New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 10,000 shares of New Relic stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $59.12, for a total transaction of $591,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $90,688.85.
  • 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.

New Relic Inc (NYSE:NEWR) opened at $60.39 on Monday. The company has a market cap of $3,330.00, a price-to-earnings ratio of -54.41 and a beta of 1.03. New Relic Inc has a one year low of $30.97 and a one year high of $60.85.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $84.68 million during 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%. New Relic’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) earnings per share. analysts predict that New Relic Inc will post -0.98 EPS for the current fiscal year.

NEWR has been the topic of several research reports. Zacks Investment Research upgraded shares of New Relic from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, October 4th. UBS Group initiated coverage on shares of New Relic in a research report on Thursday, November 9th. They issued a “neutral” rating and a $53.00 price target on the stock. KeyCorp restated an “overweight” rating and issued a $57.00 price target (up previously from $52.00) on shares of New Relic in a research report on Wednesday, November 8th. BidaskClub cut shares of New Relic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Needham & Company LLC initiated coverage on shares of New Relic in a research report on Monday, October 23rd. They issued a “buy” rating and a $69.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $55.21.

A number of hedge funds and other institutional investors have recently bought and sold shares of NEWR. TimesSquare Capital Management LLC boosted its stake in New Relic by 657.4% during the third quarter. TimesSquare Capital Management LLC now owns 568,040 shares of the software maker’s stock worth $28,288,000 after buying an additional 493,040 shares during the period. Westfield Capital Management Co. LP purchased a new position in New Relic during the third quarter worth $23,221,000. Hunt Lane Capital LP purchased a new position in New Relic during the second quarter worth $18,752,000. Paulson & CO. Inc. purchased a new position in New Relic during the second quarter worth $15,195,000. Finally, Goldman Sachs Group Inc. boosted its stake in New Relic by 1,352.1% during the second quarter. Goldman Sachs Group Inc. now owns 277,901 shares of the software maker’s stock worth $11,953,000 after buying an additional 258,763 shares during the period. 76.45% of the stock is owned by institutional investors.

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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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