BSY - Director Of Bentley Systems Purchased $72K In Stock | Benzinga
A significant insider buy by Keith Bentley, Director at Bentley Systems (NASDAQ:BSY), was executed on January 25, and reported in the recent SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Bentley purchased 1,430 shares of Bentley Systems, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $72,658.
The latest market snapshot at Friday morning reveals Bentley Systems shares up by 0.1%, trading at $50.1.
About Bentley Systems
Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. As of fiscal 2022, approximately 58% of revenue is derived from outside the U.S. (with 28% of revenue coming from EMEA and 18% coming from APAC as of fiscal 2022). Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.