Bentley Systems executive sells $44,850 in company stock

In a recent transaction, Michael M. Campbell, the Chief Product Officer of Bentley Systems Inc (NASDAQ:BSY), sold 897 shares of the company's Class B Common Stock. The transaction, which took place on September 17, 2024, was executed at a price of $50.00 per share, amounting to a total value of $44,850.

This sale was conducted under a Rule 10b5-1 trading plan, which Campbell had previously adopted on March 1, 2024. Rule 10b5-1 plans allow company insiders to establish predetermined trading arrangements for selling stocks at a time when they are not in possession of material non-public information, providing a defense against allegations of insider trading.

Following the sale, Campbell remains a significant shareholder in Bentley Systems, retaining 70,053 shares of Class B Common Stock. The transaction indicates a change in Campbell's holdings but does not necessarily signal a shift in the company's prospects or operations.

Investors and followers of Bentley Systems Inc will often monitor the buying and selling activities of insiders as a potential indicator of their confidence in the company's future performance. However, such transactions can be influenced by a variety of factors, including personal financial planning, diversification of assets, and other individual considerations.

The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency on the trades made by the company's insiders. Bentley Systems, headquartered in Exton, Pennsylvania, is a leading provider of software solutions for advancing the design, construction, and operations of infrastructure.



In other recent news, Bentley Systems, a leading infrastructure engineering software company, reported a robust Q2 performance for 2024. The company showcased an 11% annual recurring revenue (ARR) growth and significant increases in recurring subscription revenues. Despite challenges in China and with its Cohesive digital integrated business, Bentley Systems maintained strong profitability and cash flow.

Additionally, Bentley Systems has announced the acquisition of 3D geospatial company Cesium, a move that is expected to enhance Bentley's iTwin platform by integrating Cesium's robust 3D geospatial data capabilities. The acquisition is anticipated to bring growth and value to the developer ecosystem.

The company also announced a third-quarter cash dividend of $0.06 per share for 2024, reflecting its financial health and commitment to shareholders. Bentley Systems anticipates ARR growth driven by E365 renewals, new logos in the SMB segment, and asset analytics deals. These are the recent developments within the company.
InvestingPro Insights


The recent insider transaction involving Michael M. Campbell of Bentley Systems Inc (NASDAQ:BSY) provides an interesting peek into the company's financial health and stock valuation. According to InvestingPro data, Bentley Systems has a market cap of $16.13 billion and is trading at a P/E ratio of 42.92, which is slightly lower than the adjusted P/E ratio for the last twelve months as of Q2 2024 at 42.6. This valuation indicates a company with a robust earnings profile, which can be compelling for investors looking for growth opportunities.

InvestingPro Tips highlight that Bentley Systems boasts an impressive gross profit margin, which stood at 80.36% over the last twelve months as of Q2 2024. This high margin reflects the company's strong ability to control costs and maximize profit from its sales, a positive sign for potential investors. Furthermore, the company is trading at a high revenue valuation multiple, which suggests that the market has high expectations for the company's future revenue growth.

For investors considering Bentley Systems as a potential addition to their portfolio, it's worth noting that while the company's short-term obligations exceed its liquid assets, analysts predict the company will be profitable this year, a sentiment supported by the fact that the company has been profitable over the last twelve months. Interested investors can find a total of 11 InvestingPro Tips for Bentley Systems, offering a deeper analysis on the company's financials and market potential at https://www.investing.com/pro/BSY.

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Source: Investing.com