Bentley Systems Inc’s recent filing unveils that its Director Bentley Barry J. unloaded Company’s shares for reported $2.41 million on Nov 11 ’24. In the deal valued at $48.22 per share,50,000 shares were sold. As a result of this transaction, Bentley Barry J. now holds 11,948,235 shares worth roughly $561.33 million.
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Then, Keith A Bentley 2012 Gift Trus bought 310,000 shares, generating $15,242,700 in total proceeds.
Before that, Keith A Bentley 2007 Gift Trus bought 112,738 shares. Bentley Systems Inc shares valued at $5,543,327 were divested by the Director at a price of $49.17 per share.
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 jump 0.84% to $46.98. Over the last five days, the stock has lost -3.53%. Bentley Systems Inc shares have fallen nearly -9.97% since the year began. Nevertheless, the stocks have fallen -11.51% 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 $49.41, while 200 days put it at $50.37.
Levels Of Support And Resistance For BSY Stock
The 24-hour chart illustrates a support level at 46.62, which if violated will result in even more drops to 46.26. On the upside, there is a resistance level at 47.25. A further resistance level may holdings at 47.53. The Relative Strength Index (RSI) on the 14-day chart is 39.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.21%. Stochastics %K at 7.33% indicates the stock is a buying.
How much short interest is there in Bentley Systems Inc?
A steep rise in short interest was recorded in Bentley Systems Inc stocks on 2024-10-31, dropping by -0.82 million shares to a total of 6.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.15 million shares. There was a decline of -12.95%, which implies that there is a negative sentiment for the stock.
