New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $48.08, for a total value of $240,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, August 21st, Mark Sachleben sold 6,913 shares of New Relic stock. The shares were sold at an average price of $45.89, for a total value of $317,237.57.
  • On Wednesday, August 16th, Mark Sachleben sold 1,753 shares of New Relic stock. The shares were sold at an average price of $45.93, for a total value of $80,515.29.
  • On Wednesday, August 9th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $44.60, for a total value of $446,000.00.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $40.21, for a total value of $462,415.00.

New Relic, Inc. (NYSE:NEWR) traded up 0.66% during mid-day trading on Thursday, hitting $48.66. The stock had a trading volume of 326,836 shares. The firm’s 50-day moving average is $46.96 and its 200 day moving average is $42.23. New Relic, Inc. has a one year low of $27.85 and a one year high of $49.39. The stock’s market cap is $2.65 billion.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $80.10 million during the quarter, compared to analyst estimates of $78.09 million. During the same quarter last year, the business posted ($0.20) EPS. The company’s revenue was up 36.7% on a year-over-year basis. Equities research analysts expect that New Relic, Inc. will post ($0.25) EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its stake in New Relic by 1.8% in the 2nd quarter. D.A. Davidson & CO. now owns 7,907 shares of the software maker’s stock worth $340,000 after purchasing an additional 142 shares during the period. Macquarie Group Ltd. boosted its stake in New Relic by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 41,109 shares of the software maker’s stock worth $1,768,000 after purchasing an additional 313 shares during the period. Suntrust Banks Inc. boosted its stake in New Relic by 4.8% in the 2nd quarter. Suntrust Banks Inc. now owns 9,582 shares of the software maker’s stock worth $411,000 after purchasing an additional 442 shares during the period. Botty Investors LLC boosted its stake in New Relic by 23.5% in the 2nd quarter. Botty Investors LLC now owns 2,809 shares of the software maker’s stock worth $121,000 after purchasing an additional 535 shares during the period. Finally, Teachers Advisors LLC boosted its stake in New Relic by 1.4% in the 1st quarter. Teachers Advisors LLC now owns 58,125 shares of the software maker’s stock worth $2,155,000 after purchasing an additional 811 shares during the period. 74.78% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the company. UBS AG increased their price target on New Relic from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, August 4th. BidaskClub raised New Relic from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. First Analysis lowered New Relic from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Friday, August 4th. Zacks Investment Research lowered New Relic from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Stephens assumed coverage on New Relic in a research note on Thursday, May 25th. They set an “overweight” rating and a $55.00 price target on the stock. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $47.36.

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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