New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 5,534 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $46.98, for a total transaction of $259,987.32. Following the completion of the sale, the vice president now directly owns 6,111 shares in the company, valued at $287,094.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, June 20th, Robin Schulman sold 490 shares of New Relic stock. The stock was sold at an average price of $43.44, for a total transaction of $21,285.60.
  • On Friday, June 16th, Robin Schulman sold 298 shares of New Relic stock. The stock was sold at an average price of $41.33, for a total transaction of $12,316.34.
  • On Friday, May 19th, Robin Schulman sold 569 shares of New Relic stock. The stock was sold at an average price of $41.95, for a total transaction of $23,869.55.
  • On Thursday, May 18th, Robin Schulman sold 246 shares of New Relic stock. The stock was sold at an average price of $41.05, for a total transaction of $10,098.30.
  • On Tuesday, May 16th, Robin Schulman sold 2,599 shares of New Relic stock. The stock was sold at an average price of $43.72, for a total transaction of $113,628.28.
  • On Tuesday, May 9th, Robin Schulman sold 2,083 shares of New Relic stock. The stock was sold at an average price of $40.42, for a total transaction of $84,194.86.
  • On Monday, May 1st, Robin Schulman sold 667 shares of New Relic stock. The stock was sold at an average price of $40.00, for a total transaction of $26,680.00.
  • On Wednesday, April 19th, Robin Schulman sold 668 shares of New Relic stock. The stock was sold at an average price of $39.98, for a total transaction of $26,706.64.

New Relic, Inc. (NYSE NEWR) opened at 47.70 on Monday. The firm’s market capitalization is $2.55 billion. New Relic, Inc. has a 52-week low of $27.85 and a 52-week high of $47.80. The stock’s 50 day moving average is $43.07 and its 200-day moving average is $37.36.

New Relic (NYSE:NEWR) last announced its earnings results on Tuesday, May 9th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The firm had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $73.04 million. New Relic had a negative return on equity of 30.80% and a negative net margin of 23.18%. The company’s revenue was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Equities analysts expect that New Relic, Inc. will post ($0.27) earnings per share for the current year.

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NEWR has been the topic of several research analyst reports. Zacks Investment Research cut shares of New Relic from a “hold” rating to a “sell” rating in a research report on Wednesday, April 5th. Oppenheimer Holdings, Inc. set a $40.00 target price on shares of New Relic and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Stephens initiated coverage on shares of New Relic in a research report on Thursday, May 25th. They set an “overweight” rating and a $55.00 price target on the stock. CIBC lifted their price target on shares of New Relic from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, Robert W. Baird lifted their price target on shares of New Relic from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. New Relic presently has a consensus rating of “Buy” and a consensus price target of $45.70.

A number of large investors have recently made changes to their positions in NEWR. Clearbridge Investments LLC boosted 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 worth $50,739,000 after buying an additional 1,082,245 shares during the last quarter. Peregrine Capital Management LLC bought a new stake in shares of New Relic during the first quarter worth about $18,867,000. Massachusetts Financial Services Co. MA bought a new stake in shares of New Relic during the first quarter worth about $18,611,000. Jennison Associates LLC bought a new stake in shares of New Relic during the first quarter worth about $16,703,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of New Relic by 66.4% in the first quarter. Bank of New York Mellon Corp now owns 1,051,025 shares of the software maker’s stock worth $38,961,000 after buying an additional 419,316 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

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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