New Relic Inc. (NYSE:NEWR) insider James R. Gochee sold 304 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $36.83, for a total value of $11,196.32. Following the transaction, the insider now owns 387,394 shares in the company, valued at approximately $14,267,721.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of New Relic Inc. (NYSE:NEWR) opened at 38.00 on Thursday. The company’s market cap is $1.93 billion. The company’s 50-day moving average price is $36.17 and its 200-day moving average price is $30.20. New Relic Inc. has a 12 month low of $20.39 and a 12 month high of $40.13.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. New Relic had a negative return on equity of 34.30% and a negative net margin of 34.91%. The business had revenue of $58.60 million for the quarter, compared to the consensus estimate of $56.96 million. During the same quarter in the prior year, the business earned ($0.21) earnings per share. New Relic’s revenue for the quarter was up 53.8% on a year-over-year basis. Analysts anticipate that New Relic Inc. will post ($0.62) EPS for the current year.

Several equities analysts have recently issued reports on the company. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of New Relic in a research note on Saturday, June 4th. Cowen and Company assumed coverage on New Relic in a research note on Friday, June 24th. They issued an “outperform” rating and a $38.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. New Relic has an average rating of “Buy” and an average price target of $38.00.

Several large investors have recently bought and sold shares of the company. Charles Stewart Mott Foundation bought a new stake in New Relic during the second quarter valued at about $1,309,000. California State Teachers Retirement System increased its stake in New Relic by 275.5% in the second quarter. California State Teachers Retirement System now owns 46,051 shares of the company’s stock valued at $1,353,000 after buying an additional 33,788 shares in the last quarter. Bank of New York Mellon Corp increased its stake in New Relic by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 126,142 shares of the company’s stock valued at $3,706,000 after buying an additional 30,519 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in New Relic by 50.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 133,254 shares of the company’s stock valued at $3,915,000 after buying an additional 44,918 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in New Relic during the second quarter valued at about $1,277,000. Hedge funds and other institutional investors own 58.44% of the company’s stock.

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.

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