The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bentley Systems Inc shares valued at $3,246,812 were sold by Bentley Keith A. on Jan 02 ’25. At $46.67 per share, Bentley Keith A. sold 69,573 shares. The insider’s holdings dropped to 16,705,028 shares worth approximately $777.79 million following the completion of this transaction.
Also, Bentley Keith A. purchased 70,725 shares, netting a total of over 3,332,562 in proceeds.
Before that, Bentley Barry J. had sold 50,000 shares from its account. In a trade valued at $2,410,930, the Director traded Bentley Systems Inc shares for $48.22 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $556.31 million.
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 surge of approximately 0.13%. Over the course of the year, Bentley Systems Inc shares have dropped approximately -0.30%. Shares of the company reached a 52-week high of $47.81 on 01/06/25 and a 52-week low of $44.85 on 01/13/25. A 50-day SMA is recorded $47.80, while a 200-day SMA reached $49.73. Nevertheless, trading volume fell to 1.63 million shares from 1.49 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 46.02, which, if violated, would cause prices to drop to 45.49. In the upper region, resistance lies at 46.89. The next price resistance is at 47.23. RSI (Relative Strength Index) is 47.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 42.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
