New Relic Inc. (NYSE:NEWR) CFO Mark Sachleben sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $32.78, for a total value of $114,730.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Monday, October 24th, Mark Sachleben sold 3,500 shares of New Relic stock. The stock was sold at an average price of $36.34, for a total value of $127,190.00.
  • On Monday, October 17th, Mark Sachleben sold 8,000 shares of New Relic stock. The stock was sold at an average price of $35.33, for a total value of $282,640.00.
  • On Monday, October 3rd, Mark Sachleben sold 3,500 shares of New Relic stock. The stock was sold at an average price of $38.00, for a total value of $133,000.00.
  • On Monday, September 26th, Mark Sachleben sold 3,500 shares of New Relic stock. The stock was sold at an average price of $37.42, for a total value of $130,970.00.
  • On Tuesday, September 20th, Mark Sachleben sold 1,369 shares of New Relic stock. The stock was sold at an average price of $37.70, for a total value of $51,611.30.
  • On Monday, September 19th, Mark Sachleben sold 8,834 shares of New Relic stock. The stock was sold at an average price of $37.41, for a total value of $330,479.94.
  • On Tuesday, September 6th, Mark Sachleben sold 3,500 shares of New Relic stock. The stock was sold at an average price of $37.49, for a total value of $131,215.00.
  • On Monday, August 29th, Mark Sachleben sold 3,500 shares of New Relic stock. The stock was sold at an average price of $36.09, for a total value of $126,315.00.
  • On Thursday, August 18th, Mark Sachleben sold 580 shares of New Relic stock. The stock was sold at an average price of $34.93, for a total value of $20,259.40.
  • On Tuesday, August 16th, Mark Sachleben sold 1,056 shares of New Relic stock. The stock was sold at an average price of $35.42, for a total value of $37,403.52.

New Relic Inc. (NYSE:NEWR) opened at 34.99 on Thursday. The company’s market cap is $1.78 billion. New Relic Inc. has a 12-month low of $20.39 and a 12-month high of $38.72. The firm has a 50 day moving average price of $36.23 and a 200 day moving average price of $32.90.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.08. The company earned $63.40 million during the quarter, compared to analyst estimates of $61.93 million. New Relic had a negative net margin of 31.38% and a negative return on equity of 34.29%. The company’s revenue was up 47.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) earnings per share. On average, analysts anticipate that New Relic Inc. will post ($0.62) earnings per share for the current fiscal year.

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

Separately, Morgan Stanley set a $43.00 target price on New Relic and gave the stock a “buy” rating in a research report on Wednesday, September 28th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. New Relic presently has a consensus rating of “Buy” and a consensus price target of $38.50.

Several hedge funds have recently bought and sold shares of the company. Swiss National Bank raised its stake in New Relic by 11.6% in the second quarter. Swiss National Bank now owns 39,397 shares of the company’s stock valued at $1,157,000 after buying an additional 4,100 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in New Relic by 47.5% in the second quarter. Frontier Capital Management Co. LLC now owns 152,241 shares of the company’s stock valued at $4,473,000 after buying an additional 49,060 shares during the last quarter. Charles Stewart Mott Foundation purchased a new stake in New Relic during the second quarter valued at $1,309,000. California State Teachers Retirement System raised its stake in New Relic by 275.5% in the second quarter. California State Teachers Retirement System now owns 46,051 shares of the company’s stock valued at $1,353,000 after buying an additional 33,788 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in New Relic by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 126,142 shares of the company’s stock valued at $3,706,000 after buying an additional 30,519 shares during the last quarter. 58.73% of the stock is owned by institutional investors.

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.

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