New Relic Inc. (NYSE:NEWR) CFO Mark Sachleben sold 1,039 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $33.71, for a total transaction of $35,024.69. Following the sale, the chief financial officer now owns 936 shares of the company’s stock, valued at approximately $31,552.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, November 7th, Mark Sachleben sold 3,500 shares of New Relic stock. The stock was sold at an average price of $32.78, for a total transaction of $114,730.00.
  • 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 transaction of $127,190.00.
  • On Monday, October 17th, Mark Sachleben sold 8,000 shares of New Relic stock. The shares were sold at an average price of $35.33, for a total transaction of $282,640.00.
  • 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.

New Relic Inc. (NYSE:NEWR) traded down 2.30% during mid-day trading on Friday, reaching $33.95. 600,992 shares of the company’s stock traded hands. The company’s market capitalization is $1.77 billion. The company has a 50-day moving average of $35.59 and a 200-day moving average of $33.21. New Relic Inc. has a 52-week low of $20.39 and a 52-week high of $38.72.

New Relic (NYSE:NEWR) last issued its quarterly earnings results on Monday, November 7th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates 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 34.47%. The business’s revenue for the quarter was up 47.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) EPS. Equities research analysts expect that New Relic Inc. will post ($0.59) EPS for the current year.

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

Several hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake 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 worth $101,000 after buying an additional 737 shares in the last quarter. Paradigm Asset Management Co. LLC raised 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 in the last quarter. SG Americas Securities LLC acquired a new stake in New Relic during the third quarter valued at approximately $211,000. Sei Investments Co. raised 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 in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in New Relic during the third quarter valued at approximately $253,000. 59.42% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the stock. Morgan Stanley set a $43.00 price objective on shares of New Relic and gave the stock a “buy” rating in a research note on Wednesday, September 28th. JMP Securities reissued a “buy” rating on shares of New Relic in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $38.11.

About New Relic

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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