BSY Bentley Systems, Incorporated

bullish track record → $35.00 -0.21 (-0.6%)
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Mkt Cap $11B P/E 41.4 fwd 22.4 52wk $30.83 - $59.25 Earnings 2026-05-07 48d ago
Insider selling: $86,610,263 sold by 15 insiders (30d)
Est. revisions: +0.0% (5 up, 3 down in 30d)
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net +0.5)

Factor Model

net +0.5 1.5 / 10
Est. Revisions
+0.0
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
+0.5
Narrative Gap
+0.0

UBS lifts target on 11.5% ARR growth

Watch: Watch whether ARR growth holds above 10% in upcoming quarters and if net retention stays above 105%. Any dip below those thresholds would challenge the premium valuation embedded in the current multiple.

Bentley Systems reported Q4 results with subscription revenue climbing 13% to $357 million and total revenue up 12% to $392 million. Annualized recurring revenue hit $1.46 billion, up 11.5% on a constant currency basis. Net retention rate came in at 109%, showing existing customers are expanding usage.

The double-digit ARR growth and 109% net retention signal Bentley's infrastructure software is sticking and expanding within its customer base. UBS raised its price target from $40 to $43 but kept a Neutral rating—acknowledging momentum while staying cautious on valuation.

Evidence

9d ago Insider sell by BENTLEY RAYMOND B (BSY): $18,836,978
9d ago Insider sell by BENTLEY RAYMOND B (BSY): $31,479,784
16d ago What Makes Wingstop (WINGS) an Investment Choice? yahoo-finance
18d ago Jim Cramer on Bentley Systems: “I’m Going to Have to Say No” yahoo-finance
49d ago Bentley Systems, Incorporated (BSY) Target Boosted At UBS Amid Strong Annual Recurring Revenue Momentum yahoo-finance
53d ago Bentley Systems, Incorporated Q4 2025 Earnings Call Summary yahoo-finance
53d ago Bentley Systems, Incorporated Q4 2025 Earnings Call Summary yahoo-finance
Fundamentals & Data ▾
Bentley Systems, Incorporated Technology · Software - Application
Mkt Cap
$11B
P/E
41.4 fwd 22.4
Beta
1.16
Div Yield
80.00%
52w Range
$30.83 - $59.25
Short Interest
19.8M 9.58%
Days to Cover
6.8 +5%
Technicals downtrend
from 52w Hi
-0.6%
1w return
+5.3%
Insiders
mixed 0B / 0S
EPS Estimate
$0.36 +0.0% 30d 5up / 3dn
Est. Dispersion
20% 15 analysts
Analyst Target
$47 $42 - $61
Options P/C
0.46
Insider Cluster
strong sell 0B / 7S
Fund Convergence
strong Citadel, Renaissance, D.E. Shaw
Financials
Revenue
$392M +12% YoY
FCF
$136M
Gross Margin
82%
Op Margin
20%
Momentum: accelerating
Top Holders
Citadel $10M
Renaissance $8M
D.E. Shaw $3M
Recent Filings & Data
insider trade 151
net selling · $86,610,263 sold
15 insiders · 151 transactions (30d)
Recent transactions
BENTLEY KEITH ARTHUR · award
CUMINS NICHOLAS · award
BALLARD BROCK · award
TRIMBACK THOMAS F. · award
LEE JAMES K · award
MOUTTE JULIEN · award
BENTLEY GREGORY SMITH · award
BENTLEY RAYMOND B · award
BENTLEY BARRY J · award
GRISWOLD KIRK B. · award
ANDRE WERNER · award
SHAMAN DAVID R. · award
BENTLEY RAYMOND B · other
BENTLEY GREGORY SMITH · sell · $4,001
CUMINS NICHOLAS · award
BALLARD BROCK · award
TRIMBACK THOMAS F. · award
LEE JAMES K · award
MOUTTE JULIEN · award
ANDRE WERNER · award
SHAMAN DAVID R. · award
BENTLEY GREGORY SMITH · other
CUMINS NICHOLAS · award · $952,823
BALLARD BROCK · award · $673,602
TRIMBACK THOMAS F. · award · $141,844
LEE JAMES K · award · $481,461
MOUTTE JULIEN · award · $669,602
BENTLEY GREGORY SMITH · award · $1,427,953
ANDRE WERNER · award · $802,396
SHAMAN DAVID R. · award · $716,831
