley Systems Inc shares have fallen nearly -8.87% since the year began. Nevertheless, the stocks have risen 11.67% over the past one year. While a 52-week high of $55.37 was reached on 02/16/24, a 52-week low of $40.89 was recorded on 01/05/24. SMA at 50 days reached $50.58, while 200 days put it at $50.64. A total of 0.97 million shares were traded, compared to the trading of 1.56 million shares in the previous session.
Levels Of Support And Resistance For BSY Stock
The 24-hour chart illustrates a support level at 47.08, which if violated will result in even more drops to 46.61. On the upside, there is a resistance level at 48.38. A further resistance level may holdings at 49.21. The Relative Strength Index (RSI) on the 14-day chart is 36.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.78%. Stochastics %K at 13.90% indicates the stock is a buying.
