New Relic Inc. (NYSE:NEWR) President Hilarie A. Koplow sold 5,312 shares of the business’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $36.84, for a total value of $195,694.08. Following the completion of the transaction, the president now directly owns 7,048 shares of the company’s stock, valued at approximately $259,648.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

New Relic Inc. (NYSE:NEWR) opened at 35.82 on Thursday. The company’s 50 day moving average price is $37.10 and its 200-day moving average price is $31.44. The company’s market capitalization is $1.82 billion. New Relic Inc. has a 52 week low of $20.39 and a 52 week high of $40.13.

New Relic (NYSE:NEWR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.03. New Relic had a negative return on equity of 34.30% and a negative net margin of 34.91%. The firm earned $58.60 million during the quarter, compared to analysts’ expectations of $56.96 million. During the same period last year, the business posted ($0.21) earnings per share. The company’s revenue for the quarter was up 53.8% compared to the same quarter last year. Equities research analysts expect that New Relic Inc. will post ($0.62) earnings per share for the current year.

Insider Buying and Selling by Quarter for New Relic (NYSE:NEWR)

A number of equities analysts have weighed in on NEWR shares. Cowen and Company began coverage on New Relic in a research report on Friday, June 24th. They issued an “outperform” rating and a $38.00 target price for the company. Morgan Stanley set a $43.00 price target on shares of New Relic and gave the company a “buy” rating in a research report on Wednesday, September 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. New Relic presently has an average rating of “Buy” and an average target price of $38.50.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its position in shares of New Relic by 0.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 15,182 shares of the company’s stock valued at $446,000 after buying an additional 120 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of New Relic by 1.3% in the second quarter. Parametric Portfolio Associates LLC now owns 14,155 shares of the company’s stock valued at $416,000 after buying an additional 176 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of New Relic by 0.7% in the second quarter. TD Asset Management Inc. now owns 55,380 shares of the company’s stock valued at $1,627,000 after buying an additional 400 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its position in shares of New Relic by 15.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,800 shares of the company’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of New Relic by 27.4% in the second quarter. Teacher Retirement System of Texas now owns 3,429 shares of the company’s stock valued at $101,000 after buying an additional 737 shares in the last quarter. Hedge funds and other institutional investors own 58.44% of the company’s stock.

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.

5 Day Chart for NYSE:NEWR

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