New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $59.04, for a total transaction of $295,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, November 20th, Mark Sachleben sold 1,645 shares of New Relic stock. The shares were sold at an average price of $55.13, for a total transaction of $90,688.85.
  • On Thursday, November 16th, Mark Sachleben sold 2,238 shares of New Relic stock. The shares were sold at an average price of $55.53, for a total transaction of $124,276.14.
  • On Monday, November 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $52.55, for a total transaction of $525,500.00.
  • On Thursday, November 9th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $52.98, for a total transaction of $264,900.00.
  • On Monday, October 23rd, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $52.40, for a total transaction of $262,000.00.
  • 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $48.31, for a total transaction of $40,387.16.

New Relic, Inc. (NYSE NEWR) opened at $59.19 on Tuesday. New Relic, Inc. has a 52 week low of $27.85 and a 52 week high of $59.57.

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

Several research firms recently weighed in on NEWR. KeyCorp began coverage on shares of New Relic in a research report on Tuesday, September 19th. They set an “overweight” rating and a $52.00 price objective for the company. UBS AG upped 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. BidaskClub cut shares of New Relic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. 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, Zacks Investment Research raised shares of New Relic from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, October 4th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $53.58.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. raised its stake in New Relic by 1.8% during the second quarter. D.A. Davidson & CO. now owns 7,907 shares of the software maker’s stock worth $340,000 after acquiring an additional 142 shares in the last quarter. Macquarie Group Ltd. raised its stake in New Relic by 0.8% during the second quarter. Macquarie Group Ltd. now owns 41,109 shares of the software maker’s stock worth $1,768,000 after acquiring an additional 313 shares in the last quarter. Suntrust Banks Inc. raised its stake in New Relic by 4.8% during the second quarter. Suntrust Banks Inc. now owns 9,582 shares of the software maker’s stock worth $411,000 after acquiring an additional 442 shares in the last quarter. Botty Investors LLC raised its stake in New Relic by 23.5% during the second quarter. Botty Investors LLC now owns 2,809 shares of the software maker’s stock worth $121,000 after acquiring an additional 535 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in New Relic by 1.4% during the first quarter. Teachers Advisors LLC now owns 58,125 shares of the software maker’s stock worth $2,155,000 after acquiring an additional 811 shares in the last quarter. 77.22% of the stock is owned by hedge funds and other institutional investors.

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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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