New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $52.98, for a total value of $264,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • 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 shares were 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 shares were sold at an average price of $50.40, for a total value of $252,000.00.
  • On Monday, September 25th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $47.69, for a total value of $238,450.00.
  • On Wednesday, September 20th, Mark Sachleben sold 1,367 shares of New Relic stock. The shares were sold at an average price of $48.59, for a total value of $66,422.53.
  • On Monday, September 18th, Mark Sachleben sold 836 shares of New Relic stock. The shares were sold at an average price of $48.31, for a total value of $40,387.16.
  • On Wednesday, September 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $49.70, for a total value of $497,000.00.
  • On Thursday, September 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $48.08, for a total value of $240,400.00.
  • On Monday, August 21st, Mark Sachleben sold 6,913 shares of New Relic stock. The shares were sold at an average price of $45.89, for a total value of $317,237.57.
  • On Wednesday, August 16th, Mark Sachleben sold 1,753 shares of New Relic stock. The shares were sold at an average price of $45.93, for a total value of $80,515.29.

New Relic, Inc. (NEWR) traded up $0.78 during trading on Friday, reaching $53.09. The company’s stock had a trading volume of 291,637 shares, compared to its average volume of 463,579. New Relic, Inc. has a 1 year low of $27.85 and a 1 year high of $54.79.

New Relic (NYSE:NEWR) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. New Relic had a negative return on equity of 29.51% and a negative net margin of 19.43%. The firm had revenue of $84.68 million during the quarter, compared to analyst estimates of $82.98 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. equities analysts anticipate that New Relic, Inc. will post -0.99 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. raised its stake in New Relic by 50.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock worth $111,000 after acquiring an additional 862 shares in the last quarter. ETF Managers Group LLC acquired a new position in New Relic during the second quarter worth $118,000. Botty Investors LLC raised its stake in New Relic by 23.5% during the second quarter. Botty Investors LLC now owns 2,809 shares of the software maker’s stock worth $121,000 after acquiring an additional 535 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in New Relic by 507.2% during the second quarter. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker’s stock worth $164,000 after acquiring an additional 3,185 shares in the last quarter. Finally, Cipher Capital LP acquired a new position in New Relic during the third quarter worth $212,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.

NEWR has been the subject of a number of recent research reports. Morgan Stanley lowered New Relic from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $45.00 to $48.00 in a research note on Thursday, July 20th. They noted that the move was a valuation call. Needham & Company LLC initiated coverage on New Relic in a research note 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 research note on Thursday, October 5th. Robert W. Baird set a $55.00 target price on New Relic and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, KeyCorp initiated coverage on New Relic in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $52.00 target price for the company. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $53.00.

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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