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Bentley Systems Inc Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 03 Dec 2021.
Bentley Systems Inc: what insiders have been doing
This page follows insider dealings at Bentley Systems Inc as filed with SEC (Form 4), a company from the Business Services sector based in Exton, United States. The group dates from 1984. The last twelve months, up to 18 October 2026, brought 118 filings signed by 16 insiders.
Only sales appear on the open market, 2 sales in all totalling €24k, filed by 2 insiders. One trade stands out by size: a sale of €21k from Trimback Thomas F, disclosed on 19 November 2025.
For context, the typical company on the same exchange (median of 5,812 companies) published 19 filings over the same period, against 118 filings here. Over the whole record (from 2021), the tally stands at 2 purchases and 93 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 1.50 bn USD and net income at 277.9 m USD; the dividend was 0.28 USD per share.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
In the same sector, recent insider purchases at Coursera, Inc. also feature in our signals. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
603
Thresholds
n/a
Buy Volume
€971,529
2 ops. · all time
Sell Volume
€266M
93 ops. · all time
Who traded when
BuySaleDavid R. Shaman4 sales
Gregory S. Bentley3 sales
Keith A. Bentley3 sales
Barry J. Bentley2 sales
Brock Ballard2 sales
Raymond B. Bentley2 sales
+1 other insider
Since the insiders bought
- -18.1%Entry US$48.34 · Close at T+365 US$39.57
- -18.1%Entry US$48.34 · Close at T+365 US$39.57
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Bentley Systems Inc Buy (bullish), based on 15 analysts. Average price target: US$43.93.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 8,430 of 24,158 companies
59.0
score / 100
Value42
Quality76
FCF yld4.9%
Earn yld2.6%
EV/EBITDA27.7x
ROE25%
Gross mgn82%
Net mgn18%
Debt/EBITDA3.0x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$35.15
Analyst consensus
15 analystsBuy
US$37.00Target US$43.93(+25%)US$59.00
Income statement
RevenueUS$1.5B
Gross profitUS$1.2B82% margin
EBITDAUS$431.9M29% margin
Net incomeUS$277.8M18.1% margin
Valuation
PER (trailing)38.6x
PER (forward)22.3x
P/Book9.1x
Beta1.00
Balance sheet & cash
Market capUS$10.6B
Total debtUS$1.3B
Free Cash FlowUS$520.2M
Debt / Equity105%
Profitability & ownership
ROE24.5%
ROA7.2%
% insiders45.4%
% institutions55.4%
Last declaration on 1 October 2026
Declarations603 total
199 shares0Class B Common StockSEC:0001104659-26-112875:0
23 shares0Class B Common StockSEC:0001104659-26-112874:0
2,044 shares0Class B Common StockSEC:0001104659-26-112873:0
737 shares0Class B Common StockSEC:0001104659-26-112869:0
106 shares0Class B Common StockSEC:0001104659-26-112867:0
174 shares0Class B Common StockSEC:0001104659-26-112872:0
402 shares0Class B Common StockSEC:0001104659-26-112864:0
85 shares0Class B Common StockSEC:0001104659-26-112863:0
469 shares0Class B Common StockSEC:0001104659-26-112862:0
1,033 shares0Class B Common StockSEC:0001104659-26-112861:0
3,691 shares0Class B Common StockSEC:0001104659-26-112859:0
3 shares0Class B Common StockSEC:0001104659-26-112857:0
13,192 shares0Class B Common StockSEC:0001104659-26-103884:0
300,000 shares@ US$36.940.11% mcap100.0% of flowclass bSEC144:0001949846-26-000548
703 shares0Class B Common StockSEC:0001104659-26-097163:0
281 shares0Class B Common StockSEC:0001104659-26-097163:1
1,040 shares@ US$35.680.0004% mcap0.1% of flowClass B Common StockSEC:0001104659-26-090385:0
61,037 shares@ US$30.120.019% mcap1.6% of flowClass B Common StockSEC:0001104659-26-087097:0
26,698 shares@ US$30.120.0083% mcap0.7% of flowClass B Common StockSEC:0001104659-26-087097:1
704 shares@ US$31.650.0002% mcap0.1% of flowClass B Common StockSEC:0001104659-26-082657:0
202 sharesClass B Common StockSEC:0001104659-26-074041:0
1,050 sharesClass B Common StockSEC:0001104659-26-074043:0
86 sharesClass B Common StockSEC:0001104659-26-074048:0
466 sharesClass B Common StockSEC:0001104659-26-074051:0
201 sharesClass B Common StockSEC:0001104659-26-074054:0
25 of 603 declarations
About Bentley Systems Inc
Bentley Systems, Inc. (NASDAQ: BSY) is a U.S.-based infrastructure engineering software company headquartered in Exton, Pennsylvania, in the United States. Founded in 1984 by the Bentley brothers, the company has built a focused B2B franchise serving engineering firms, construction groups, utilities, public agencies, and industrial operators that need software to design, build, and operate critical infrastructure assets. Its business is centered on digital workflows for infrastructure, rather than general-purpose enterprise software.([sec.gov](https://www.sec.gov/Archives/edgar/data/1031308/000110465926042049/tm263550d2_ars.pdf?utm_source=openai))
Bentley’s portfolio spans the full infrastructure lifecycle. The company provides applications for roads, rail, bridges, tunnels, buildings, plants, water networks, power systems, and other civil and industrial assets. Well-known products include OpenRoads, OpenRail, OpenBridge, OpenBuildings, OpenPlant, and OpenFlows, alongside ProjectWise for project collaboration, AssetWise for asset performance management, and iTwin for infrastructure digital twins. This breadth gives Bentley a differentiated position in infrastructure software, where end users often require domain-specific tools that integrate engineering design, data management, and operational intelligence.([bentley.com](https://www.bentley.com/industries/transportation-bridges-and-tunnels/?utm_source=openai))
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From a competitive standpoint, Bentley occupies a high-value niche with sticky customer relationships and significant switching costs. Its user base is global, reflecting the international nature of infrastructure investment and the company’s broad geographic reach. The firm’s strategy emphasizes platform depth, recurring software usage, and technology upgrades that enhance collaboration and asset lifecycle performance. In particular, Bentley has been pushing its iTwin platform and broader AI capabilities to improve automation and make engineering workflows more efficient.([sec.gov](https://www.sec.gov/Archives/edgar/data/1031308/000110465926042049/tm263550d2_ars.pdf?utm_source=openai))
Recent developments underscore that strategy. In 2025, Bentley unveiled new infrastructure AI capabilities and industry collaborations at its Year in Infrastructure conference, while also continuing to report quarterly results and update its outlook. The company’s latest investor communications point to ongoing momentum in digital workflows, cloud-enabled offerings, and asset analytics. For French-speaking investors, Bentley Systems stands out as a specialized software compounder tied to the long-term digitization, modernization, and operation of infrastructure worldwide, listed on the NASDAQ market in the United States.([bentley.com](https://www.bentley.com/news/bentley-systems-advances-infrastructure-ai-with-new-applications-and-industry-collaboration?utm_source=openai))
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