Bentley Systems Incorporated (BSY) kicked off at the price of $38.32: Venture capitalists have an exciting new opportunity

Bentley Systems Incorporated (NASDAQ: BSY) on January 24, 2023, started off the session at the price of $38.54, plunging -1.47% from the previous trading day. During the day, the shares moved up to $38.77 and dropped to $38.14 before settling in for the closing price of $38.89. Within the past 52 weeks, BSY’s price has moved between $26.32 and $45.70.

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The company achieved an average annual earnings per share of -29.80%. With a float of $218.67 million, this company’s outstanding shares have now reached $310.12 million.

Let’s determine the extent of company efficiency that accounts for 4626 employees.

Bentley Systems Incorporated (BSY) Breakdown of a Key Holders of the stock

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Bentley Systems Incorporated is 21.80%, while institutional ownership is 36.90%. The most recent insider transaction that took place on Jan 03, was worth 1,288,532. In this transaction Director of this company sold 35,000 shares at a rate of $36.82, taking the stock ownership to the 502,204 shares. Before that another transaction happened on Dec 13, when Company’s Director sold 3,000 for $40.21, making the entire transaction worth $120,627. This insider now owns 21,544 shares in total.

Bentley Systems Incorporated (BSY) Recent Fiscal highlights

As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported $0.22 earnings per share (EPS) for the period topping the consensus outlook (set at $0.17) by $0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -29.80% per share during the next fiscal year.

Bentley Systems Incorporated (NASDAQ: BSY) Trading Performance Indicators

Bentley Systems Incorporated (BSY) is currently performing well based on its current performance indicators. A quick ratio of 0.60 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.88. Likewise, its price to free cash flow for the trailing twelve months is 40.35.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.60, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 0.89 in one year’s time.

Technical Analysis of Bentley Systems Incorporated (BSY)

Looking closely at Bentley Systems Incorporated (NASDAQ: BSY), its last 5-days average volume was 0.55 million, which is a drop from its year-to-date volume of 0.7 million. As of the previous 9 days, the stock’s Stochastic %D was 83.72%. Additionally, its Average True Range was 1.18.

During the past 100 days, Bentley Systems Incorporated’s (BSY) raw stochastic average was set at 74.81%, which indicates a significant decrease from 88.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.70% in the past 14 days, which was lower than the 40.82% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $38.03, while its 200-day Moving Average is $36.42. However, in the short run, Bentley Systems Incorporated’s stock first resistance to watch stands at $38.68. Second resistance stands at $39.04. The third major resistance level sits at $39.31. If the price goes on to break the first support level at $38.05, it is likely to go to the next support level at $37.78. Now, if the price goes above the second support level, the third support stands at $37.42.

Bentley Systems Incorporated (NASDAQ: BSY) Key Stats

Market capitalization of the company is 10.71 billion based on 276,791K outstanding shares. Right now, sales total 965,050 K and income totals 93,180 K. The company made 268,330 K in profit during its latest quarter, and 36,990 K in sales during its previous quarter.


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