New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,144 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $55.13, for a total value of $63,068.72. Following the completion of the sale, the vice president now owns 577 shares in the company, valued at $31,810.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, November 16th, Robin Schulman sold 1,797 shares of New Relic stock. The shares were sold at an average price of $54.44, for a total value of $97,828.68.
  • On Friday, October 6th, Robin Schulman sold 1,109 shares of New Relic stock. The stock was sold at an average price of $51.33, for a total value of $56,924.97.
  • On Monday, October 2nd, Robin Schulman sold 445 shares of New Relic stock. The stock was sold at an average price of $49.89, for a total value of $22,201.05.
  • On Wednesday, September 20th, Robin Schulman sold 488 shares of New Relic stock. The stock was sold at an average price of $48.59, for a total value of $23,711.92.
  • On Monday, September 18th, Robin Schulman sold 1,349 shares of New Relic stock. The stock was sold at an average price of $48.78, for a total value of $65,804.22.

Shares of New Relic, Inc. (NEWR) opened at $57.26 on Wednesday. New Relic, Inc. has a 12 month low of $27.85 and a 12 month high of $57.84.

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

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Hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its position in shares of New Relic by 50.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock valued at $111,000 after purchasing an additional 862 shares during the period. ETF Managers Group LLC acquired a new position in shares of New Relic during the 2nd quarter valued at $118,000. Botty Investors LLC increased its position in shares of New Relic by 23.5% during the 2nd quarter. Botty Investors LLC now owns 2,809 shares of the software maker’s stock valued at $121,000 after purchasing an additional 535 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of New Relic by 507.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker’s stock valued at $164,000 after purchasing an additional 3,185 shares during the period. Finally, BT Investment Management Ltd acquired a new position in shares of New Relic during the 2nd quarter valued at $186,000. Institutional investors own 70.57% of the company’s stock.

NEWR has been the subject of a number of recent research reports. Needham & Company LLC began coverage on New Relic in a research note on Monday, October 23rd. They issued a “buy” rating and a $69.00 target price for the company. Zacks Investment Research lowered New Relic from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Robert W. Baird set a $55.00 target price on New Relic and gave the stock a “buy” rating in a report on Monday, September 11th. KeyCorp started coverage on New Relic in a report on Tuesday, September 19th. They set an “overweight” rating and a $52.00 target price on the stock. Finally, BidaskClub downgraded New Relic from a “strong-buy” rating to a “buy” rating in a report on Monday, September 18th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $53.23.

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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