Mark Sachleben Sells 5,000 Shares of New Relic Inc (NEWR) Stock

New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $59.35, for a total value of $296,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, December 20th, Mark Sachleben sold 6,042 shares of New Relic stock. The shares were sold at an average price of $59.30, for a total value of $358,290.60.
  • On Monday, December 18th, Mark Sachleben sold 1,161 shares of New Relic stock. The shares were sold at an average price of $59.21, for a total value of $68,742.81.
  • On Monday, December 11th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $59.07, for a total value of $590,700.00.
  • On Thursday, December 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were 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.

New Relic Inc (NYSE NEWR) traded down $0.36 during midday trading on Thursday, hitting $58.86. The company had a trading volume of 242,420 shares, compared to its average volume of 319,567. The company has a market capitalization of $3,240.00, a PE ratio of -53.03 and a beta of 1.03. New Relic Inc has a 12 month low of $30.00 and a 12 month high of $60.85.

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

Several equities analysts have weighed in on NEWR shares. BidaskClub lowered New Relic from a “strong-buy” rating to a “buy” rating in a report on Monday, September 18th. Robert W. Baird set a $55.00 price objective on New Relic and gave the company a “buy” rating in a report on Monday, September 11th. Zacks Investment Research upgraded 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, October 4th. Oppenheimer restated a “buy” rating and set a $50.00 target price on shares of New Relic in a research report on Tuesday, September 19th. Finally, Needham & Company LLC initiated coverage on New Relic in a research report on Monday, October 23rd. They set a “buy” rating and a $69.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.23.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. grew its stake in shares of New Relic by 1.8% in the second quarter. D.A. Davidson & CO. now owns 7,907 shares of the software maker’s stock worth $340,000 after purchasing an additional 142 shares during the last quarter. Macquarie Group Ltd. boosted its position 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 acquiring an additional 313 shares in the last quarter. Suntrust Banks Inc. boosted its position 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 acquiring an additional 442 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in New Relic by 50.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock valued at $111,000 after acquiring an additional 862 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in New Relic by 11.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 10,031 shares of the software maker’s stock valued at $500,000 after acquiring an additional 1,025 shares in the last quarter. 76.45% of the stock is currently owned by institutional investors.

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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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