New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $48.14, for a total value of $240,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, July 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $46.68, for a total value of $466,800.00.
  • On Thursday, July 6th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $43.09, for a total value of $215,450.00.
  • On Tuesday, June 20th, Mark Sachleben sold 1,370 shares of New Relic stock. The shares were sold at an average price of $43.44, for a total value of $59,512.80.
  • On Friday, June 16th, Mark Sachleben sold 833 shares of New Relic stock. The shares were sold at an average price of $41.34, for a total value of $34,436.22.
  • On Monday, June 12th, Mark Sachleben sold 11,500 shares of New Relic stock. The shares were sold at an average price of $40.21, for a total value of $462,415.00.
  • On Monday, June 5th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $44.13, for a total value of $154,455.00.
  • On Tuesday, May 30th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $44.56, for a total value of $155,960.00.
  • On Thursday, May 18th, Mark Sachleben sold 582 shares of New Relic stock. The shares were sold at an average price of $41.05, for a total value of $23,891.10.
  • On Tuesday, May 16th, Mark Sachleben sold 1,050 shares of New Relic stock. The shares were sold at an average price of $44.68, for a total value of $46,914.00.
  • On Monday, May 8th, Mark Sachleben sold 3,500 shares of New Relic stock. The shares were sold at an average price of $41.44, for a total value of $145,040.00.

Shares of New Relic, Inc. (NYSE NEWR) traded up 0.12% during trading on Tuesday, hitting $48.34. The company’s stock had a trading volume of 1,114,923 shares. The firm’s 50 day moving average price is $43.07 and its 200-day moving average price is $37.36. The company’s market cap is $2.59 billion. New Relic, Inc. has a 52 week low of $27.85 and a 52 week high of $48.62.

New Relic (NYSE:NEWR) last posted its earnings results on Tuesday, May 9th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The firm 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 23.18% and a negative return on equity of 30.80%. New Relic’s revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.24) EPS. On average, analysts predict that New Relic, Inc. will post ($0.27) earnings per share for the current year.

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Several equities analysts recently commented on NEWR shares. Oppenheimer Holdings, Inc. set a $40.00 target price on New Relic and gave the company a “buy” rating in a report on Tuesday, April 4th. Zacks Investment Research raised New Relic from a “sell” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Wednesday, April 12th. Robert W. Baird increased their target price on New Relic from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, April 6th. CIBC raised their price objective on New Relic from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Stephens started coverage on New Relic in a report on Thursday, May 25th. They set an “overweight” rating and a $55.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.70.

Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC raised its stake in shares of New Relic by 98.3% in the first quarter. Citadel Advisors LLC now owns 25,024 shares of the software maker’s stock worth $928,000 after buying an additional 12,405 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of New Relic during the fourth quarter worth $2,270,000. Clearbridge Investments LLC raised its stake in shares of New Relic by 377.8% in the first quarter. Clearbridge Investments LLC now owns 1,368,733 shares of the software maker’s stock worth $50,739,000 after buying an additional 1,082,245 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of New Relic by 66.4% in the first quarter. Bank of New York Mellon Corp now owns 1,051,025 shares of the software maker’s stock worth $38,961,000 after buying an additional 419,316 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of New Relic during the fourth quarter worth $212,000. 70.59% of the stock is owned by institutional investors.

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.

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

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