New Relic Inc. (NYSE:NEWR) CFO Mark Sachleben sold 8,000 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $33.53, for a total transaction of $268,240.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Friday, November 18th, Mark Sachleben sold 585 shares of New Relic stock. The shares were sold at an average price of $34.68, for a total transaction of $20,287.80.
  • On Wednesday, November 16th, Mark Sachleben sold 1,039 shares of New Relic stock. The shares were sold at an average price of $33.71, for a total transaction of $35,024.69.
  • On Monday, November 7th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were 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 shares were 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.

Shares of New Relic Inc. (NYSE:NEWR) opened at 32.71 on Wednesday. New Relic Inc. has a 1-year low of $20.39 and a 1-year high of $38.72. The company’s market capitalization is $1.70 billion. The company’s 50-day moving average price is $35.21 and its 200-day moving average price is $33.49.

New Relic (NYSE:NEWR) last announced its quarterly earnings results on Monday, November 7th. The company reported ($0.09) EPS for the quarter, beating the Zacks’ 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 firm had revenue of $63.40 million for the quarter, compared to analyst estimates of $61.93 million. During the same period last year, the firm posted ($0.17) earnings per share. The business’s revenue for the quarter was up 47.8% on a year-over-year basis. On average, equities analysts expect 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)

NEWR has been the topic of a number of research reports. Morgan Stanley set a $43.00 target price on shares of New Relic and gave the company a “buy” rating in a research report on Wednesday, September 28th. Guggenheim started coverage on New Relic in a research note on Friday, November 18th. They issued a “buy” rating and a $50.00 price target for the company. JMP Securities reaffirmed a “buy” rating on shares of New Relic in a research note on Thursday, November 17th. Finally, DA Davidson set a $49.00 price target on New Relic and gave the company a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $39.20.

Several hedge funds have recently made changes to their positions in NEWR. Ashford Capital Management Inc. raised its stake in shares of New Relic by 15.7% in the third quarter. Ashford Capital Management Inc. now owns 242,920 shares of the company’s stock worth $9,309,000 after buying an additional 32,920 shares during the last quarter. Credit Suisse AG raised its position in New Relic by 965.5% in the third quarter. Credit Suisse AG now owns 331,639 shares of the company’s stock worth $12,708,000 after buying an additional 300,514 shares in the last quarter. Matrix Capital Management Company LP bought a new position in New Relic during the third quarter worth approximately $185,779,000. Symmetry Peak Management LLC bought a new position in New Relic during the third quarter worth approximately $2,391,000. Finally, Praesidium Investment Management Company LLC bought a new position in New Relic during the third quarter worth approximately $26,303,000. 58.69% of the stock is currently owned by hedge funds and other institutional investors.

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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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