Bentley Systems Inc’s recently made public that its Director Bentley Barry J. unloaded Company’s shares for reported $2.47 million on Oct 21 ’24. In the deal valued at $49.44 per share,50,000 shares were sold. As a result of this transaction, Bentley Barry J. now holds 12,098,235 shares worth roughly $591.12 million.
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Then, Bentley Barry J. sold 50,000 shares, generating $2,545,770 in total proceeds. Upon selling the shares at $50.92, the Director now owns 12,148,235 shares.
Before that, Bentley Barry J. sold 34,987 shares. Bentley Systems Inc shares valued at $1,692,276 were divested by the Director at a price of $48.37 per share. As a result of the transaction, Bentley Barry J. now holds 12,213,248 shares, worth roughly $596.74 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 -0.59% to $48.86. Over the last five days, the stock has lost -1.35%. Bentley Systems Inc shares have fallen nearly -6.36% since the year began. Nevertheless, the stocks have risen 0.29% over the past one year. While a 52-week high of $57.19 was reached on 05/21/24, a 52-week low of $43.82 was recorded on 08/05/24. SMA at 50 days reached $49.70, while 200 days put it at $50.49.
Levels Of Support And Resistance For BSY Stock
The 24-hour chart illustrates a support level at 48.52, which if violated will result in even more drops to 48.18. On the upside, there is a resistance level at 49.41. A further resistance level may holdings at 49.96. The Relative Strength Index (RSI) on the 14-day chart is 44.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.44%. Stochastics %K at 27.10% indicates the stock is a holding.
How much short interest is there in Bentley Systems Inc?
A steep rise in short interest was recorded in Bentley Systems Inc stocks on 2024-10-15, dropping by -1.45 million shares to a total of 6.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.98 million shares. There was a decline of -22.14%, which implies that there is a negative sentiment for the stock.
