New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,797 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $54.44, for a total transaction of $97,828.68. Following the transaction, the vice president now directly owns 1,107 shares in the company, valued at approximately $60,265.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Friday, October 6th, Robin Schulman sold 1,109 shares of New Relic stock. The shares were sold at an average price of $51.33, for a total transaction of $56,924.97.
  • On Monday, October 2nd, Robin Schulman sold 445 shares of New Relic stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $45.32, for a total transaction of $51,483.52.

New Relic, Inc. (NYSE NEWR) traded up $0.33 during trading hours on Friday, reaching $55.68. 437,861 shares of the company’s stock traded hands, compared to its average volume of 361,804. New Relic, Inc. has a 12 month low of $27.85 and a 12 month high of $55.95.

New Relic (NYSE:NEWR) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $84.68 million for the quarter, compared to the consensus estimate of $82.98 million. New Relic had a negative net margin of 19.43% and a negative return on equity of 29.19%. New Relic’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. equities analysts expect that New Relic, Inc. will post -0.98 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Granahan Investment Management Inc. MA purchased a new stake in New Relic during the 3rd quarter worth approximately $269,000. PEAK6 Investments L.P. grew its position in New Relic by 107.6% during the 3rd quarter. PEAK6 Investments L.P. now owns 17,403 shares of the software maker’s stock worth $867,000 after purchasing an additional 9,019 shares during the last quarter. Asset Management One Co. Ltd. grew its position in New Relic by 48.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 14,858 shares of the software maker’s stock worth $731,000 after purchasing an additional 4,859 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in New Relic during the 3rd quarter worth approximately $23,221,000. Finally, NorthRock Partners LLC acquired a new stake in New Relic during the 3rd quarter valued at approximately $356,000. 73.33% of the stock is currently owned by institutional investors.

NEWR has been the topic of a number of research reports. Zacks Investment Research raised shares of New Relic from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Wednesday, October 4th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $50.00 target price on shares of New Relic in a research report on Tuesday, September 19th. Needham & Company LLC initiated coverage on shares of New Relic in a research report on Monday, October 23rd. They set a “buy” rating and a $69.00 target price on the stock. BidaskClub downgraded shares of New Relic from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 18th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $53.23.

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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