New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $50.40, for a total transaction of $252,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Monday, September 25th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $47.69, for a total transaction of $238,450.00.
  • On Wednesday, September 20th, Mark Sachleben sold 1,367 shares of New Relic stock. The shares were sold at an average price of $48.59, for a total transaction of $66,422.53.
  • On Monday, September 18th, Mark Sachleben sold 836 shares of New Relic stock. The shares were sold at an average price of $48.31, for a total transaction of $40,387.16.
  • On Wednesday, September 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $49.70, for a total transaction of $497,000.00.
  • On Thursday, September 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $48.08, for a total transaction of $240,400.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $240,700.00.

New Relic, Inc. (NYSE:NEWR) traded up 1.03% on Thursday, reaching $50.82. 173,821 shares of the company’s stock traded hands. The company’s market cap is $2.77 billion. New Relic, Inc. has a 12 month low of $27.85 and a 12 month high of $51.31. The firm’s 50 day moving average price is $48.46 and its 200 day moving average price is $44.03.

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

COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/05/new-relic-inc-newr-cfo-sells-252000-00-in-stock.html.

NEWR has been the topic of a number of research reports. BidaskClub downgraded shares of New Relic from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. First Analysis downgraded shares of New Relic from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research report on Friday, August 4th. UBS AG boosted their target price on shares of New Relic from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Morgan Stanley downgraded shares of New Relic from an “overweight” rating to an “equal weight” rating and boosted their target price 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. Finally, Zacks Investment Research upgraded shares of New Relic from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $50.17.

Several hedge funds have recently made changes to their positions in NEWR. Russell Investments Group Ltd. boosted its holdings in shares of New Relic by 36.5% during the 1st quarter. Russell Investments Group Ltd. now owns 23,447 shares of the software maker’s stock valued at $868,000 after buying an additional 6,269 shares in the last quarter. Swiss National Bank raised its position in shares of New Relic by 6.2% in the 1st quarter. Swiss National Bank now owns 42,997 shares of the software maker’s stock worth $1,594,000 after purchasing an additional 2,500 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of New Relic by 38.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 20,641 shares of the software maker’s stock worth $765,000 after purchasing an additional 5,693 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of New Relic by 203.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,473 shares of the software maker’s stock worth $204,000 after purchasing an additional 3,669 shares during the last quarter. Finally, Cipher Capital LP purchased a new position in shares of New Relic in the 1st quarter worth about $278,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

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)

Receive News & Ratings for New Relic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Relic Inc. and related companies with MarketBeat.com's FREE daily email newsletter.