New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 10,000 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $59.12, for a total value of $591,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, January 4th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $59.35, for a total value of $296,750.00.
  • On Wednesday, December 20th, Mark Sachleben sold 6,042 shares of New Relic stock. The stock was 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 stock was 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 stock was 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 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 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.

Shares of New Relic Inc (NYSE:NEWR) traded up $1.05 during trading on Friday, reaching $60.39. The company had a trading volume of 286,631 shares, compared to its average volume of 382,511. New Relic Inc has a 12 month low of $30.97 and a 12 month high of $60.85. The stock has a market cap of $3,330.00, a PE ratio of -54.41 and a beta of 1.03.

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

A number of analysts recently issued reports on NEWR shares. BidaskClub downgraded New Relic from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 18th. KeyCorp started coverage on New Relic in a research report on Tuesday, September 19th. They set an “overweight” rating and a $52.00 price objective for the company. Oppenheimer reissued a “buy” rating and set a $50.00 price objective on shares of New Relic in a research report on Tuesday, September 19th. Zacks Investment Research upgraded New Relic from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Wednesday, October 4th. Finally, Needham & Company LLC initiated coverage on New Relic in a report on Monday, October 23rd. They set a “buy” rating and a $69.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.21.

A number of institutional investors have recently made changes to their positions in NEWR. TimesSquare Capital Management LLC boosted its stake in shares of New Relic by 657.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 568,040 shares of the software maker’s stock valued at $28,288,000 after buying an additional 493,040 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of New Relic in the 3rd quarter valued at about $23,221,000. Hunt Lane Capital LP purchased a new position in shares of New Relic in the 2nd quarter valued at about $18,752,000. Paulson & CO. Inc. purchased a new position in shares of New Relic in the 2nd quarter valued at about $15,195,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of New Relic by 1,352.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 277,901 shares of the software maker’s stock valued at $11,953,000 after buying an additional 258,763 shares during the period. Institutional investors own 76.45% of the company’s stock.

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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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