New Relic Inc. (NYSE:NEWR) VP Robin Schulman sold 326 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $37.70, for a total value of $12,290.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, September 19th, Robin Schulman sold 1,599 shares of New Relic stock. The shares were sold at an average price of $37.84, for a total value of $60,506.16.
  • On Friday, September 9th, Robin Schulman sold 4,900 shares of New Relic stock. The shares were sold at an average price of $37.98, for a total value of $186,102.00.
  • On Friday, August 19th, Robin Schulman sold 812 shares of New Relic stock. The shares were sold at an average price of $35.02, for a total value of $28,436.24.
  • On Tuesday, August 16th, Robin Schulman sold 502 shares of New Relic stock. The shares were sold at an average price of $35.40, for a total value of $17,770.80.
  • On Wednesday, August 17th, Robin Schulman sold 1,334 shares of New Relic stock. The shares were sold at an average price of $35.39, for a total value of $47,210.26.
  • On Tuesday, August 9th, Robin Schulman sold 3,125 shares of New Relic stock. The shares were sold at an average price of $34.95, for a total value of $109,218.75.

New Relic Inc. (NYSE:NEWR) traded up 1.96% on Wednesday, reaching $38.00. The company’s stock had a trading volume of 241,655 shares. New Relic Inc. has a 52 week low of $20.39 and a 52 week high of $40.13. The stock’s market capitalization is $1.93 billion. The firm has a 50 day moving average price of $36.17 and a 200 day moving average price of $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 Zacks’ 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 earned $58.60 million during the quarter, compared to the consensus estimate of $56.96 million. During the same period last year, the firm earned ($0.21) EPS. The company’s revenue for the quarter was up 53.8% on a year-over-year basis. On average, equities analysts anticipate that New Relic Inc. will post ($0.62) EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of New Relic by 27.4% in the second quarter. Teacher Retirement System of Texas now owns 3,429 shares of the company’s stock valued at $101,000 after buying an additional 737 shares in the last quarter. Paradigm Asset Management Co. LLC increased its position in shares of New Relic by 15.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,800 shares of the company’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. Clinton Group Inc. bought a new position in shares of New Relic during the second quarter valued at about $239,000. UBS Asset Management Americas Inc. bought a new position in shares of New Relic during the second quarter valued at about $247,000. Finally, Citigroup Inc. increased its position in shares of New Relic by 62.6% in the second quarter. Citigroup Inc. now owns 9,775 shares of the company’s stock valued at $287,000 after buying an additional 3,763 shares in the last quarter. Hedge funds and other institutional investors own 58.44% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Oppenheimer Holdings Inc. restated a “buy” rating on shares of New Relic in a research report on Saturday, June 4th. Cowen and Company began coverage on New Relic in a research report on Friday, June 24th. They issued an “outperform” rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average 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.

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