Goldman raised the price target for the Bentley Systems Incorporated (NASDAQ:BSY) stock to “a Neutral”. The rating was released on May 14, 2021. The research report from Robert W. Baird has initiated the stock to Outperform, with a price target set at $43. The stock was initiated by RBC Capital Mkts, who disclosed in a research note on October 19, 2020, to Sector Perform and set the price objective to $43. In their research brief published October 19, 2020, Mizuho analysts initiated the Bentley Systems Incorporated stock to Buy with a price target of $44.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Bentley Systems Incorporated (NASDAQ:BSY) raised 0.61% to close Friday’s market session at $64.20, higher as compared to yesterday’s close. The stock price fluctuated between $63.28 and $64.92 throughout the trading session with the volume trading being 730551 shares, which represented a significant variation when compared to the three months average volume of 1.87 million shares. The firm’s stock price fluctuated 1.10% within the last five trades and 2.38% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 38.54% in the last 6 months and 31.05% was added to its value over the previous 3 months. BSY stock is trading at a margin of 0.23%, 10.98% and 41.33% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, BSY deals in the Technology domain. The stock is trading -4.18 percent below its 52-week high and 137.78 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 82.61. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Bentley Systems Incorporated’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 19.30 percent and the profit margin is 18.50 percent, and the company has reported a gross margin of 78.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $17.40 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Bentley Systems Incorporated (NASDAQ:BSY) is 123.70. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 89.04. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 20.99 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 54.87, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 24.30 percent of Bentley Systems Incorporated shares are owned by insiders, and 24.70 percent are held by financial institutions. Shaman David R., the Chief Legal Officer at Bentley Systems Incorporated (BSY) has sold 18,887 shares of firm on Jul 07 at a price of $65.83 against the total amount of $1.24 million. In another inside trade, Shaman David R., Chief Legal Officer of Bentley Systems Incorporated (NASDAQ:BSY) sold 61,491 shares of the firm on Jul 06 for a total worth of $4.04 million at a price of $65.66. An inside trade which took place on Jul 01, Chief Legal Officer of Bentley Systems Incorporated Shaman David R. sold 102,223 shares of firm against total price of $6.44 million at the cost of $62.97 per share.