New Relic Inc (NYSE:NEWR) CEO Lewis Cirne sold 89,000 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $84.76, for a total value of $7,543,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Lewis Cirne also recently made the following trade(s):

  • On Friday, November 2nd, Lewis Cirne sold 89,000 shares of New Relic stock. The shares were sold at an average price of $88.23, for a total value of $7,852,470.00.
  • On Tuesday, October 2nd, Lewis Cirne sold 89,000 shares of New Relic stock. The shares were sold at an average price of $88.09, for a total value of $7,840,010.00.

Shares of New Relic stock traded down $2.39 during trading on Friday, reaching $83.65. The company’s stock had a trading volume of 7,462 shares, compared to its average volume of 765,432. The company has a debt-to-equity ratio of 1.25, a quick ratio of 3.81 and a current ratio of 3.81. The firm has a market capitalization of $4.73 billion, a PE ratio of -114.03 and a beta of 0.80. New Relic Inc has a one year low of $56.01 and a one year high of $114.78.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Tuesday, November 6th. The software maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The business had revenue of $114.90 million during the quarter, compared to the consensus estimate of $112.26 million. New Relic had a negative return on equity of 7.97% and a negative net margin of 6.93%. The company’s revenue for the quarter was up 35.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. Research analysts forecast that New Relic Inc will post -0.37 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in New Relic by 95.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,198 shares of the software maker’s stock valued at $121,000 after acquiring an additional 584 shares during the period. DekaBank Deutsche Girozentrale increased its stake in New Relic by 84.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,293 shares of the software maker’s stock valued at $133,000 after acquiring an additional 593 shares during the period. Granite Investment Partners LLC increased its stake in New Relic by 10.9% during the third quarter. Granite Investment Partners LLC now owns 6,506 shares of the software maker’s stock valued at $613,000 after acquiring an additional 639 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in New Relic by 43.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,553 shares of the software maker’s stock valued at $257,000 after acquiring an additional 768 shares during the period. Finally, Swiss National Bank increased its stake in New Relic by 1.1% during the third quarter. Swiss National Bank now owns 73,197 shares of the software maker’s stock valued at $6,897,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 77.28% of the company’s stock.

Several equities analysts have weighed in on NEWR shares. DA Davidson upgraded New Relic from a “neutral” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Tuesday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded New Relic from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Tuesday, August 14th. TheStreet upgraded New Relic from a “d” rating to a “c” rating in a report on Thursday, August 23rd. ValuEngine lowered New Relic from a “buy” rating to a “hold” rating in a report on Monday, November 12th. Finally, Wedbush restated an “outperform” rating and set a $116.00 target price (down from $126.00) on shares of New Relic in a report on Wednesday, October 10th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. New Relic presently has an average rating of “Buy” and an average price target of $103.47.

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New Relic Company Profile

New Relic, Inc, a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.

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Insider Buying and Selling by Quarter for New Relic (NYSE:NEWR)

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