New Relic Inc (NYSE:NEWR) insider James R. Gochee sold 1,788 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $58.96, for a total value of $105,420.48. Following the sale, the insider now owns 127,213 shares in the company, valued at approximately $7,500,478.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

James R. Gochee also recently made the following trade(s):

  • On Wednesday, June 12th, James R. Gochee sold 4,000 shares of New Relic stock. The shares were sold at an average price of $95.50, for a total value of $382,000.00.

Shares of NEWR stock traded down $0.43 during mid-day trading on Monday, hitting $57.07. 1,359,879 shares of the company’s stock were exchanged, compared to its average volume of 986,665. New Relic Inc has a fifty-two week low of $55.60 and a fifty-two week high of $113.34. The stock has a 50-day simple moving average of $83.10 and a two-hundred day simple moving average of $96.20. The company has a quick ratio of 2.90, a current ratio of 2.88 and a debt-to-equity ratio of 1.32. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -184.10 and a beta of 0.83.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. New Relic had a negative return on equity of 8.55% and a negative net margin of 9.93%. The business had revenue of $141.01 million for the quarter, compared to analysts’ expectations of $139.73 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue was up 30.3% on a year-over-year basis. As a group, analysts anticipate that New Relic Inc will post -0.68 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. O Shares Investment Advisers LLC acquired a new position in New Relic in the first quarter valued at $445,000. Boston Advisors LLC boosted its holdings in New Relic by 95.2% in the first quarter. Boston Advisors LLC now owns 28,035 shares of the software maker’s stock valued at $2,767,000 after acquiring an additional 13,670 shares during the last quarter. First Trust Advisors LP boosted its holdings in New Relic by 24.7% in the second quarter. First Trust Advisors LP now owns 1,516,324 shares of the software maker’s stock valued at $131,177,000 after acquiring an additional 300,484 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new position in New Relic in the first quarter valued at $296,000. Finally, Columbus Circle Investors boosted its holdings in New Relic by 293.9% in the first quarter. Columbus Circle Investors now owns 137,638 shares of the software maker’s stock valued at $13,585,000 after acquiring an additional 102,696 shares during the last quarter. Hedge funds and other institutional investors own 74.72% of the company’s stock.

Several equities research analysts have recently issued reports on NEWR shares. Oppenheimer decreased their price objective on New Relic from $125.00 to $109.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley decreased their price objective on New Relic from $115.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. KeyCorp restated a “hold” rating on shares of New Relic in a report on Wednesday, August 7th. Wedbush restated an “outperform” rating and set a $99.00 price objective (down previously from $124.00) on shares of New Relic in a report on Wednesday, August 7th. Finally, Needham & Company LLC set a $120.00 price objective on New Relic and gave the stock a “buy” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. New Relic has a consensus rating of “Hold” and an average target price of $100.50.

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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