SHAMAN DAVID R. · other
BENTLEY BARRY J · award
BENTLEY KEITH ARTHUR · award
CUMINS NICHOLAS · award
BALLARD BROCK · award
TRIMBACK THOMAS F. · award
LEE JAMES K · award
MOUTTE JULIEN · award
BENTLEY GREGORY SMITH · award
BENTLEY RAYMOND B · award
BENTLEY BARRY J · award
GRISWOLD KIRK B. · award
ANDRE WERNER · award
SHAMAN DAVID R. · award
BENTLEY RAYMOND B · other
TRIMBACK THOMAS F. · sell · $24,091
BENTLEY GREGORY SMITH · award · $1,567,321
BENTLEY KEITH ARTHUR · award
CUMINS NICHOLAS · award
BALLARD BROCK · award
TRIMBACK THOMAS F. · award
LEE JAMES K · award
MOUTTE JULIEN · award
BENTLEY GREGORY SMITH · award
BENTLEY RAYMOND B · award
GRISWOLD KIRK B. · award
ANDRE WERNER · award
SHAMAN DAVID R. · award
BENTLEY GREGORY SMITH · sell · $2,037,576
BENTLEY BARRY J · other
BENTLEY GREGORY SMITH · other
BENTLEY KEITH ARTHUR · other
BENTLEY GREGORY SMITH · other
SHAMAN DAVID R. · sell · $23,700
BENTLEY GREGORY SMITH · award · $1,793,504
SHAMAN DAVID R. · sell · $1,157,034
BENTLEY KEITH ARTHUR · sell · $8,330,511
SHAMAN DAVID R. · sell · $1,053,208
BENTLEY RAYMOND B · sell · $18,836,978
BENTLEY RAYMOND B · sell · $31,479,784
BENTLEY KEITH ARTHUR · award
CUMINS NICHOLAS · award
BALLARD BROCK · award
TRIMBACK THOMAS F. · award
LEE JAMES K · award
MOUTTE JULIEN · award
BENTLEY GREGORY SMITH · award
BENTLEY GREGORY SMITH · other
BENTLEY RAYMOND B · award
GRISWOLD KIRK B. · award
ANDRE WERNER · award
SHAMAN DAVID R. · award
BENTLEY GREGORY SMITH · other
BENTLEY GREGORY SMITH · other
HAUGEN JANET BRUTSCHEA · award
HUGHES BRIAN F · award
GRISWOLD KIRK B. · award
BALLARD BROCK · sell · $557,270
BENTLEY GREGORY SMITH · award · $2,062,711
BENTLEY KEITH ARTHUR · award
CUMINS NICHOLAS · award
BALLARD BROCK · award
TRIMBACK THOMAS F. · award
LEE JAMES K · award
MOUTTE JULIEN · award
BENTLEY GREGORY SMITH · award
BENTLEY RAYMOND B · award
GRISWOLD KIRK B. · award
ANDRE WERNER · award
SHAMAN DAVID R. · award
SHAMAN DAVID R. · other
CUMINS NICHOLAS · award
BALLARD BROCK · award
TRIMBACK THOMAS F. · award
LEE JAMES K · award
ANDRE WERNER · award
SHAMAN DAVID R. · award
BENTLEY GREGORY SMITH · other
BENTLEY GREGORY SMITH · sell · $2,214,804
BALLARD BROCK · sell · $332,421
CUMINS NICHOLAS · award · $3,591,845
ANDRE WERNER · award · $1,077,539
SHAMAN DAVID R. · award · $2,155,125
BENTLEY KEITH ARTHUR · sell · $53,370
CUMINS NICHOLAS · award · $914,112
BALLARD BROCK · award · $476,961
TRIMBACK THOMAS F. · award · $134,465
LEE JAMES K · award
BENTLEY GREGORY SMITH · award · $1,062,406
ANDRE WERNER · award · $663,852
SHAMAN DAVID R. · award · $593,081
BENTLEY KEITH ARTHUR · sell · $3,246,812
SHAMAN DAVID R. · other
BENTLEY KEITH ARTHUR · award
CUMINS NICHOLAS · award
CAMPBELL MICHAEL M · award
BALLARD BROCK · award
TRIMBACK THOMAS F. · award
BENTLEY GREGORY SMITH · award
BENTLEY RAYMOND B · award
GRISWOLD KIRK B. · award
ANDRE WERNER · award
SHAMAN DAVID R. · award
BENTLEY KEITH ARTHUR · other
BENTLEY GREGORY SMITH · other
BENTLEY BARRY J · sell · $2,410,930
BENTLEY BARRY J · sell · $2,439,815
BENTLEY GREGORY SMITH · award · $1,277,606
BENTLEY BARRY J · sell · $2,447,535
BENTLEY BARRY J · sell · $2,471,815
BENTLEY BARRY J · sell · $2,545,770
BENTLEY BARRY J · sell · $2,413,763
BENTLEY BARRY J · sell · $2,529,075
BENTLEY KEITH ARTHUR · award
CUMINS NICHOLAS · award
CAMPBELL MICHAEL M · award
BALLARD BROCK · award
BENTLEY GREGORY SMITH · award
SHAMAN DAVID R. · award
BENTLEY RAYMOND B · award
GRISWOLD KIRK B. · award
7 signals · latest 9d ago

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