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Bentley Systems Inc [BSY] Shares Fall -0.57 % on Thursday

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bentley Systems Inc shares valued at $164,100 were sold by Campbell Michael M on Jun 04 ’24. At $50.00 per share, Campbell Michael M sold 3,282 shares. The insider’s holdings dropped to 85,976 shares worth approximately $4.33 million following the completion of this transaction.

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Also, Campbell Michael M sold 4,151 shares, netting a total of over 206,553 in proceeds. Following the sale of shares at $49.76 each, the insider now holds 89,258 shares.

Before that, Bentley Keith A. had sold 104,610 shares from its account. In a trade valued at $5,790,739, the Director traded Bentley Systems Inc shares for $55.36 each. Upon closing the transaction, the insider’s holdings decreased to 104,610 shares, worth approximately $849.8 million.

As published in their initiating research note from William Blair on March 28, 2024, Bentley Systems Inc [BSY] has been an Outperform. Analysts at Rosenblatt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of August 09, 2023, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for BSY. Earlier on June 14, 2023, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for BSY stock.

Analyzing BSY Stock Performance

During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, Bentley Systems Inc shares have dropped approximately -3.45%. Shares of the company reached a 52-week high of $57.19 on 05/21/24 and a 52-week low of $46.34 on 01/05/24. A 50-day SMA is recorded $52.31, while a 200-day SMA reached $50.94. Nevertheless, trading volume fell to 1.69 million shares from 1.38 million shares the previous day.

Support And Resistance Levels for Bentley Systems Inc (BSY)

According to the 24-hour chart, there is a support level at 49.86, which, if violated, would cause prices to drop to 49.35. In the upper region, resistance lies at 50.79. The next price resistance is at 51.21. RSI (Relative Strength Index) is 39.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.28, which suggests the price will decrease in the coming days. Percent R is at 84.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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