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Ballard Brock, the Chief Revenue Officer of Bentley Systems Inc . (NASDAQ:BSY), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Brock sold a total of 7,684 shares of Class B Common Stock on March 3, 2025. The sales were executed at prices ranging from $42.56 to $44.5999, resulting in a total transaction value of approximately $332,421. The transaction comes as the $13.7 billion software company trades near its 52-week low of $41.96, though InvestingPro analysis suggests the stock is currently fairly valued.
The sales were made under a Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a set time, providing a measure of protection against accusations of insider trading. Following these transactions, Brock retains ownership of 65,642 shares in Bentley Systems. The company maintains impressive gross profit margins of 81%, though InvestingPro data shows 8 analysts have recently revised their earnings expectations downward for the upcoming period.
Investors often scrutinize such transactions by company executives as potential indicators of their confidence in the company’s future performance. However, it’s important to note that stock sales can occur for a wide variety of personal or financial reasons that may not necessarily reflect an executive’s outlook on the company. For a comprehensive analysis of BSY’s valuation metrics and future prospects, investors can access detailed Pro Research Reports available on InvestingPro, which covers over 1,400 US stocks with expert insights and actionable intelligence.
In other recent news, Bentley Systems reported its Q4 2024 earnings, revealing an earnings per share (EPS) of $0.21, which fell short of the forecasted $0.22. The company’s revenue also missed expectations, recording $349.8 million against a forecast of $351.35 million. Despite these misses, Bentley Systems experienced a 13% year-over-year revenue growth, largely driven by its subscription services, which grew by 16%. Goldman Sachs recently downgraded Bentley Systems’ stock from Neutral to Sell, adjusting the price target from $51.00 to $42.00, following the company’s fourth-quarter results and future guidance. Similarly, Oppenheimer downgraded the stock to Perform from Outperform, removing a previous price target of $56. Analysts cited challenges in identifying catalysts that could propel Bentley Systems’ shares forward in the competitive AI market. The company remains optimistic about its 2025 revenue projections, estimating total revenues between $1.461 billion and $1.490 billion, with subscription revenue growth expected to range from 10.5% to 12.5%. However, challenges in the Chinese market continue to affect Bentley Systems’ overall performance.
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