Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bentley Systems Inc shares valued at $2,471,815 were sold by Bentley Barry J. on Oct 21 ’24. At $49.44 per share, Bentley Barry J. sold 50,000 shares. The insider’s holdings dropped to 12,098,235 shares worth approximately $589.55 million following the completion of this transaction.
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Also, Bentley Barry J. sold 50,000 shares, netting a total of over 2,545,770 in proceeds. Following the sale of shares at $50.92 each, the insider now holds 12,148,235 shares.
Before that, Bentley Barry J. had sold 34,987 shares from its account. In a trade valued at $1,692,276, the Director traded Bentley Systems Inc shares for $48.37 each. Upon closing the transaction, the insider’s holdings decreased to 34,987 shares, worth approximately $595.15 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 drop of approximately -2.64%. Over the course of the year, Bentley Systems Inc shares have dropped approximately -6.61%. Shares of the company reached a 52-week high of $57.19 on 05/21/24 and a 52-week low of $43.82 on 08/05/24. A 50-day SMA is recorded $49.74, while a 200-day SMA reached $50.48. Nevertheless, trading volume fell to 0.57 million shares from 0.72 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 48.32, which, if violated, would cause prices to drop to 47.92. In the upper region, resistance lies at 49.42. The next price resistance is at 50.12. RSI (Relative Strength Index) is 43.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 72.21%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
