New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,136 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $45.32, for a total transaction of $51,483.52. Following the completion of the sale, the vice president now owns 577 shares of the company’s stock, valued at $26,149.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, August 16th, Robin Schulman sold 1,745 shares of New Relic stock. The stock was sold at an average price of $46.24, for a total transaction of $80,688.80.
  • On Tuesday, August 1st, Robin Schulman sold 667 shares of New Relic stock. The stock was sold at an average price of $47.03, for a total transaction of $31,369.01.
  • On Wednesday, July 12th, Robin Schulman sold 5,534 shares of New Relic stock. The stock was sold at an average price of $46.98, for a total transaction of $259,987.32.
  • On Tuesday, June 20th, Robin Schulman sold 490 shares of New Relic stock. The stock was sold at an average price of $43.44, for a total transaction of $21,285.60.
  • On Friday, June 16th, Robin Schulman sold 298 shares of New Relic stock. The stock was sold at an average price of $41.33, for a total transaction of $12,316.34.

Shares of New Relic, Inc. (NYSE:NEWR) traded up 0.57% on Friday, hitting $45.93. 920,244 shares of the stock were exchanged. The company has a 50-day moving average price of $46.06 and a 200 day moving average price of $40.99. The company’s market cap is $2.50 billion. New Relic, Inc. has a 12 month low of $27.85 and a 12 month high of $49.19.

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

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A number of equities research analysts have commented on NEWR shares. First Analysis cut shares of New Relic from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a report on Friday, August 4th. BidaskClub cut shares of New Relic from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. CIBC raised their price target on shares of New Relic from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Stephens started coverage on shares of New Relic in a report on Thursday, May 25th. They issued an “overweight” rating and a $55.00 price target for the company. Finally, Zacks Investment Research cut shares of New Relic from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. New Relic has an average rating of “Buy” and an average price target of $47.36.

Several hedge funds have recently added to or reduced their stakes in NEWR. Tygh Capital Management Inc. acquired a new stake in New Relic during the first quarter worth $4,628,000. Wrapmanager Inc. increased its stake in New Relic by 16.4% in the first quarter. Wrapmanager Inc. now owns 9,829 shares of the software maker’s stock worth $364,000 after buying an additional 1,386 shares in the last quarter. OLD National Bancorp IN increased its stake in New Relic by 8.5% in the first quarter. OLD National Bancorp IN now owns 13,351 shares of the software maker’s stock worth $495,000 after buying an additional 1,044 shares in the last quarter. Jennison Associates LLC acquired a new stake in New Relic during the first quarter worth $16,703,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in New Relic by 3.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 857,875 shares of the software maker’s stock worth $31,801,000 after buying an additional 31,460 shares in the last quarter. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

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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