New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 10,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $44.60, for a total value of $446,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, August 3rd, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $45.37, for a total value of $226,850.00.
  • On Tuesday, July 18th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $48.14, for a total value of $240,700.00.
  • 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.

New Relic, Inc. (NYSE NEWR) traded down 0.58% during midday trading on Wednesday, reaching $44.89. The company’s stock had a trading volume of 384,660 shares. The firm’s market capitalization is $2.40 billion. The stock’s 50-day moving average price is $45.46 and its 200 day moving average price is $40.25. New Relic, Inc. has a 1-year low of $27.85 and a 1-year high of $49.19.

New Relic (NYSE:NEWR) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The business had revenue of $80.10 million during the quarter, compared to analysts’ expectations of $78.09 million. New Relic had a negative return on equity of 29.19% and a negative net margin of 20.68%. The business’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) EPS. Equities analysts anticipate that New Relic, Inc. will post ($0.25) EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on NEWR shares. Zacks Investment Research raised New Relic from a “sell” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday, April 12th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $46.00 price objective (up previously from $40.00) on shares of New Relic in a research report on Friday, May 12th. CIBC raised their price objective on New Relic from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Stephens started coverage on New Relic in a research report on Thursday, May 25th. They set an “overweight” rating and a $55.00 price objective on the stock. Finally, Morgan Stanley downgraded New Relic from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $45.00 to $48.00 in a research report on Thursday, July 20th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $47.36.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Botty Investors LLC boosted its position in New Relic by 23.5% in the second quarter. Botty Investors LLC now owns 2,809 shares of the software maker’s stock valued at $121,000 after buying an additional 535 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in New Relic by 507.2% in the second quarter. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker’s stock valued at $164,000 after buying an additional 3,185 shares in the last quarter. Fortaleza Asset Management Inc. boosted its position in New Relic by 73.8% in the first quarter. Fortaleza Asset Management Inc. now owns 4,910 shares of the software maker’s stock valued at $182,000 after buying an additional 2,085 shares in the last quarter. Turner Investments LLC acquired a new position in New Relic during the second quarter valued at about $194,000. Finally, Envestnet Asset Management Inc. boosted its position in New Relic by 203.4% in the first quarter. Envestnet Asset Management Inc. now owns 5,473 shares of the software maker’s stock valued at $204,000 after buying an additional 3,669 shares in the last quarter. 71.33% of the stock is owned by institutional investors and hedge funds.

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.

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

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