New Relic Inc. (NYSE:NEWR) CFO Mark Sachleben sold 1,369 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $37.70, for a total value of $51,611.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, September 19th, Mark Sachleben sold 8,834 shares of New Relic stock. The shares were sold at an average price of $37.41, for a total value of $330,479.94.
  • On Tuesday, September 6th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $37.49, for a total value of $131,215.00.
  • On Monday, August 29th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $36.09, for a total value of $126,315.00.
  • On Thursday, August 18th, Mark Sachleben sold 580 shares of New Relic stock. The shares were sold at an average price of $34.93, for a total value of $20,259.40.
  • On Tuesday, August 16th, Mark Sachleben sold 1,056 shares of New Relic stock. The shares were sold at an average price of $35.42, for a total value of $37,403.52.
  • On Monday, August 15th, Mark Sachleben sold 8,000 shares of New Relic stock. The shares were sold at an average price of $34.91, for a total value of $279,280.00.
  • On Wednesday, August 17th, Mark Sachleben sold 9,526 shares of New Relic stock. The shares were sold at an average price of $34.99, for a total value of $333,314.74.
  • On Monday, August 8th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $35.36, for a total value of $123,760.00.
  • On Monday, July 25th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $33.84, for a total transaction of $118,440.00.
  • On Monday, July 18th, Mark Sachleben sold 8,000 shares of New Relic stock. The shares were sold at an average price of $32.09, for a total transaction of $256,720.00.

Shares of New Relic Inc. (NYSE:NEWR) traded up 1.96% on Wednesday, reaching $38.00. 241,655 shares of the company’s stock were exchanged. New Relic Inc. has a 12 month low of $20.39 and a 12 month high of $40.13. The company’s market cap is $1.93 billion. The firm’s 50-day moving average price is $36.17 and its 200 day moving average price is $30.20.

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New Relic (NYSE:NEWR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.03. New Relic had a negative net margin of 34.91% and a negative return on equity of 34.30%. The company had revenue of $58.60 million for the quarter, compared to analyst estimates of $56.96 million. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The company’s quarterly revenue was up 53.8% compared to the same quarter last year. Equities research analysts predict that New Relic Inc. will post ($0.62) EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of NEWR. Schwab Charles Investment Management Inc. raised its stake in New Relic by 56.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 69,000 shares of the company’s stock valued at $2,028,000 after buying an additional 24,778 shares during the period. Pine River Capital Management L.P. acquired a new stake in New Relic during the second quarter valued at about $837,000. Metropolitan Life Insurance Co. NY acquired a new stake in New Relic during the second quarter valued at about $472,000. Point72 Asset Management L.P. acquired a new stake in New Relic during the second quarter valued at about $4,998,000. Finally, EverPoint Asset Management LLC acquired a new stake in New Relic during the second quarter valued at about $2,938,000. 58.44% of the stock is currently owned by institutional investors.

NEWR has been the subject of several research reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of New Relic in a research note on Saturday, June 4th. Cowen and Company initiated coverage on shares of New Relic in a research note on Friday, June 24th. They issued an “outperform” rating and a $38.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. New Relic currently has a consensus rating of “Buy” and a consensus target price of $38.00.

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.

5 Day Chart for NYSE:NEWR

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