New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 1,161 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $59.21, for a total value of $68,742.81. Following the completion of the sale, the chief financial officer now directly owns 2,203 shares of the company’s stock, valued at approximately $130,439.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • 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.
  • On Monday, November 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $52.55, for a total value of $525,500.00.
  • On Thursday, November 9th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $52.98, for a total value of $264,900.00.
  • On Monday, October 23rd, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $52.40, for a total value of $262,000.00.
  • On Wednesday, October 11th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $50.78, for a total value of $507,800.00.
  • On Thursday, October 5th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $50.40, for a total value of $252,000.00.

Shares of New Relic, Inc. (NYSE:NEWR) traded down $0.55 during mid-day trading on Tuesday, hitting $59.31. The stock had a trading volume of 388,938 shares, compared to its average volume of 478,604. New Relic, Inc. has a one year low of $27.85 and a one year high of $60.85.

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

Several equities research analysts recently weighed in on NEWR shares. Needham & Company LLC started coverage on New Relic in a report on Monday, October 23rd. They issued a “buy” rating and a $69.00 target price for the company. Zacks Investment Research lowered New Relic from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub lowered New Relic from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird set a $55.00 price target on New Relic and gave the stock a “buy” rating in a report on Monday, September 11th. Finally, Morgan Stanley upped their price target on New Relic from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $54.23.

Several hedge funds have recently modified their holdings of NEWR. Ameritas Investment Partners Inc. raised its stake in shares of New Relic by 50.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock valued at $111,000 after purchasing an additional 862 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of New Relic in the second quarter valued at $118,000. BNP Paribas Arbitrage SA raised its stake in shares of New Relic by 507.2% in the second quarter. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker’s stock valued at $164,000 after purchasing an additional 3,185 shares in the last quarter. BT Investment Management Ltd acquired a new position in shares of New Relic in the second quarter valued at $186,000. Finally, Turner Investments LLC acquired a new position in shares of New Relic in the second quarter valued at $194,000. Institutional investors own 76.45% of the company’s stock.

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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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