New Relic, Inc. (NEWR) VP Sells $117,409.27 in Stock

New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,991 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $58.97, for a total transaction of $117,409.27. Following the transaction, the vice president now owns 1,365 shares of the company’s stock, valued at approximately $80,494.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Friday, December 15th, Robin Schulman sold 1,575 shares of New Relic stock. The stock was sold at an average price of $58.90, for a total transaction of $92,767.50.
  • On Monday, November 20th, Robin Schulman sold 1,144 shares of New Relic stock. The stock was sold at an average price of $55.13, for a total transaction of $63,068.72.
  • On Thursday, November 16th, Robin Schulman sold 1,797 shares of New Relic stock. The stock was sold at an average price of $54.44, for a total transaction of $97,828.68.
  • On Friday, October 6th, Robin Schulman sold 1,109 shares of New Relic stock. The stock was sold at an average price of $51.33, for a total transaction of $56,924.97.
  • On Monday, October 2nd, Robin Schulman sold 445 shares of New Relic stock. The stock was 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 stock was sold at an average price of $48.59, for a total transaction of $23,711.92.

Shares of New Relic, Inc. (NYSE NEWR) traded down $0.55 during trading hours on Tuesday, hitting $59.31. 388,938 shares of the stock traded hands, compared to its average volume of 478,604. New Relic, Inc. has a twelve month low of $27.85 and a twelve month high of $60.85.

New Relic (NYSE:NEWR) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The business had revenue of $84.68 million during the quarter, compared to the consensus estimate of $82.98 million. New Relic had a negative net margin of 19.43% and a negative return on equity of 29.19%. The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. research analysts expect that New Relic, Inc. will post -0.98 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of NEWR. AXA raised its position in New Relic by 8.2% in the 3rd quarter. AXA now owns 171,000 shares of the software maker’s stock valued at $8,516,000 after purchasing an additional 13,000 shares during the last quarter. Granahan Investment Management Inc. MA purchased a new stake in New Relic in the 3rd quarter valued at $269,000. PEAK6 Investments L.P. raised its position in New Relic by 107.6% in the 3rd quarter. PEAK6 Investments L.P. now owns 17,403 shares of the software maker’s stock valued at $867,000 after purchasing an additional 9,019 shares during the last quarter. Asset Management One Co. Ltd. raised its position in New Relic by 48.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 14,858 shares of the software maker’s stock valued at $731,000 after purchasing an additional 4,859 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in New Relic in the 3rd quarter valued at $23,221,000. Institutional investors and hedge funds own 76.45% of the company’s stock.

Several research firms have commented on NEWR. J P Morgan Chase & Co cut shares of New Relic from an “overweight” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Tuesday, December 12th. JMP Securities boosted their price target on shares of New Relic from $54.00 to $56.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 8th. Morgan Stanley boosted their price target on shares of New Relic from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. UBS began coverage on shares of New Relic in a report on Thursday, November 9th. They set a “neutral” rating and a $53.00 price target for the company. Finally, Needham & Company LLC began coverage on shares of New Relic in a report on Monday, October 23rd. They set a “buy” rating and a $69.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $54.23.

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New Relic Company Profile

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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