Bentley Systems Inc (NASDAQ: BSY) is -6.29% lower on its value in year-to-date trading and has touched a low of $40.89 and a high of $55.37 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BSY stock was last observed hovering at around $47.55 in the last trading session, with the day’s gains setting it 1.35%.
Currently trading at $48.90, the stock is -2.63% and -3.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 2.84% at the moment leaves the stock -3.43% off its SMA200. BSY registered 15.06% gain for a year compared to 6-month loss of -6.64%.
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The stock witnessed a 0.23% gain in the last 1 month and extending the period to 3 months gives it a 0.49%, and is -3.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 2.55% over the month.
Bentley Systems Inc (BSY) has around 5200 employees, a market worth around $14.54B and $1.23B in sales. Current P/E ratio is 48.79 and Fwd P/E is 42.92. Profit margin for the company is 26.60%. Distance from 52-week low is 19.59% and -11.69% from its 52-week high. The company has generated returns on investments over the last 12 months (13.43%).
Bentley Systems Inc quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $340.62M over the same period.The EPS is expected to grow by 6.11% this year, but quarterly earnings will post 11.10% year-over-year. Quarterly sales are estimated to grow 14.10% in year-over-year returns.
Bentley Systems Inc (BSY) Top Institutional Holders
The shares outstanding are 284.73M, and float is at 123.92M with Short Float at 7.13%.
Bentley Systems Inc (BSY) Insider Activity
The most recent transaction is an insider sale by Bentley Keith A.,the company’sDirector. SEC filings show that Bentley Keith A. sold 88,925 shares of the company’s common stock on Mar 07 ’24 at a price of $49.48 per share for a total of $4.4 million. Following the sale, the insider now owns 17.16 million shares.
Bentley Systems Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Bentley Keith A. (Director) sold a total of 200,437 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $49.84 per share for $9.99 million. Following the transaction, the insider now directly holds 17.25 million shares of the BSY stock.
Still, SEC filings show that on Mar 05 ’24, Bentley Keith A. (Director) disposed off 105,020 shares at an average price of $48.77 for $5.12 million. The insider now directly holds 17,453,541 shares of Bentley Systems Inc (BSY).
