New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $44.60, for a total value of $446,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, August 3rd, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $45.37, for a total value of $226,850.00.
  • On Tuesday, July 18th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $48.14, for a total value of $240,700.00.
  • On Wednesday, July 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $46.68, for a total value of $466,800.00.
  • On Thursday, July 6th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $43.09, for a total value of $215,450.00.
  • On Tuesday, June 20th, Mark Sachleben sold 1,370 shares of New Relic stock. The shares were sold at an average price of $43.44, for a total value of $59,512.80.
  • On Friday, June 16th, Mark Sachleben sold 833 shares of New Relic stock. The shares were sold at an average price of $41.34, for a total value of $34,436.22.
  • On Monday, June 12th, Mark Sachleben sold 11,500 shares of New Relic stock. The shares were sold at an average price of $40.21, for a total value of $462,415.00.
  • On Monday, June 5th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $44.13, for a total value of $154,455.00.
  • On Tuesday, May 30th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $44.56, for a total value of $155,960.00.
  • On Thursday, May 18th, Mark Sachleben sold 582 shares of New Relic stock. The shares were sold at an average price of $41.05, for a total value of $23,891.10.

New Relic, Inc. (NYSE:NEWR) traded down 0.58% during trading on Wednesday, reaching $44.89. The company had a trading volume of 384,660 shares. The firm has a 50-day moving average price of $45.46 and a 200 day moving average price of $40.25. The stock’s market cap is $2.40 billion. New Relic, Inc. has a 12-month low of $27.85 and a 12-month high of $49.19.

New Relic (NYSE:NEWR) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. New Relic had a negative net margin of 20.68% and a negative return on equity of 29.19%. The firm had revenue of $80.10 million during the quarter, compared to analyst estimates of $78.09 million. During the same quarter in the prior year, the business posted ($0.20) earnings per share. The company’s quarterly revenue was up 36.7% compared to the same quarter last year. Equities research analysts predict that New Relic, Inc. will post ($0.25) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Botty Investors LLC raised its position in New Relic by 23.5% in the second quarter. Botty Investors LLC now owns 2,809 shares of the software maker’s stock valued at $121,000 after buying an additional 535 shares during the period. Teachers Advisors LLC raised its position in New Relic by 1.4% in the first quarter. Teachers Advisors LLC now owns 58,125 shares of the software maker’s stock valued at $2,155,000 after buying an additional 811 shares during the period. American International Group Inc. raised its position in New Relic by 7.1% in the first quarter. American International Group Inc. now owns 13,522 shares of the software maker’s stock valued at $501,000 after buying an additional 894 shares during the period. OLD National Bancorp IN raised its position in New Relic by 8.5% in the first quarter. OLD National Bancorp IN now owns 13,351 shares of the software maker’s stock valued at $495,000 after buying an additional 1,044 shares during the period. Finally, Wrapmanager Inc. raised its position in New Relic by 16.4% in the first quarter. Wrapmanager Inc. now owns 9,829 shares of the software maker’s stock valued at $364,000 after buying an additional 1,386 shares during the period. 71.33% of the stock is owned by hedge funds and other institutional investors.

NEWR has been the topic of several research reports. Zacks Investment Research raised New Relic from a “sell” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday, April 12th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $46.00 price objective (up from $40.00) on shares of New Relic in a research report on Friday, May 12th. CIBC raised their price objective on New Relic from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Stephens initiated coverage on New Relic in a research report on Thursday, May 25th. They issued an “overweight” rating and a $55.00 price objective on the stock. Finally, Morgan Stanley lowered New Relic from an “overweight” rating to an “equal weight” rating and lifted 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. New Relic has an average rating of “Buy” and a consensus target price of $47.36.

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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