Bentley Systems Inc’s filing revealed that its Director Bentley Keith A. unloaded Company’s shares for reported $3.25 million on Jan 02 ’25. In the deal valued at $46.67 per share,69,573 shares were sold. As a result of this transaction, Bentley Keith A. now holds 16,705,028 shares worth roughly $776.78 million.
Then, Bentley Keith A. bought 70,725 shares, generating $3,332,562 in total proceeds.
Before that, Bentley Barry J. sold 50,000 shares. Bentley Systems Inc shares valued at $2,410,930 were divested by the Director at a price of $48.22 per share. As a result of the transaction, Bentley Barry J. now holds 11,948,235 shares, worth roughly $555.59 million.
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 2.51% to $46.50. Over the last five days, the stock has lost -0.79%. Bentley Systems Inc shares have fallen nearly -0.43% since the year began. Nevertheless, the stocks have fallen -4.42% over the past one year. While a 52-week high of $57.19 was reached on 01/06/25, a 52-week low of $43.82 was recorded on 01/13/25. SMA at 50 days reached $48.09, while 200 days put it at $49.83.
Levels Of Support And Resistance For BSY Stock
The 24-hour chart illustrates a support level at 45.79, which if violated will result in even more drops to 45.08. On the upside, there is a resistance level at 46.87. A further resistance level may holdings at 47.24. The Relative Strength Index (RSI) on the 14-day chart is 44.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.40%. Stochastics %K at 24.09% 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 2024-12-31, growing by 0.24 million shares to a total of 5.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.73 million shares. There was a rise of 4.04%, which implies that there is a positive 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.
