New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 1,645 shares of New Relic stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $55.13, for a total value of $90,688.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • 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 transaction 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 transaction 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 transaction of $264,900.00.
  • On Monday, October 23rd, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $52.40, for a total transaction of $262,000.00.
  • On Wednesday, October 11th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $50.78, for a total transaction of $507,800.00.
  • On Thursday, October 5th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $50.40, for a total transaction of $252,000.00.
  • On Monday, September 25th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $47.69, for a total transaction of $238,450.00.
  • On Wednesday, September 20th, Mark Sachleben sold 1,367 shares of New Relic stock. The shares were sold at an average price of $48.59, for a total transaction of $66,422.53.
  • On Monday, September 18th, Mark Sachleben sold 836 shares of New Relic stock. The shares were sold at an average price of $48.31, for a total transaction of $40,387.16.
  • On Wednesday, September 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $49.70, for a total transaction of $497,000.00.

Shares of New Relic, Inc. (NEWR) traded up $0.86 on Monday, hitting $56.54. 380,728 shares of the stock were exchanged, compared to its average volume of 462,311. New Relic, Inc. has a 12-month low of $27.85 and a 12-month high of $56.78.

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

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Several analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of New Relic in a research note on Tuesday, September 19th. They set an “overweight” rating and a $52.00 price target for the company. UBS AG lifted their price target on shares of New Relic from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. BidaskClub downgraded shares of New Relic from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Robert W. Baird set a $55.00 price objective on shares of New Relic and gave the company a “buy” rating in a report on Monday, September 11th. Finally, Zacks Investment Research raised shares of New Relic from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, October 4th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. New Relic currently has a consensus rating of “Buy” and a consensus target price of $53.23.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its holdings in shares of 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 last quarter. ETF Managers Group LLC purchased a new stake in shares of New Relic during the second quarter valued at $118,000. Botty Investors LLC grew its holdings in shares of New Relic by 23.5% during the second quarter. Botty Investors LLC now owns 2,809 shares of the software maker’s stock valued at $121,000 after buying an additional 535 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of New Relic by 507.2% during the second quarter. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker’s stock valued at $164,000 after buying an additional 3,185 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of New Relic during the second quarter valued at $186,000. 70.57% of the stock is currently owned by hedge funds and other institutional investors.

About New Relic

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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