New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,575 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $58.90, for a total transaction of $92,767.50. Following the completion of the sale, the vice president now owns 1,365 shares in the company, valued at approximately $80,398.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, December 18th, Robin Schulman sold 1,991 shares of New Relic stock. The shares were sold at an average price of $58.97, for a total transaction of $117,409.27.
  • On Monday, November 20th, Robin Schulman sold 1,144 shares of New Relic stock. The shares were sold at an average price of $55.13, for a total transaction of $63,068.72.
  • On Thursday, November 16th, Robin Schulman sold 1,797 shares of New Relic stock. The shares were sold at an average price of $54.44, for a total transaction of $97,828.68.
  • On Friday, October 6th, Robin Schulman sold 1,109 shares of New Relic stock. The shares were sold at an average price of $51.33, for a total transaction of $56,924.97.
  • On Monday, October 2nd, Robin Schulman sold 445 shares of New Relic stock. The shares were sold at an average price of $49.89, for a total transaction of $22,201.05.
  • On Wednesday, September 20th, Robin Schulman sold 488 shares of New Relic stock. The shares were sold at an average price of $48.59, for a total transaction of $23,711.92.

New Relic, Inc. (NEWR) traded down $0.55 during trading on Wednesday, hitting $59.31. 388,900 shares of the stock traded hands, compared to its average volume of 478,604. New Relic, Inc. has a twelve month low of $27.85 and a twelve month high of $60.85.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. The business had revenue of $84.68 million during the quarter, compared to analysts’ expectations of $82.98 million. New Relic had a negative net margin of 19.43% and a negative return on equity of 29.19%. The business’s revenue was up 33.5% on a year-over-year basis. During the same period last year, the firm posted ($0.09) earnings per share. analysts anticipate that New Relic, Inc. will post -0.98 EPS for the current fiscal year.

Several equities research analysts have commented on NEWR shares. BidaskClub upgraded shares of New Relic from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Robert W. Baird set a $55.00 price objective on shares of New Relic and gave the company a “buy” rating in a report on Monday, September 11th. KeyCorp initiated coverage on shares of New Relic in a report on Tuesday, September 19th. They issued an “overweight” rating and a $52.00 price objective for the company. Oppenheimer reiterated a “buy” rating and issued a $50.00 price objective on shares of New Relic in a report on Tuesday, September 19th. Finally, Zacks Investment Research upgraded shares of New Relic from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, October 4th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $54.23.

Large investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC boosted its holdings in New Relic by 11.4% during the third quarter. Essex Investment Management Co. LLC now owns 10,031 shares of the software maker’s stock worth $500,000 after buying an additional 1,025 shares in the last quarter. Voya Investment Management LLC boosted its holdings in New Relic by 58.2% during the second quarter. Voya Investment Management LLC now owns 13,072 shares of the software maker’s stock worth $562,000 after buying an additional 4,807 shares in the last quarter. AXA boosted its holdings in New Relic by 9.0% during the second quarter. AXA now owns 158,000 shares of the software maker’s stock worth $6,796,000 after buying an additional 13,000 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in New Relic by 31.3% during the second quarter. JPMorgan Chase & Co. now owns 94,229 shares of the software maker’s stock worth $4,052,000 after buying an additional 22,460 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in New Relic during the second quarter worth approximately $1,734,000. Hedge funds and other institutional investors own 76.45% of the company’s stock.

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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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