New Relic Inc. (NYSE:NEWR) VP Robin Schulman sold 326 shares of the company’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $37.70, for a total value of $12,290.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Robin Schulman also recently made the following trade(s):

  • On Monday, September 19th, Robin Schulman sold 1,599 shares of New Relic stock. The stock was sold at an average price of $37.84, for a total transaction of $60,506.16.
  • On Friday, September 9th, Robin Schulman sold 4,900 shares of New Relic stock. The stock was sold at an average price of $37.98, for a total transaction of $186,102.00.
  • On Friday, August 19th, Robin Schulman sold 812 shares of New Relic stock. The stock was sold at an average price of $35.02, for a total transaction of $28,436.24.
  • On Tuesday, August 16th, Robin Schulman sold 502 shares of New Relic stock. The stock was sold at an average price of $35.40, for a total transaction of $17,770.80.
  • On Wednesday, August 17th, Robin Schulman sold 1,334 shares of New Relic stock. The stock was sold at an average price of $35.39, for a total transaction of $47,210.26.
  • On Tuesday, August 9th, Robin Schulman sold 3,125 shares of New Relic stock. The stock was sold at an average price of $34.95, for a total transaction of $109,218.75.

New Relic Inc. (NYSE:NEWR) opened at 38.00 on Thursday. The firm has a 50-day moving average of $36.17 and a 200 day moving average of $30.20. New Relic Inc. has a 1-year low of $20.39 and a 1-year high of $40.13. The firm’s market cap is $1.93 billion.

New Relic (NYSE:NEWR) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.03. New Relic had a negative net margin of 34.91% and a negative return on equity of 34.30%. The business had revenue of $58.60 million for the quarter, compared to the consensus estimate of $56.96 million. During the same quarter last year, the firm posted ($0.21) EPS. The business’s revenue for the quarter was up 53.8% compared to the same quarter last year. On average, analysts predict that New Relic Inc. will post ($0.62) EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. Charles Stewart Mott Foundation acquired a new position in shares of New Relic during the second quarter worth approximately $1,309,000. California State Teachers Retirement System increased its position in shares of New Relic by 275.5% in the second quarter. California State Teachers Retirement System now owns 46,051 shares of the company’s stock worth $1,353,000 after buying an additional 33,788 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 worth $3,706,000 after buying an additional 30,519 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of New Relic by 50.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 133,254 shares of the company’s stock worth $3,915,000 after buying an additional 44,918 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of New Relic during the second quarter worth approximately $1,277,000. 58.44% of the stock is currently owned by institutional investors and hedge funds.

NEWR has been the subject of a number of analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of New Relic in a research note on Saturday, June 4th. Cowen and Company initiated coverage on shares of New Relic in a research note on Friday, June 24th. They set an “outperform” rating and a $38.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $38.00.

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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