New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,109 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $51.33, for a total transaction of $56,924.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, October 2nd, Robin Schulman sold 445 shares of New Relic stock. The stock was sold at an average price of $49.89, for a total transaction of $22,201.05.
  • 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.

Shares of New Relic, Inc. (NEWR) opened at 50.67 on Wednesday. The stock’s 50 day moving average is $48.90 and its 200 day moving average is $44.48. New Relic, Inc. has a 12 month low of $27.85 and a 12 month high of $51.97. The firm’s market capitalization is $2.76 billion.

New Relic (NYSE:NEWR) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. New Relic had a negative net margin of 20.68% and a negative return on equity of 29.19%. The business had revenue of $80.10 million for the quarter, compared to the consensus estimate of $78.09 million. During the same period in the prior year, the company posted ($0.20) earnings per share. New Relic’s revenue was up 36.7% compared to the same quarter last year. Equities research analysts forecast that New Relic, Inc. will post ($0.25) earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of New Relic by 1.4% in the second quarter. FMR LLC now owns 8,024,872 shares of the software maker’s stock valued at $345,149,000 after acquiring an additional 108,223 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of New Relic by 7.7% in the second quarter. Vanguard Group Inc. now owns 2,848,100 shares of the software maker’s stock valued at $122,497,000 after acquiring an additional 204,652 shares in the last quarter. Champlain Investment Partners LLC grew its stake in shares of 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 acquiring an additional 295,085 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of 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 acquiring an additional 1,082,245 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 256,257 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

NEWR has been the topic of several research analyst reports. BidaskClub lowered shares of New Relic from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 18th. Robert W. Baird set a $55.00 price target on shares of New Relic and gave the stock a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of New Relic from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, October 4th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $50.00 price target on shares of New Relic in a research report on Tuesday, September 19th. Finally, Morgan Stanley lowered shares of New Relic from an “overweight” rating to an “equal weight” rating and raised their price target 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. New Relic has an average rating of “Buy” and an average price target of $50.17.

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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