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 $3,332,562 were purchased by Bentley Keith A. on Jan 02 ’25. At $47.12 per share, Bentley Keith A. acquired 70,725 shares.
Also, Bentley Barry J. sold 50,000 shares, netting a total of over 2,410,930 in proceeds. Following the sale of shares at $48.22 each, the insider now holds 11,948,235 shares.
Before that, Keith A Bentley 2012 Gift Trus had added 310,000 shares to its account. In a trade valued at $15,242,700, the Director bought Bentley Systems Inc shares for $49.17 each.
As published in their initiating research note from JP Morgan on December 09, 2024, Bentley Systems Inc [BSY] has been a Neutral and the price target has been revised to $52. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late March. As of February 26, 2024, Rosenblatt has increased its “Neutral” rating to a “Buy” for BSY. Earlier on August 09, 2023, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for BSY stock which previously was a “an Outperform”.
Analyzing BSY Stock Performance
During the last five days, there has been a drop of approximately -3.15%. Over the course of the year, Bentley Systems Inc shares have dropped approximately -0.43%. Shares of the company reached a 52-week high of $47.35 on 01/02/25 and a 52-week low of $46.27 on 01/02/25. A 50-day SMA is recorded $48.49, while a 200-day SMA reached $50.00. Nevertheless, trading volume fell to 0.9 million shares from 0.65 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 46.06, which, if violated, would cause prices to drop to 45.63. In the upper region, resistance lies at 47.14. The next price resistance is at 47.78. RSI (Relative Strength Index) is 39.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 91.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
