New Relic Inc (NYSE:NEWR) VP Robin Schulman sold 569 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $41.95, for a total value of $23,869.55. Following the completion of the transaction, the vice president now owns 577 shares in the company, valued at approximately $24,205.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, May 18th, Robin Schulman sold 246 shares of New Relic stock. The shares were sold at an average price of $41.05, for a total value of $10,098.30.
  • On Tuesday, May 16th, Robin Schulman sold 2,599 shares of New Relic stock. The shares were sold at an average price of $43.72, for a total value of $113,628.28.
  • On Tuesday, May 9th, Robin Schulman sold 2,083 shares of New Relic stock. The shares were sold at an average price of $40.42, for a total value of $84,194.86.
  • On Monday, May 1st, Robin Schulman sold 667 shares of New Relic stock. The shares were sold at an average price of $40.00, for a total value of $26,680.00.
  • On Wednesday, April 19th, Robin Schulman sold 668 shares of New Relic stock. The shares were sold at an average price of $39.98, for a total value of $26,706.64.
  • On Monday, March 20th, Robin Schulman sold 489 shares of New Relic stock. The shares were sold at an average price of $36.50, for a total value of $17,848.50.
  • On Thursday, March 16th, Robin Schulman sold 298 shares of New Relic stock. The shares were sold at an average price of $37.11, for a total value of $11,058.78.
  • On Thursday, March 9th, Robin Schulman sold 3,649 shares of New Relic stock. The shares were sold at an average price of $36.96, for a total value of $134,867.04.
  • On Tuesday, February 21st, Robin Schulman sold 247 shares of New Relic stock. The shares were sold at an average price of $35.72, for a total value of $8,822.84.

New Relic Inc (NYSE:NEWR) traded up 2.57% during mid-day trading on Friday, reaching $42.76. The company’s stock had a trading volume of 299,396 shares. The company has a 50-day moving average price of $40.14 and a 200-day moving average price of $35.17. New Relic Inc has a 12-month low of $25.78 and a 12-month high of $44.94. The firm’s market cap is $2.27 billion.

New Relic (NYSE:NEWR) last announced its earnings results on Tuesday, May 9th. The software maker reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The business had revenue of $73.30 million during the quarter, compared to analyst estimates of $73.04 million. New Relic had a negative net margin of 26.90% and a negative return on equity of 32.99%. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS. On average, equities research analysts expect that New Relic Inc will post ($0.27) earnings per share for the current year.

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

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A number of analysts recently commented on the company. Zacks Investment Research downgraded New Relic from a “buy” rating to a “hold” rating in a research report on Tuesday. CIBC increased their price target on New Relic from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $46.00 price target (up from $40.00) on shares of New Relic in a research report on Friday, May 12th. Robert W. Baird increased their price target on New Relic from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, April 6th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $44.00 price target (up from $38.00) on shares of New Relic in a research report on Wednesday, February 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. New Relic has an average rating of “Buy” and an average target price of $45.50.

A number of large investors have recently made changes to their positions in the stock. Matrix Capital Management Company LP bought a new stake in shares of New Relic during the third quarter worth $185,779,000. Champlain Investment Partners LLC bought a new stake in shares of New Relic during the fourth quarter worth $39,206,000. Praesidium Investment Management Company LLC bought a new stake in shares of New Relic during the third quarter worth $26,303,000. Peregrine Capital Management LLC bought a new stake in shares of New Relic during the first quarter worth $18,867,000. Finally, Arrowpoint Asset Management LLC raised its stake in shares of New Relic by 53.9% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,463,224 shares of the software maker’s stock worth $41,336,000 after buying an additional 512,292 shares in the last quarter. Institutional investors and hedge funds own 63.71% of the company’s stock.

About New Relic

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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