New Relic Inc (NYSE:NEWR) CEO Lewis Cirne sold 500 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $91.50, for a total transaction of $45,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lewis Cirne also recently made the following trade(s):

  • On Wednesday, July 3rd, Lewis Cirne sold 17,000 shares of New Relic stock. The stock was sold at an average price of $90.10, for a total transaction of $1,531,700.00.
  • On Tuesday, June 4th, Lewis Cirne sold 19,500 shares of New Relic stock. The stock was sold at an average price of $97.72, for a total transaction of $1,905,540.00.
  • On Thursday, May 2nd, Lewis Cirne sold 21,000 shares of New Relic stock. The stock was sold at an average price of $104.75, for a total transaction of $2,199,750.00.

Shares of NYSE:NEWR opened at $95.78 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 1.16. The stock’s fifty day moving average is $94.79. New Relic Inc has a fifty-two week low of $70.30 and a fifty-two week high of $114.78. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of -308.97 and a beta of 0.82.

New Relic (NYSE:NEWR) last issued its earnings results on Tuesday, May 14th. The software maker reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. New Relic had a negative net margin of 8.53% and a negative return on equity of 6.57%. The firm had revenue of $132.10 million during the quarter, compared to analyst estimates of $128.19 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. New Relic’s revenue for the quarter was up 34.2% on a year-over-year basis. Equities research analysts anticipate that New Relic Inc will post -0.56 EPS for the current year.

A number of analysts have recently issued reports on NEWR shares. ValuEngine cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $87.00 price objective on shares of LivaNova in a research note on Wednesday, May 15th. Wedbush reissued an “outperform” rating and issued a $124.00 price objective on shares of New Relic in a research note on Wednesday, May 15th. Zacks Investment Research cut shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, Goldman Sachs Group started coverage on shares of HubSpot in a research report on Friday, June 7th. They set a “buy” rating and a $223.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. New Relic presently has an average rating of “Buy” and an average target price of $115.17.

A number of hedge funds have recently added to or reduced their stakes in NEWR. Vanguard Group Inc boosted its position in shares of New Relic by 11.5% during the 3rd quarter. Vanguard Group Inc now owns 4,552,159 shares of the software maker’s stock valued at $428,950,000 after acquiring an additional 468,506 shares during the last quarter. Comerica Bank boosted its position in shares of New Relic by 82.7% during the 4th quarter. Comerica Bank now owns 10,497 shares of the software maker’s stock valued at $1,006,000 after acquiring an additional 4,752 shares during the last quarter. LPL Financial LLC boosted its position in shares of New Relic by 31.5% during the 4th quarter. LPL Financial LLC now owns 18,022 shares of the software maker’s stock valued at $1,459,000 after acquiring an additional 4,313 shares during the last quarter. New York State Common Retirement Fund lifted its position in New Relic by 82.0% in the fourth quarter. New York State Common Retirement Fund now owns 95,374 shares of the software maker’s stock valued at $7,722,000 after buying an additional 42,979 shares during the last quarter. Finally, BlackRock Inc. lifted its position in New Relic by 3.1% in the fourth quarter. BlackRock Inc. now owns 3,792,230 shares of the software maker’s stock valued at $307,056,000 after buying an additional 115,500 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

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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