New Relic, Inc. (NEWR) VP Robin Schulman Sells 1,109 Shares

New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,109 shares of New Relic stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $51.33, for a total transaction of $56,924.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Robin Schulman also recently made the following trade(s):

  • On Monday, October 2nd, Robin Schulman sold 445 shares of New Relic stock. The shares were sold at an average price of $49.89, for a total transaction of $22,201.05.
  • On Wednesday, September 20th, Robin Schulman sold 488 shares of New Relic stock. The shares were sold at an average price of $48.59, for a total transaction of $23,711.92.
  • On Monday, September 18th, Robin Schulman sold 1,349 shares of New Relic stock. The shares were sold at an average price of $48.78, for a total transaction of $65,804.22.
  • On Friday, August 18th, Robin Schulman sold 1,136 shares of New Relic stock. The shares were sold at an average price of $45.32, for a total transaction of $51,483.52.
  • On Wednesday, August 16th, Robin Schulman sold 1,745 shares of New Relic stock. The shares were sold at an average price of $46.24, for a total transaction of $80,688.80.
  • On Tuesday, August 1st, Robin Schulman sold 667 shares of New Relic stock. The shares were sold at an average price of $47.03, for a total transaction of $31,369.01.
  • On Wednesday, July 12th, Robin Schulman sold 5,534 shares of New Relic stock. The shares were sold at an average price of $46.98, for a total transaction of $259,987.32.

New Relic, Inc. (NYSE NEWR) traded down 1.29% during mid-day trading on Tuesday, reaching $50.67. 230,062 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $48.90 and a 200 day moving average price of $44.48. New Relic, Inc. has a 52-week low of $27.85 and a 52-week high of $51.97. The company’s market cap is $2.76 billion.

New Relic (NYSE:NEWR) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.03. New Relic had a negative net margin of 20.68% and a negative return on equity of 29.19%. The business had revenue of $80.10 million during the quarter, compared to analysts’ expectations of $78.09 million. During the same period last year, the business earned ($0.20) earnings per share. The firm’s revenue was up 36.7% on a year-over-year basis. Equities analysts predict that New Relic, Inc. will post ($0.25) earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of New Relic by 1.4% in the second quarter. FMR LLC now owns 8,024,872 shares of the software maker’s stock valued at $345,149,000 after buying an additional 108,223 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of New Relic by 7.7% in the second quarter. Vanguard Group Inc. now owns 2,848,100 shares of the software maker’s stock valued at $122,497,000 after buying an additional 204,652 shares in the last quarter. Champlain Investment Partners LLC grew its stake in shares of New Relic by 21.3% in the first quarter. Champlain Investment Partners LLC now owns 1,682,895 shares of the software maker’s stock valued at $62,385,000 after buying an additional 295,085 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of New Relic by 377.8% in the first quarter. Clearbridge Investments LLC now owns 1,368,733 shares of the software maker’s stock valued at $50,739,000 after buying an additional 1,082,245 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of New Relic by 24.4% in the second quarter. Bank of New York Mellon Corp now owns 1,307,282 shares of the software maker’s stock valued at $56,226,000 after buying an additional 256,257 shares in the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

NEWR has been the topic of a number of research analyst reports. BidaskClub raised shares of New Relic from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $50.00 price objective on shares of New Relic in a research report on Tuesday, September 19th. Zacks Investment Research downgraded shares of New Relic from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. First Analysis downgraded shares of New Relic from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a research report on Friday, August 4th. Finally, Robert W. Baird set a $55.00 price objective on shares of New Relic and gave the company a “buy” rating in a research report on Monday, September 11th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.17.

About New Relic

New Relic, Inc (New Relic) is a provider of enterprise software. The Company’s cloud-based platform and range of products enable organizations to collect, store and analyze software data in real time. The Company’s New Relic Software Analytics Cloud consists of an integrated suite of products, a data database and an open platform.

Insider Buying and Selling by Quarter for New Relic (NYSE:NEWR)

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