New Relic Inc. (NYSE:NEWR) VP Robin Schulman sold 573 shares of New Relic stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $33.53, for a total transaction of $19,212.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, November 18th, Robin Schulman sold 248 shares of New Relic stock. The shares were sold at an average price of $34.68, for a total transaction of $8,600.64.
  • On Wednesday, November 16th, Robin Schulman sold 493 shares of New Relic stock. The shares were sold at an average price of $33.70, for a total transaction of $16,614.10.
  • On Wednesday, November 9th, Robin Schulman sold 2,601 shares of New Relic stock. The shares were sold at an average price of $33.55, for a total transaction of $87,263.55.
  • On Tuesday, September 20th, Robin Schulman sold 326 shares of New Relic stock. The shares were sold at an average price of $37.70, for a total transaction of $12,290.20.
  • On Monday, September 19th, Robin Schulman sold 1,599 shares of New Relic stock. The shares were sold at an average price of $37.84, for a total transaction of $60,506.16.
  • On Friday, September 9th, Robin Schulman sold 4,900 shares of New Relic stock. The shares were sold at an average price of $37.98, for a total transaction of $186,102.00.

Shares of New Relic Inc. (NYSE:NEWR) traded down 0.27% during trading on Monday, hitting $33.75. 730,563 shares of the company were exchanged. The company’s 50-day moving average price is $35.35 and its 200 day moving average price is $33.43. The stock’s market cap is $1.76 billion. New Relic Inc. has a 12 month low of $20.39 and a 12 month high of $38.72.

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

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

Several institutional investors have recently made changes to their positions in NEWR. JPMorgan Chase & Co. increased its position in shares of New Relic by 183.9% in the first quarter. JPMorgan Chase & Co. now owns 116,964 shares of the company’s stock valued at $3,050,000 after buying an additional 75,761 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of New Relic by 671.0% in the first quarter. Goldman Sachs Group Inc. now owns 49,123 shares of the company’s stock valued at $1,281,000 after buying an additional 42,752 shares during the last quarter. Hamilton Lane Advisors LLC increased its position in shares of New Relic by 12.8% in the second quarter. Hamilton Lane Advisors LLC now owns 58,548 shares of the company’s stock valued at $1,766,000 after buying an additional 6,659 shares during the last quarter. Strs Ohio increased its position in shares of New Relic by 8.3% in the second quarter. Strs Ohio now owns 24,700 shares of the company’s stock valued at $725,000 after buying an additional 1,900 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of New Relic by 17.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,500 shares of the company’s stock valued at $749,000 after buying an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 58.69% of the company’s stock.

Several research firms have commented on NEWR. Guggenheim began coverage on shares of New Relic in a research note on Friday. They issued a “buy” rating and a $50.00 price target for the company. JMP Securities restated a “buy” rating on shares of New Relic in a research note on Thursday. Finally, Morgan Stanley set a $43.00 price target on shares of New Relic and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average 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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