New Relic Inc (NYSE:NEWR) insider James R. Gochee sold 4,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $105.88, for a total transaction of $423,520.00. Following the completion of the sale, the insider now owns 293,234 shares in the company, valued at $31,047,615.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

James R. Gochee also recently made the following trade(s):

  • On Tuesday, February 19th, James R. Gochee sold 1,624 shares of New Relic stock. The stock was sold at an average price of $106.82, for a total transaction of $173,475.68.

Shares of NYSE:NEWR opened at $105.18 on Friday. New Relic Inc has a 12 month low of $68.89 and a 12 month high of $114.78. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.23. The firm has a market cap of $6.03 billion, a P/E ratio of -142.14 and a beta of 1.04.

New Relic (NYSE:NEWR) last released its earnings results on Wednesday, February 6th. The software maker reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $124.00 million during the quarter, compared to the consensus estimate of $120.18 million. New Relic had a negative net margin of 6.96% and a negative return on equity of 6.08%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share. Research analysts predict that New Relic Inc will post -0.32 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. QS Investors LLC grew its position in New Relic by 1.0% in the fourth quarter. QS Investors LLC now owns 10,092 shares of the software maker’s stock valued at $818,000 after purchasing an additional 100 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of New Relic by 33.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 400 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the period. OLD National Bancorp IN grew its position in shares of New Relic by 4.1% in the 4th quarter. OLD National Bancorp IN now owns 2,592 shares of the software maker’s stock valued at $210,000 after acquiring an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of New Relic by 9.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,797 shares of the software maker’s stock valued at $226,000 after acquiring an additional 244 shares during the period. Finally, Centre Asset Management LLC grew its position in shares of New Relic by 8.8% in the 4th quarter. Centre Asset Management LLC now owns 3,200 shares of the software maker’s stock valued at $259,000 after acquiring an additional 260 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on NEWR. Wedbush restated an “outperform” rating and set a $124.00 price objective on shares of New Relic in a report on Wednesday, February 27th. Robert W. Baird raised their price objective on shares of New Relic from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Zacks Investment Research upgraded shares of New Relic from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective on the stock in a report on Tuesday, February 12th. JMP Securities restated a “hold” rating on shares of New Relic in a report on Monday, February 11th. Finally, Oppenheimer raised their price objective on shares of New Relic from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, February 7th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. New Relic has a consensus rating of “Buy” and an average target price of $112.64.

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New Relic Company Profile

New Relic, Inc, a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.

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

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