New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 445 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.89, for a total transaction of $22,201.05. Following the sale, the vice president now owns 1,022 shares of the company’s stock, valued at approximately $50,987.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robin Schulman also recently made the following trade(s):

  • On Wednesday, September 20th, Robin Schulman sold 488 shares of New Relic stock. The stock was sold at an average price of $48.59, for a total transaction of $23,711.92.
  • On Monday, September 18th, Robin Schulman sold 1,349 shares of New Relic stock. The stock was sold at an average price of $48.78, for a total transaction of $65,804.22.
  • On Friday, August 18th, Robin Schulman sold 1,136 shares of New Relic stock. The stock was sold at an average price of $45.32, for a total transaction of $51,483.52.
  • On Wednesday, August 16th, Robin Schulman sold 1,745 shares of New Relic stock. The stock was sold at an average price of $46.24, for a total transaction of $80,688.80.
  • On Tuesday, August 1st, Robin Schulman sold 667 shares of New Relic stock. The stock was sold at an average price of $47.03, for a total transaction of $31,369.01.
  • On Wednesday, July 12th, Robin Schulman sold 5,534 shares of New Relic stock. The stock was sold at an average price of $46.98, for a total transaction of $259,987.32.

New Relic, Inc. (NEWR) opened at 50.30 on Thursday. New Relic, Inc. has a 52-week low of $27.85 and a 52-week high of $51.31. The company’s market capitalization is $2.74 billion. The stock has a 50 day moving average of $48.34 and a 200-day moving average of $43.98.

New Relic (NYSE:NEWR) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. New Relic had a negative return on equity of 29.19% and a negative net margin of 20.68%. The company had revenue of $80.10 million during the quarter, compared to the consensus estimate of $78.09 million. During the same period in the previous year, the company posted ($0.20) EPS. The firm’s revenue was up 36.7% on a year-over-year basis. On average, equities research analysts anticipate that New Relic, Inc. will post ($0.25) earnings per share for the current fiscal year.

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NEWR has been the subject of a number of research reports. Morgan Stanley lowered shares of New Relic from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $45.00 to $48.00 in a research report on Thursday, July 20th. They noted that the move was a valuation call. BidaskClub lowered shares of New Relic from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Robert W. Baird set a $55.00 target price on shares of New Relic and gave the stock a “buy” rating in a research report on Monday, September 11th. KeyCorp initiated coverage on shares of New Relic in a research report on Tuesday, September 19th. They set an “overweight” rating and a $52.00 target price for the company. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $50.00 target price on shares of New Relic in a research report on Tuesday, September 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.17.

Several hedge funds and other institutional investors have recently bought and sold shares of NEWR. Clearbridge Investments LLC boosted its position in shares of New Relic by 377.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,368,733 shares of the software maker’s stock valued at $50,739,000 after acquiring an additional 1,082,245 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of New Relic during the 1st quarter valued at approximately $18,611,000. Hunt Lane Capital LP bought a new position in shares of New Relic during the 2nd quarter valued at approximately $18,752,000. Paulson & CO. Inc. bought a new position in shares of New Relic during the 2nd quarter valued at approximately $15,195,000. Finally, Champlain Investment Partners LLC boosted its position in shares of New Relic by 21.3% during the 1st quarter. Champlain Investment Partners LLC now owns 1,682,895 shares of the software maker’s stock valued at $62,385,000 after acquiring an additional 295,085 shares during the last quarter. Hedge funds and other institutional investors own 74.82% 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.

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

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