Bentley Systems (BSY) Soars 6.17% on Strong Q1 Earnings

Bentley Systems (BSY) shares rose 0.04% today, marking the eighth consecutive day of gains, with an increase of 6.17% over the past eight days. The share price reached its highest level since November 2024, with an intraday gain of 0.99%.

The strategy of buying BSY shares after they reach a recent high and holding for one week yielded a 49.27% return, slightly underperforming the benchmark return of 56.94% over the past five years. The strategy had a maximum drawdown of -29.80%, a Sharpe ratio of 0.63, and a volatility of 28.12%.

Bentley Systems reported strong Q1 CY2025 earnings, with a 9.7% year-on-year increase in sales, reaching $370.5 million. This robust financial performance and growth indicate a positive outlook for the company, contributing to investor confidence and stock price appreciation.

The company's Q1 results highlighted accelerating revenue growth, solid subscription momentum, and traction in key growth areas such as E365 and Seequent. These factors likely played a significant role in boosting investor sentiment and driving the stock price higher.

Despite a director selling 628,197 shares, which could typically exert downward pressure on the stock price, the overall positive financial performance and growth prospects appear to have outweighed this negative signal, maintaining investor confidence in the company's future prospects.