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 $2,410,930 were sold by Bentley Barry J. on Nov 11 ’24. At $48.22 per share, Bentley Barry J. sold 50,000 shares. The insider’s holdings dropped to 11,948,235 shares worth approximately $574.59 million following the completion of this transaction.
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Also, Keith A Bentley 2012 Gift Trus purchased 310,000 shares, netting a total of over 15,242,700 in proceeds.
Before that, Keith A Bentley 2007 Gift Trus had added 112,738 shares to its account. In a trade valued at $5,543,327, the Director bought Bentley Systems Inc shares for $49.17 each.
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 -5.87%. Over the course of the year, Bentley Systems Inc shares have dropped approximately -7.84%. 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 $49.43, while a 200-day SMA reached $50.42. Nevertheless, trading volume fell to 1.04 million shares from 1.16 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 47.49, which, if violated, would cause prices to drop to 46.89. In the upper region, resistance lies at 48.78. The next price resistance is at 49.48. RSI (Relative Strength Index) is 43.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 88.46%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
