New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $45.37, for a total value of $226,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, July 18th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $48.14, for a total value of $240,700.00.
  • On Wednesday, July 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $46.68, for a total value of $466,800.00.
  • On Thursday, July 6th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $43.09, for a total value of $215,450.00.
  • On Tuesday, June 20th, Mark Sachleben sold 1,370 shares of New Relic stock. The stock was sold at an average price of $43.44, for a total value of $59,512.80.
  • On Friday, June 16th, Mark Sachleben sold 833 shares of New Relic stock. The stock was sold at an average price of $41.34, for a total value of $34,436.22.
  • On Monday, June 12th, Mark Sachleben sold 11,500 shares of New Relic stock. The stock was sold at an average price of $40.21, for a total value of $462,415.00.
  • On Monday, June 5th, Mark Sachleben sold 3,500 shares of New Relic stock. The stock was sold at an average price of $44.13, for a total value of $154,455.00.
  • On Tuesday, May 30th, Mark Sachleben sold 3,500 shares of New Relic stock. The stock was sold at an average price of $44.56, for a total value of $155,960.00.
  • On Thursday, May 18th, Mark Sachleben sold 582 shares of New Relic stock. The stock was sold at an average price of $41.05, for a total value of $23,891.10.
  • On Tuesday, May 16th, Mark Sachleben sold 1,050 shares of New Relic stock. The stock was sold at an average price of $44.68, for a total value of $46,914.00.

Shares of New Relic, Inc. (NYSE NEWR) traded down 0.86% during midday trading on Friday, hitting $46.12. The stock had a trading volume of 1,880,404 shares. New Relic, Inc. has a 1-year low of $27.85 and a 1-year high of $49.19. The firm has a 50-day moving average price of $45.07 and a 200-day moving average price of $40.13. The firm’s market cap is $2.47 billion.

New Relic (NYSE:NEWR) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. New Relic had a negative return on equity of 30.80% and a negative net margin of 23.18%. The company had revenue of $80.10 million for the quarter, compared to analyst estimates of $78.09 million. During the same period last year, the company earned ($0.20) earnings per share. The business’s revenue was up 36.7% compared to the same quarter last year. On average, equities analysts anticipate that New Relic, Inc. will post ($0.27) EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in New Relic by 1.3% in the first quarter. FMR LLC now owns 7,916,649 shares of the software maker’s stock valued at $293,470,000 after buying an additional 99,245 shares during the period. Vanguard Group Inc. raised its position in New Relic by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,643,448 shares of the software maker’s stock valued at $97,993,000 after buying an additional 94,562 shares during the period. Champlain Investment Partners LLC raised its position in New Relic by 21.3% in the first quarter. Champlain Investment Partners LLC now owns 1,682,895 shares of the software maker’s stock valued at $62,385,000 after buying an additional 295,085 shares during the period. Clearbridge Investments LLC raised its position in New Relic by 377.8% in the first quarter. Clearbridge Investments LLC now owns 1,368,733 shares of the software maker’s stock valued at $50,739,000 after buying an additional 1,082,245 shares during the period. Finally, Bank of New York Mellon Corp raised its position in New Relic by 24.4% in the second quarter. Bank of New York Mellon Corp now owns 1,307,282 shares of the software maker’s stock valued at $56,226,000 after buying an additional 256,257 shares during the period. Institutional investors own 71.35% of the company’s stock.

Several equities research analysts have commented on NEWR shares. Robert W. Baird upped their price target on New Relic from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, April 6th. Zacks Investment Research upgraded New Relic from a “sell” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Wednesday, April 12th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $46.00 price target (up from $40.00) on shares of New Relic in a research note on Friday, May 12th. CIBC upped their price target on New Relic from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, Stephens started coverage on New Relic in a research note on Thursday, May 25th. They set an “overweight” rating and a $55.00 price target for the company. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $47.10.

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.

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

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