New Relic Inc. (NYSE:NEWR) CFO Mark Sachleben sold 3,500 shares of New Relic stock in a transaction on Monday, November 28th. The stock was sold at an average price of $31.90, for a total transaction of $111,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, November 21st, Mark Sachleben sold 8,000 shares of New Relic stock. The stock was sold at an average price of $33.53, for a total transaction of $268,240.00.
  • On Friday, November 18th, Mark Sachleben sold 585 shares of New Relic stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $37.41, for a total transaction of $330,479.94.

Shares of New Relic Inc. (NYSE:NEWR) traded down 3.89% on Monday, hitting $30.92. 572,013 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $34.87 and its 200 day moving average price is $33.53. The stock’s market cap is $1.61 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) earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $63.40 million for the quarter, compared to analyst estimates of $61.93 million. During the same period last year, the business earned ($0.17) EPS. The company’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)

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Large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System raised its stake in shares of New Relic by 0.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 15,182 shares of the company’s stock worth $446,000 after buying an additional 120 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of New Relic by 1.3% in the second quarter. Parametric Portfolio Associates LLC now owns 14,155 shares of the company’s stock worth $416,000 after buying an additional 176 shares during the last quarter. BlackRock Group LTD raised its stake in shares of New Relic by 5.3% in the third quarter. BlackRock Group LTD now owns 7,493 shares of the company’s stock worth $286,000 after buying an additional 378 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of New Relic by 0.7% in the second quarter. TD Asset Management Inc. now owns 55,380 shares of the company’s stock worth $1,627,000 after buying an additional 400 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised 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 worth $112,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 62.19% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. DA Davidson set a $49.00 price objective on shares of New Relic and gave the company a “buy” rating in a report on Tuesday, November 22nd. Morgan Stanley set a $43.00 price objective on shares of New Relic and gave the company a “buy” rating in a report on Wednesday, September 28th. Guggenheim assumed coverage on shares of New Relic in a report on Friday, November 18th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, JMP Securities reissued a “buy” rating on shares of New Relic in a report on Thursday, November 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $39.20.

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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