New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of New Relic stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $50.40, for a total transaction of $252,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Monday, September 25th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $47.69, for a total transaction of $238,450.00.
  • On Wednesday, September 20th, Mark Sachleben sold 1,367 shares of New Relic stock. The stock was sold at an average price of $48.59, for a total transaction of $66,422.53.
  • On Monday, September 18th, Mark Sachleben sold 836 shares of New Relic stock. The stock was sold at an average price of $48.31, for a total transaction of $40,387.16.
  • On Wednesday, September 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $49.70, for a total transaction of $497,000.00.
  • On Thursday, September 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $48.08, for a total transaction of $240,400.00.
  • On Monday, August 21st, Mark Sachleben sold 6,913 shares of New Relic stock. The stock was sold at an average price of $45.89, for a total transaction of $317,237.57.
  • On Wednesday, August 16th, Mark Sachleben sold 1,753 shares of New Relic stock. The stock was sold at an average price of $45.93, for a total transaction of $80,515.29.
  • On Wednesday, August 9th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $44.60, for a total transaction of $446,000.00.
  • On Thursday, August 3rd, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $45.37, for a total transaction of $226,850.00.
  • On Tuesday, July 18th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $48.14, for a total transaction of $240,700.00.

Shares of New Relic, Inc. (NYSE:NEWR) opened at 51.57 on Friday. The firm’s market capitalization is $2.81 billion. New Relic, Inc. has a 12-month low of $27.85 and a 12-month high of $51.97. The company has a 50-day moving average of $48.63 and a 200 day moving average of $44.13.

New Relic (NYSE:NEWR) last posted its quarterly earnings data 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 return on equity of 29.19% and a negative net margin of 20.68%. The company had revenue of $80.10 million during the quarter, compared to analysts’ expectations of $78.09 million. During the same period in the prior year, the business earned ($0.20) earnings per share. New Relic’s revenue for the quarter was up 36.7% compared to the same quarter last year. On average, analysts predict that New Relic, Inc. will post ($0.25) EPS for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of NEWR. Russell Investments Group Ltd. boosted its position in shares of New Relic by 36.5% in the first quarter. Russell Investments Group Ltd. now owns 23,447 shares of the software maker’s stock valued at $868,000 after acquiring an additional 6,269 shares during the period. Swiss National Bank boosted its position in shares of New Relic by 6.2% in the first quarter. Swiss National Bank now owns 42,997 shares of the software maker’s stock valued at $1,594,000 after acquiring an additional 2,500 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of New Relic by 38.1% in the first quarter. Parametric Portfolio Associates LLC now owns 20,641 shares of the software maker’s stock valued at $765,000 after acquiring an additional 5,693 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of New Relic by 203.4% in the first quarter. Envestnet Asset Management Inc. now owns 5,473 shares of the software maker’s stock valued at $204,000 after acquiring an additional 3,669 shares during the period. Finally, Cipher Capital LP bought a new stake in shares of New Relic in the first quarter valued at approximately $278,000. 74.82% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. KeyCorp assumed coverage on shares of New Relic in a research report on Tuesday, September 19th. They set an “overweight” rating and a $52.00 target price on the stock. BidaskClub cut shares of New Relic from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 18th. Robert W. Baird set a $55.00 target price on shares of New Relic and gave the stock a “buy” rating in a research report on Monday, September 11th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $50.00 target price on shares of New Relic in a research report on Tuesday, September 19th. Finally, Morgan Stanley cut shares of New Relic from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $45.00 to $48.00 in a research report on Thursday, July 20th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. New Relic currently has an average rating of “Buy” and a consensus price target 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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