New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 10,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $50.78, for a total value of $507,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, October 5th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $50.40, for a total value of $252,000.00.
  • 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 value 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 value 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 value 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 value 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 value 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 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.

Shares of New Relic, Inc. (NYSE:NEWR) traded down 0.69% during mid-day trading on Thursday, hitting $50.44. The company’s stock had a trading volume of 357,537 shares. The company has a 50-day moving average of $49.04 and a 200 day moving average of $44.56. New Relic, Inc. has a 1-year low of $27.85 and a 1-year high of $51.97. The company’s market cap is $2.75 billion.

New Relic (NYSE:NEWR) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. New Relic had a negative return on equity of 29.19% and a negative net margin of 20.68%. The company had revenue of $80.10 million for the quarter, compared to the consensus estimate of $78.09 million. During the same quarter in the prior year, the business earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 36.7% on a year-over-year basis. On average, analysts expect that New Relic, Inc. will post ($0.25) EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Ardsley Advisory Partners acquired a new position in shares of New Relic in the second quarter valued at approximately $430,000. Paulson & CO. Inc. acquired a new position in shares of New Relic in the second quarter valued at approximately $15,195,000. Ashford Capital Management Inc. grew its position in shares of New Relic by 35.6% in the second quarter. Ashford Capital Management Inc. now owns 239,725 shares of the software maker’s stock valued at $10,311,000 after purchasing an additional 62,925 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of New Relic by 50.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock valued at $111,000 after purchasing an additional 862 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of New Relic by 20.1% in the second quarter. California State Teachers Retirement System now owns 51,933 shares of the software maker’s stock valued at $2,234,000 after purchasing an additional 8,682 shares during the last quarter. 74.82% of the stock is currently owned by institutional investors.

NEWR has been the topic of a number of research analyst reports. Morgan Stanley lowered New Relic from an “overweight” rating to an “equal weight” rating and raised their target price 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. Robert W. Baird set a $55.00 target price on New Relic and gave the company a “buy” rating in a report on Monday, September 11th. BidaskClub lowered New Relic from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. KeyCorp initiated coverage on New Relic in a report on Tuesday, September 19th. They issued an “overweight” rating and a $52.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $50.00 target price on shares of New Relic in a report on Tuesday, September 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. New Relic currently has a consensus rating of “Buy” and a consensus target price of $50.17.

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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