New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $52.40, for a total transaction of $262,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, October 11th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $50.78, for a total transaction of $507,800.00.
  • On Thursday, October 5th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $50.40, for a total transaction of $252,000.00.
  • On Monday, September 25th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $47.69, for a total transaction of $238,450.00.
  • On Wednesday, September 20th, Mark Sachleben sold 1,367 shares of New Relic stock. The shares were sold at an average price of $48.59, for a total transaction of $66,422.53.
  • On Monday, September 18th, Mark Sachleben sold 836 shares of New Relic stock. The shares were sold at an average price of $48.31, for a total transaction of $40,387.16.
  • On Wednesday, September 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $49.70, for a total transaction of $497,000.00.
  • On Thursday, September 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $48.08, for a total transaction of $240,400.00.
  • On Monday, August 21st, Mark Sachleben sold 6,913 shares of New Relic stock. The shares were sold at an average price of $45.89, for a total transaction of $317,237.57.
  • On Wednesday, August 16th, Mark Sachleben sold 1,753 shares of New Relic stock. The stock was sold at an average price of $45.93, for a total transaction of $80,515.29.
  • On Wednesday, August 9th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $44.60, for a total transaction of $446,000.00.

New Relic, Inc. (NYSE:NEWR) traded down 1.82% during mid-day trading on Monday, reaching $51.11. 228,956 shares of the company’s stock traded hands. The stock’s market cap is $2.79 billion. The company has a 50 day moving average price of $49.54 and a 200-day moving average price of $45.16. New Relic, Inc. has a 12 month low of $27.85 and a 12 month high of $52.74.

New Relic (NYSE:NEWR) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.09) earnings per share for the quarter, beating the 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 business had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $78.09 million. During the same period last year, the business earned ($0.20) EPS. The business’s revenue was up 36.7% on a year-over-year basis. On average, analysts anticipate that New Relic, Inc. will post ($0.25) EPS for the current year.

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A number of brokerages have recently commented on NEWR. Morgan Stanley lowered shares of New Relic from an “overweight” rating to an “equal weight” rating and boosted their price objective 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. KeyCorp began coverage on shares of New Relic in a research report on Tuesday, September 19th. They issued an “overweight” rating and a $52.00 price objective on the stock. UBS AG boosted their price objective on shares of New Relic from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, August 4th. Robert W. Baird set a $55.00 price objective on shares of New Relic and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, BidaskClub lowered shares of New Relic from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. New Relic currently has an average rating of “Buy” and a consensus price target of $51.62.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its stake in shares of New Relic by 166.6% during the 3rd quarter. Nationwide Fund Advisors now owns 44,321 shares of the software maker’s stock worth $2,207,000 after purchasing an additional 27,695 shares during the period. Glynn Capital Management LLC raised its stake in shares of New Relic by 21.1% during the 3rd quarter. Glynn Capital Management LLC now owns 311,227 shares of the software maker’s stock worth $15,499,000 after purchasing an additional 54,217 shares during the period. Exane Derivatives bought a new stake in shares of New Relic during the 3rd quarter worth $799,000. Ardsley Advisory Partners bought a new stake in shares of New Relic during the 2nd quarter worth $430,000. Finally, Paulson & CO. Inc. bought a new stake in shares of New Relic during the 2nd quarter worth $15,195,000. Institutional investors own 74.11% of the company’s stock.

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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