Insider Selling: New Relic Inc (NEWR) CFO Sells 5,000 Shares of Stock

New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of New Relic stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $64.58, for a total value of $322,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mark Sachleben also recently made the following trade(s):

  • On Monday, January 22nd, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $57.86, for a total value of $289,300.00.
  • On Friday, January 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $59.12, for a total value of $591,200.00.
  • On Thursday, January 4th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $59.35, for a total value of $296,750.00.
  • On Wednesday, December 20th, Mark Sachleben sold 6,042 shares of New Relic stock. The stock was sold at an average price of $59.30, for a total value of $358,290.60.
  • On Monday, December 18th, Mark Sachleben sold 1,161 shares of New Relic stock. The stock was sold at an average price of $59.21, for a total value of $68,742.81.
  • On Monday, December 11th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $59.07, for a total value of $590,700.00.
  • On Thursday, December 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $56.35, for a total value of $281,750.00.
  • On Monday, November 27th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $59.04, for a total value of $295,200.00.
  • On Monday, November 20th, Mark Sachleben sold 1,645 shares of New Relic stock. The stock was sold at an average price of $55.13, for a total value of $90,688.85.
  • On Thursday, November 16th, Mark Sachleben sold 2,238 shares of New Relic stock. The stock was sold at an average price of $55.53, for a total value of $124,276.14.

New Relic Inc (NYSE NEWR) traded up $1.18 during trading on Friday, hitting $64.18. The stock had a trading volume of 131,657 shares, compared to its average volume of 436,244. New Relic Inc has a fifty-two week low of $33.10 and a fifty-two week high of $66.10. The stock has a market cap of $3,550.00, a P/E ratio of -65.08 and a beta of 0.98.

New Relic (NYSE:NEWR) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.12. New Relic had a negative return on equity of 25.55% and a negative net margin of 16.17%. The business had revenue of $91.83 million during the quarter, compared to the consensus estimate of $89.31 million. During the same period in the previous year, the business earned ($0.09) EPS. The business’s quarterly revenue was up 34.8% on a year-over-year basis. equities research analysts predict that New Relic Inc will post -0.98 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of New Relic by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,848,100 shares of the software maker’s stock valued at $122,497,000 after purchasing an additional 204,652 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of New Relic by 2,139.1% in the 4th quarter. First Trust Advisors LP now owns 1,264,352 shares of the software maker’s stock valued at $73,042,000 after purchasing an additional 1,207,885 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of New Relic by 657.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 568,040 shares of the software maker’s stock valued at $28,288,000 after purchasing an additional 493,040 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of New Relic by 3.5% in the 3rd quarter. Peregrine Capital Management LLC now owns 530,221 shares of the software maker’s stock valued at $26,405,000 after purchasing an additional 18,021 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of New Relic by 28.2% in the 2nd quarter. State Street Corp now owns 524,025 shares of the software maker’s stock valued at $22,538,000 after purchasing an additional 115,358 shares during the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on NEWR. JPMorgan Chase & Co. downgraded 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. KeyCorp reaffirmed an “overweight” rating and set a $57.00 price target (up from $52.00) on shares of New Relic in a report on Wednesday, November 8th. Needham & Company LLC lifted their price target on New Relic from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer lifted their price target on New Relic from $57.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets began coverage on New Relic in a report on Friday, January 12th. They set a “market perform” rating and a $68.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.00.

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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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