KD Logo

Investing in Bentley Systems Inc (BSY) Is Getting More Attractive

Bentley Systems Inc’s recently made public 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 $579.97 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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.

JP Morgan initiated its Bentley Systems Inc [BSY] rating to a Neutral in a research note published on December 09, 2024; the price target was $52. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late March with a ‘”an Outperform”‘ rating. Rosenblatt also remained covering BSY and has increased its forecast on February 26, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on August 09, 2023. It rated BSY as “a Peer perform” which previously was an “an Outperform”.

Price Performance Review of BSY

On Tuesday, Bentley Systems Inc [NASDAQ:BSY] saw its stock jump 1.06% to $48.54. Over the last five days, the stock has gained 2.41%. Bentley Systems Inc shares have fallen nearly -6.98% since the year began. Nevertheless, the stocks have fallen -3.40% 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 $48.96, while 200 days put it at $50.07.

Levels Of Support And Resistance For BSY Stock

The 24-hour chart illustrates a support level at 47.94, which if violated will result in even more drops to 47.33. On the upside, there is a resistance level at 48.96. A further resistance level may holdings at 49.37. The Relative Strength Index (RSI) on the 14-day chart is 49.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.36%. Stochastics %K at 23.27% 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 2024-11-29, dropping by -0.6 million shares to a total of 5.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.33 million shares. There was a decline of -10.47%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 14, 2023 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.

Most Popular