New Relic Inc. (NYSE:NEWR) President Hilarie A. Koplow sold 5,312 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $34.25, for a total value of $181,936.00. Following the transaction, the president now directly owns 7,048 shares of the company’s stock, valued at $241,394. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

New Relic Inc. (NYSE:NEWR) opened at 35.72 on Monday. New Relic Inc. has a 12 month low of $20.39 and a 12 month high of $38.72. The stock’s 50 day moving average price is $36.07 and its 200 day moving average price is $32.99. The firm’s market capitalization is $1.86 billion.

New Relic (NYSE:NEWR) last released its earnings results on Monday, November 7th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.08. New Relic had a negative net margin of 31.38% and a negative return on equity of 34.47%. The business earned $63.40 million during the quarter, compared to analysts’ expectations of $61.93 million. During the same quarter last year, the company earned ($0.17) earnings per share. The firm’s revenue was up 47.8% on a year-over-year basis. On average, analysts forecast that New Relic Inc. will post ($0.59) earnings per share for the current year.

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

Several large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its stake in 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 during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in 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 during the last quarter. SG Americas Securities LLC bought a new stake in New Relic during the third quarter valued at $211,000. Clinton Group Inc. bought a new stake in New Relic during the second quarter valued at $239,000. Finally, Sei Investments Co. boosted its stake in New Relic by 116.0% in the third quarter. Sei Investments Co. now owns 6,431 shares of the company’s stock valued at $246,000 after buying an additional 3,454 shares during the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.

Separately, Morgan Stanley set a $43.00 target price on New Relic and gave the company a “buy” rating in a report on Wednesday, September 28th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. New Relic presently has an average rating of “Buy” and a consensus price target of $38.11.

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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