New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 488 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $48.59, for a total value of $23,711.92. Following the completion of the sale, the vice president now directly owns 577 shares of the company’s stock, valued at $28,036.43. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, September 18th, Robin Schulman sold 1,349 shares of New Relic stock. The shares were sold at an average price of $48.78, for a total value of $65,804.22.
  • On Friday, August 18th, Robin Schulman sold 1,136 shares of New Relic stock. The shares were sold at an average price of $45.32, for a total value of $51,483.52.
  • On Wednesday, August 16th, Robin Schulman sold 1,745 shares of New Relic stock. The shares were sold at an average price of $46.24, for a total value of $80,688.80.
  • On Tuesday, August 1st, Robin Schulman sold 667 shares of New Relic stock. The shares were sold at an average price of $47.03, for a total value of $31,369.01.
  • On Wednesday, July 12th, Robin Schulman sold 5,534 shares of New Relic stock. The shares were sold at an average price of $46.98, for a total value of $259,987.32.

New Relic, Inc. (NEWR) traded down 2.10% during trading on Wednesday, reaching $47.65. The company had a trading volume of 307,758 shares. The firm’s market capitalization is $2.60 billion. The company has a 50-day moving average of $47.31 and a 200-day moving average of $43.08. New Relic, Inc. has a 52-week low of $27.85 and a 52-week high of $51.31.

New Relic (NYSE:NEWR) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating the 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 company had revenue of $80.10 million for the quarter, compared to the consensus estimate of $78.09 million. During the same period in the previous year, the business earned ($0.20) EPS. The company’s revenue was up 36.7% on a year-over-year basis. Analysts expect that New Relic, Inc. will post ($0.25) EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. D.A. Davidson & CO. raised its stake in New Relic by 1.8% during the 2nd quarter. D.A. Davidson & CO. now owns 7,907 shares of the software maker’s stock valued at $340,000 after purchasing an additional 142 shares during the period. Macquarie Group Ltd. raised its stake in New Relic by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 41,109 shares of the software maker’s stock valued at $1,768,000 after purchasing an additional 313 shares during the period. Suntrust Banks Inc. raised its stake in New Relic by 4.8% during the 2nd quarter. Suntrust Banks Inc. now owns 9,582 shares of the software maker’s stock valued at $411,000 after purchasing an additional 442 shares during the period. Botty Investors LLC raised its stake in New Relic by 23.5% during the 2nd quarter. Botty Investors LLC now owns 2,809 shares of the software maker’s stock valued at $121,000 after purchasing an additional 535 shares during the period. Finally, Teachers Advisors LLC raised its stake in New Relic by 1.4% during the 1st quarter. Teachers Advisors LLC now owns 58,125 shares of the software maker’s stock valued at $2,155,000 after purchasing an additional 811 shares during the period. 74.80% of the stock is currently owned by institutional investors.

Several research firms have recently commented on NEWR. Morgan Stanley cut New Relic from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $45.00 to $48.00 in a report on Thursday, July 20th. They noted that the move was a valuation call. KeyCorp began coverage on New Relic in a report on Tuesday. They issued an “overweight” rating and a $52.00 price target for the company. UBS AG raised their price target on New Relic from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, August 4th. Stephens began coverage on New Relic in a report on Thursday, May 25th. They issued an “overweight” rating and a $55.00 price target for the company. Finally, Robert W. Baird set a $55.00 price target on New Relic and gave the company a “buy” rating in a report on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. New Relic presently has a consensus rating of “Buy” and a consensus target price of $49.17.

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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