New Relic Inc. (NYSE:NEWR) CFO Mark Sachleben sold 8,000 shares of New Relic stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $35.33, for a total transaction of $282,640.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, October 3rd, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $38.00, for a total transaction of $133,000.00.
  • On Monday, September 26th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $37.42, for a total transaction of $130,970.00.
  • On Tuesday, September 20th, Mark Sachleben sold 1,369 shares of New Relic stock. The shares were sold at an average price of $37.70, for a total transaction of $51,611.30.
  • On Monday, September 19th, Mark Sachleben sold 8,834 shares of New Relic stock. The shares were sold at an average price of $37.41, for a total transaction of $330,479.94.
  • On Tuesday, September 6th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $37.49, for a total transaction of $131,215.00.
  • On Monday, August 29th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $36.09, for a total transaction of $126,315.00.
  • On Thursday, August 18th, Mark Sachleben sold 580 shares of New Relic stock. The shares were sold at an average price of $34.93, for a total transaction of $20,259.40.
  • On Tuesday, August 16th, Mark Sachleben sold 1,056 shares of New Relic stock. The shares were sold at an average price of $35.42, for a total transaction of $37,403.52.
  • On Monday, August 15th, Mark Sachleben sold 8,000 shares of New Relic stock. The shares were sold at an average price of $34.91, for a total transaction of $279,280.00.
  • On Wednesday, August 17th, Mark Sachleben sold 9,526 shares of New Relic stock. The shares were sold at an average price of $34.99, for a total transaction of $333,314.74.

New Relic Inc. (NYSE:NEWR) traded down 0.20% during midday trading on Monday, hitting $35.48. 171,255 shares of the company were exchanged. New Relic Inc. has a one year low of $20.39 and a one year high of $40.13. The stock’s market capitalization is $1.80 billion. The firm’s 50-day moving average price is $37.07 and its 200-day moving average price is $31.55.

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 analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $58.60 million for the quarter, compared to the consensus estimate of $56.96 million. New Relic had a negative net margin of 34.91% and a negative return on equity of 34.30%. The business’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) earnings per share. Equities research analysts anticipate 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 commented on NEWR shares. Cowen and Company started coverage on shares of New Relic in a research report on Friday, June 24th. They issued an “outperform” rating and a $38.00 price target on the stock. Morgan Stanley set a $43.00 target price on shares of New Relic and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. New Relic has an average rating of “Buy” and an average price target of $38.50.

A number of large investors have recently made changes to their positions in NEWR. Schwab Charles Investment Management Inc. increased its stake in shares of New Relic by 56.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 69,000 shares of the company’s stock worth $2,028,000 after buying an additional 24,778 shares during the last quarter. Pine River Capital Management L.P. purchased a new stake in shares of New Relic during the second quarter worth about $837,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of New Relic during the second quarter worth about $472,000. Point72 Asset Management L.P. purchased a new stake in shares of New Relic during the second quarter worth about $4,998,000. Finally, EverPoint Asset Management LLC purchased a new stake in shares of New Relic during the second quarter worth about $2,938,000. Hedge funds and other institutional investors own 58.35% 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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