New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 10,000 shares of New Relic stock in a transaction on Monday, December 11th. The stock was sold at an average price of $59.07, for a total value of $590,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, December 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $56.35, for a total value of $281,750.00.
  • On Monday, November 27th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 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.

Shares of New Relic, Inc. (NYSE:NEWR) traded up $2.77 during trading hours on Monday, hitting $60.00. The company’s stock had a trading volume of 961,003 shares, compared to its average volume of 464,844. New Relic, Inc. has a 12 month low of $27.85 and a 12 month high of $60.85.

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

Several institutional investors have recently bought and sold shares of NEWR. AXA increased its stake in New Relic by 8.2% during the third quarter. AXA now owns 171,000 shares of the software maker’s stock valued at $8,516,000 after acquiring an additional 13,000 shares during the period. Granahan Investment Management Inc. MA bought a new position in New Relic during the third quarter valued at about $269,000. PEAK6 Investments L.P. increased its stake in New Relic by 107.6% during the third quarter. PEAK6 Investments L.P. now owns 17,403 shares of the software maker’s stock valued at $867,000 after acquiring an additional 9,019 shares during the period. Asset Management One Co. Ltd. increased its stake in New Relic by 48.6% during the third quarter. Asset Management One Co. Ltd. now owns 14,858 shares of the software maker’s stock valued at $731,000 after acquiring an additional 4,859 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in New Relic during the third quarter valued at about $23,221,000. Institutional investors and hedge funds own 77.16% of the company’s stock.

NEWR has been the topic of a number of research analyst reports. Needham & Company LLC initiated coverage on New Relic in a report on Monday, October 23rd. They set a “buy” rating and a $69.00 price target on the stock. Zacks Investment Research cut New Relic from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub cut New Relic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Robert W. Baird set a $55.00 price objective on New Relic and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, Morgan Stanley lifted their price objective on New Relic from $48.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. New Relic has an average rating of “Buy” and an average price target of $53.58.

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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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