Griffin Securities raised the price target for the Bentley Systems Incorporated (NASDAQ:BSY) stock to “a Neutral”. The rating was released on July 16, 2021. The research report from KeyBanc Capital Markets has upgraded the stock from Sector Weight to Overweight, with a price target set at $52. The stock was initiated by Robert W. Baird, who disclosed in a research note on October 19, 2020, to Outperform and set the price objective to $43. In their research brief published October 19, 2020, RBC Capital Mkts analysts initiated the Bentley Systems Incorporated stock to Sector Perform with a price target of $43.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Bentley Systems Incorporated (NASDAQ:BSY) dipped -2.30% to close Thursday’s market session at $63.25, lower as compared to yesterday’s close. The stock price fluctuated between $62.06 and $68.4471 throughout the trading session with the volume trading being 3896440 shares, which represented a significant variation when compared to the three months average volume of 1.73 million shares. The firm’s stock price fluctuated -0.85% within the last five trades and 5.38% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 42.58% in the last 6 months and 9.96% was added to its value over the previous 3 months. BSY stock is trading at a margin of 0.42%, 0.69% and 26.20% 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 -5.60 percent below its 52-week high and 134.26 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 72.45. 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 17.00 percent and the profit margin is 18.40 percent, and the company has reported a gross margin of 77.40 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 $17.68 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 124.51. 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 81.19. 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 20.38 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 40.81, 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, 32.20 percent of Bentley Systems Incorporated shares are owned by insiders, and 32.50 percent are held by financial institutions. Hollister David J., the See Remarks at Bentley Systems Incorporated (BSY) has sold 20,447 shares of firm on Aug 16 at a price of $62.94 against the total amount of $1.29 million. In another inside trade, Bentley Keith A., Chief Technology Officer of Bentley Systems Incorporated (NASDAQ:BSY) sold 80,530 shares of the firm on Aug 04 for a total worth of $4.95 million at a price of $61.48. An inside trade which took place on Aug 03, Executive Vice President of Bentley Systems Incorporated Bentley Raymond B. sold 4,937 shares of firm against total price of $0.3 million at the cost of $61.18 per share.