Bentley Systems Inc's CLO Shaman David R. sells 400 shares at $59.25.

Bentley Systems Inc. (BSY) has announced that Shaman David R., Chief Legal Officer, has disposed of 400 shares at a price of $59.25 per share on July 29, 2025.

Bentley Systems Inc. (NASDAQ:BSY) has seen significant insider selling activity with its Chief Legal Officer, Shaman David R., disposing of 400 shares at $59.25 per share on July 29, 2025. This transaction comes amidst a mixed analyst sentiment, with a recent price target raise from Robert W. Baird to $64.00 [1].

The latest insider transaction is notable as it follows a series of other insider sales. In the last quarter, insiders sold a total of 1,201,832 shares of company stock valued at $61,414,000, with Director Keith A. Bentley selling 150,000 shares and CRO Brock Ballard selling 12,363 shares [1]. This recent selling activity could indicate that insiders are taking profits or adjusting their positions in light of the current market conditions and analyst ratings.

Analyst sentiment on BSY remains mixed, with a consensus rating of "Moderate Buy" and a consensus price target of $53.70. While Robert W. Baird has raised its price target to $64.00, other analysts have varied ratings, including a sell rating, three holds, and seven buy ratings [1]. Despite the positive outlook from Baird, the company's stock has seen a mixed performance, trading up $0.46 on Wednesday, July 30, 2025, reaching $58.54 [1].

Bentley Systems reported its quarterly earnings data on May 7, 2025, with earnings per share (EPS) of $0.35, beating the consensus estimate of $0.30 by $0.05. The company's revenue for the quarter was $370.54 million, up 9.7% on a year-over-year basis [1]. However, the company's debt-to-equity ratio of 1.13 and a P/E ratio of 74.08 indicate a relatively high valuation compared to its peers.

Institutional investors have also shown interest in BSY, with 44.16% of the stock currently owned by institutional investors. Some of the largest investors, such as Two Sigma Investments LP, Teacher Retirement System of Texas, and Bright Rock Capital Management LLC, have recently added to their stakes in the company [1].

In conclusion, while Bentley Systems Inc. has seen insider selling activity, the company's recent earnings report and analyst ratings suggest a positive outlook. However, the mixed analyst sentiment and high valuation metrics indicate that investors should approach the stock with caution.

References:
[1] https://www.marketbeat.com/instant-alerts/bentley-systems-nasdaqbsy-price-target-raised-to-6400-at-robert-w-baird-2025-07-30/