New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $56.35, for a total value of $281,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, November 27th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $59.04, for a total value of $295,200.00.
  • On Monday, November 20th, Mark Sachleben sold 1,645 shares of New Relic stock. The stock was sold at an average price of $55.13, for a total value of $90,688.85.
  • On Thursday, November 16th, Mark Sachleben sold 2,238 shares of New Relic stock. The stock was sold at an average price of $55.53, for a total value of $124,276.14.
  • On Monday, November 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $52.55, for a total value of $525,500.00.
  • On Thursday, November 9th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $52.98, for a total value of $264,900.00.
  • On Monday, October 23rd, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $52.40, for a total value of $262,000.00.
  • On Wednesday, October 11th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $50.78, for a total value of $507,800.00.
  • On Thursday, October 5th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was 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 stock was 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 stock was sold at an average price of $48.59, for a total transaction of $66,422.53.

Shares of New Relic, Inc. (NEWR) traded up $0.64 during trading on Thursday, reaching $56.75. 205,200 shares of the company were exchanged, compared to its average volume of 463,721. New Relic, Inc. has a 1 year low of $27.85 and a 1 year high of $59.90.

New Relic (NYSE:NEWR) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. New Relic had a negative net margin of 19.43% and a negative return on equity of 29.19%. The firm had revenue of $84.68 million for the quarter, compared to analyst estimates of $82.98 million. During the same period last year, the company posted ($0.09) EPS. New Relic’s quarterly revenue was up 33.5% compared to the same quarter last year. equities analysts anticipate that New Relic, Inc. will post -0.98 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in NEWR. FMR LLC lifted its position in shares of New Relic by 1.4% during the 2nd quarter. FMR LLC now owns 8,024,872 shares of the software maker’s stock worth $345,149,000 after purchasing an additional 108,223 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of New Relic by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,848,100 shares of the software maker’s stock worth $122,497,000 after purchasing an additional 204,652 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of New Relic by 24.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,307,282 shares of the software maker’s stock worth $56,226,000 after purchasing an additional 256,257 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of New Relic by 657.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 568,040 shares of the software maker’s stock worth $28,288,000 after purchasing an additional 493,040 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its position in New Relic by 3.5% in the third quarter. Peregrine Capital Management LLC now owns 530,221 shares of the software maker’s stock valued at $26,405,000 after acquiring an additional 18,021 shares during the last quarter. Institutional investors and hedge funds own 77.16% of the company’s stock.

Several equities research analysts have recently issued reports on NEWR shares. JMP Securities increased their target price on shares of New Relic from $54.00 to $56.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 8th. BidaskClub raised shares of New Relic from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Needham & Company LLC started coverage on shares of New Relic in a research note on Monday, October 23rd. They set a “buy” rating and a $69.00 target price on the stock. Oppenheimer reissued a “buy” rating and set a $50.00 target price on shares of New Relic in a research note on Tuesday, September 19th. Finally, Zacks Investment Research lowered shares of New Relic from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.58.

WARNING: “New Relic, Inc. (NEWR) CFO Mark Sachleben Sells 5,000 Shares” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/12/07/new-relic-inc-newr-cfo-mark-sachleben-sells-5000-shares-2.html.

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.