New Relic Inc. (NYSE:NEWR) VP Robin Schulman sold 493 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $33.70, for a total value of $16,614.10. Following the sale, the vice president now directly owns 397 shares in the company, valued at approximately $13,378.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Robin Schulman also recently made the following trade(s):

  • On Wednesday, November 9th, Robin Schulman sold 2,601 shares of New Relic stock. The stock was sold at an average price of $33.55, for a total value of $87,263.55.
  • On Tuesday, September 20th, Robin Schulman sold 326 shares of New Relic stock. The stock was sold at an average price of $37.70, for a total value of $12,290.20.
  • On Monday, September 19th, Robin Schulman sold 1,599 shares of New Relic stock. The stock was sold at an average price of $37.84, for a total value of $60,506.16.
  • On Friday, September 9th, Robin Schulman sold 4,900 shares of New Relic stock. The stock was sold at an average price of $37.98, for a total value of $186,102.00.
  • On Friday, August 19th, Robin Schulman sold 812 shares of New Relic stock. The stock was sold at an average price of $35.02, for a total value of $28,436.24.

New Relic Inc. (NYSE:NEWR) traded down 0.935% during mid-day trading on Friday, hitting $34.425. The company had a trading volume of 827,187 shares. The firm’s market cap is $1.79 billion. The stock’s 50 day moving average price is $35.59 and its 200 day moving average price is $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) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.08. The firm earned $63.40 million during the quarter, compared to the consensus estimate of $61.93 million. New Relic had a negative return on equity of 34.47% and a negative net margin of 31.38%. New Relic’s revenue for the quarter was up 47.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.17) earnings per share. On average, equities research analysts predict that New Relic Inc. will post ($0.59) EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas increased 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 worth $101,000 after buying an additional 737 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its stake 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 during the last quarter. SG Americas Securities LLC purchased a new stake in shares of New Relic during the third quarter valued at about $211,000. Clinton Group Inc. purchased a new stake in shares of New Relic during the second quarter valued at about $239,000. Finally, Sei Investments Co. boosted its stake in shares of 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. 59.42% of the stock is owned by hedge funds and other institutional investors.

NEWR has been the topic of several research analyst reports. Morgan Stanley set a $43.00 price target on New Relic and gave the stock a “buy” rating in a research report on Wednesday, September 28th. JMP Securities reaffirmed a “buy” rating on shares of New Relic in a research report on Thursday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently 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.

5 Day Chart for NYSE:NEWR

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