New Relic Inc. (NYSE:NEWR) CFO Mark Sachleben sold 585 shares of New Relic stock in a transaction on Friday, November 18th. The stock was sold at an average price of $34.68, for a total value of $20,287.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, November 16th, Mark Sachleben sold 1,039 shares of New Relic stock. The stock was sold at an average price of $33.71, for a total value of $35,024.69.
  • 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 value 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 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.

New Relic Inc. (NYSE:NEWR) traded up 0.09% during midday trading on Monday, reaching $33.87. The company’s stock had a trading volume of 408,147 shares. The firm’s market capitalization is $1.77 billion. The stock’s 50-day moving average price is $35.48 and its 200-day moving average price is $33.26. New Relic Inc. has a 12 month low of $20.39 and a 12 month high of $38.72.

New Relic (NYSE:NEWR) last released its quarterly earnings data on Monday, November 7th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.08. The business earned $63.40 million during the quarter, compared to analyst estimates of $61.93 million. New Relic had a negative return on equity of 34.47% and a negative net margin of 31.38%. The company’s revenue was up 47.8% compared to the same quarter last year. During the same period last year, the company posted ($0.17) EPS. Analysts predict that New Relic Inc. will post ($0.59) EPS for the current year.

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

A number of equities analysts have recently weighed in on NEWR shares. JMP Securities reissued a “buy” rating on shares of New Relic in a report on Thursday. Guggenheim initiated coverage on New Relic in a research note on Friday. They issued a “buy” rating and a $50.00 target price for the company. Finally, Morgan Stanley set a $43.00 target price on New Relic and gave the company a “buy” rating in a research note on Wednesday, September 28th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. New Relic has a consensus rating of “Buy” and a consensus target price of $38.11.

Several large investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its stake in New Relic by 85.5% in the second quarter. Mutual of America Capital Management LLC now owns 107,758 shares of the company’s stock valued at $3,166,000 after buying an additional 49,674 shares in the last quarter. 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 in 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 in the last quarter. Charles Stewart Mott Foundation bought a new stake in New Relic during the second quarter valued at $1,309,000. Finally, 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 in the last quarter. 58.69% of the stock is owned by institutional investors and hedge funds.

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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