New Relic Inc (NEWR) CFO Sells $647,100.00 in Stock

New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 10,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $64.71, for a total value of $647,100.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, February 8th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $64.58, for a total value of $322,900.00.
  • On Monday, January 22nd, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $57.86, for a total value of $289,300.00.
  • On Friday, January 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $59.12, for a total value of $591,200.00.
  • On Thursday, January 4th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were 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 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.

New Relic Inc (NYSE NEWR) traded down $0.47 during trading on Monday, hitting $63.91. The stock had a trading volume of 519,615 shares, compared to its average volume of 453,203. New Relic Inc has a 52-week low of $33.10 and a 52-week high of $66.10. The company has a market capitalization of $3,520.00, a price-to-earnings ratio of -64.56 and a beta of 0.98.

New Relic (NYSE:NEWR) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.12. New Relic had a negative return on equity of 25.22% and a negative net margin of 16.17%. The firm had revenue of $91.83 million during the quarter, compared to analyst estimates of $89.31 million. During the same period last year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. research analysts anticipate that New Relic Inc will post -0.81 earnings per share for the current year.

Several equities analysts have weighed in on NEWR shares. UBS Group started coverage on New Relic in a report on Thursday, November 9th. They set a “neutral” rating and a $53.00 price objective for the company. BMO Capital Markets started coverage on New Relic in a report on Friday, January 12th. They set a “market perform” rating and a $68.00 price objective for the company. Stephens raised their price target on New Relic from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. KeyCorp reaffirmed an “overweight” rating and issued a $57.00 price target (up from $52.00) on shares of New Relic in a report on Wednesday, November 8th. Finally, BidaskClub lowered New Relic from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. New Relic has an average rating of “Buy” and a consensus price target of $60.00.

A number of large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its stake in New Relic by 0.8% during the second quarter. Macquarie Group Ltd. now owns 41,109 shares of the software maker’s stock valued at $1,768,000 after buying an additional 313 shares during the period. Ameritas Investment Partners Inc. boosted its stake in New Relic by 50.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock valued at $111,000 after buying an additional 862 shares during the period. American International Group Inc. boosted its stake in New Relic by 4.8% during the fourth quarter. American International Group Inc. now owns 20,601 shares of the software maker’s stock valued at $1,190,000 after buying an additional 945 shares during the period. Essex Investment Management Co. LLC boosted its stake in New Relic by 11.4% during the third quarter. Essex Investment Management Co. LLC now owns 10,031 shares of the software maker’s stock valued at $500,000 after buying an additional 1,025 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in New Relic by 7.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 21,152 shares of the software maker’s stock valued at $1,222,000 after buying an additional 1,516 shares during the period. 75.49% of the stock is 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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