New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,745 shares of New Relic stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.24, for a total value of $80,688.80. Following the completion of the sale, the vice president now owns 1,106 shares in the company, valued at $51,141.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, August 1st, Robin Schulman sold 667 shares of New Relic stock. The shares were sold at an average price of $47.03, for a total value of $31,369.01.
  • On Wednesday, July 12th, Robin Schulman sold 5,534 shares of New Relic stock. The shares were sold at an average price of $46.98, for a total value of $259,987.32.
  • On Tuesday, June 20th, Robin Schulman sold 490 shares of New Relic stock. The shares were sold at an average price of $43.44, for a total value of $21,285.60.
  • On Friday, June 16th, Robin Schulman sold 298 shares of New Relic stock. The shares were sold at an average price of $41.33, for a total value of $12,316.34.
  • On Friday, May 19th, Robin Schulman sold 569 shares of New Relic stock. The shares were sold at an average price of $41.95, for a total value of $23,869.55.
  • On Thursday, May 18th, Robin Schulman sold 246 shares of New Relic stock. The shares were sold at an average price of $41.05, for a total value of $10,098.30.

Shares of New Relic, Inc. (NYSE NEWR) traded up 1.44% during trading on Wednesday, reaching $46.54. The company had a trading volume of 439,135 shares. The stock’s 50-day moving average price is $45.99 and its 200-day moving average price is $40.96. New Relic, Inc. has a 12 month low of $27.85 and a 12 month high of $49.19. The stock’s market capitalization is $2.54 billion.

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

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A number of research firms recently weighed in on NEWR. UBS AG lifted their price target on New Relic from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. First Analysis downgraded New Relic from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Friday, August 4th. BidaskClub downgraded New Relic from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded New Relic from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Stephens assumed coverage on New Relic in a research note on Thursday, May 25th. They issued an “overweight” rating and a $55.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. New Relic has a consensus rating of “Buy” and a consensus price target of $47.36.

Several large investors have recently added to or reduced their stakes in NEWR. Ameritas Investment Partners Inc. raised its stake in New Relic by 50.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock valued at $111,000 after buying an additional 862 shares in the last quarter. ETF Managers Group LLC bought a new stake in New Relic during the second quarter valued at $118,000. Botty Investors LLC raised its stake 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 in the last quarter. BNP Paribas Arbitrage SA raised its stake in New Relic by 507.2% in the second quarter. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker’s stock valued at $164,000 after buying an additional 3,185 shares in the last quarter. Finally, Fortaleza Asset Management Inc. raised its stake in New Relic by 73.8% in the first quarter. Fortaleza Asset Management Inc. now owns 4,910 shares of the software maker’s stock valued at $182,000 after buying an additional 2,085 shares in the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

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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