New Relic Inc. (NYSE:NEWR) President Hilarie A. Koplow sold 1,143 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $33.53, for a total transaction of $38,324.79. Following the transaction, the president now directly owns 1,960 shares of the company’s stock, valued at $65,718.80. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hilarie A. Koplow also recently made the following trade(s):

  • On Wednesday, November 16th, Hilarie A. Koplow sold 1,485 shares of New Relic stock. The shares were sold at an average price of $33.73, for a total transaction of $50,089.05.

Shares of New Relic Inc. (NYSE:NEWR) traded down 2.99% during trading on Tuesday, hitting $32.74. 123,689 shares of the stock traded hands. The company’s market cap is $1.71 billion. New Relic Inc. has a 1-year low of $20.39 and a 1-year high of $38.72. The company has a 50 day moving average of $35.35 and a 200-day moving average of $33.43.

New Relic (NYSE:NEWR) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $63.40 million for the quarter, compared to analyst estimates of $61.93 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. The company’s revenue was up 47.8% on a year-over-year basis. On average, equities analysts anticipate 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)

Several analysts recently weighed in on the stock. Morgan Stanley set a $43.00 price objective on shares of New Relic and gave the company a “buy” rating in a research report on Wednesday, September 28th. Guggenheim began coverage on shares of New Relic in a research report on Friday. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, JMP Securities restated a “buy” rating on shares of New Relic in a research report on Thursday, November 17th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. New Relic presently has a consensus rating of “Buy” and an average target price of $38.11.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted 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 worth $3,166,000 after buying an additional 49,674 shares during the last quarter. Swiss National Bank boosted 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 worth $1,157,000 after buying an additional 4,100 shares during the last quarter. Frontier Capital Management Co. LLC boosted 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 worth $4,473,000 after buying an additional 49,060 shares during the last quarter. Charles Stewart Mott Foundation acquired a new position in shares of New Relic during the second quarter valued at $1,309,000. Finally, California State Teachers Retirement System boosted its position in shares of 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. Institutional investors own 58.69% of the company’s stock.

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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