New Relic, Inc. (NEWR) CFO Sells $281,750.00 in Stock

New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $56.35, for a total transaction of $281,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, November 27th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was 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 stock was 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.
  • 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $48.59, for a total transaction of $66,422.53.

Shares of New Relic, Inc. (NEWR) opened at $57.23 on Friday. New Relic, Inc. has a 52-week low of $27.85 and a 52-week high of $59.90.

New Relic (NYSE:NEWR) last issued its earnings results 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. New Relic had a negative net margin of 19.43% and a negative return on equity of 29.19%. The firm had revenue of $84.68 million for the quarter, compared to analyst estimates of $82.98 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. equities analysts expect that New Relic, Inc. will post -0.98 earnings per share for the current fiscal year.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of New Relic from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. UBS assumed coverage on shares of New Relic in a research report on Thursday, November 9th. They set a “neutral” rating and a $53.00 price target on the stock. JMP Securities increased their price target on shares of New Relic from $54.00 to $56.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 8th. KeyCorp reiterated an “overweight” rating and set a $57.00 price target (up previously from $52.00) on shares of New Relic in a research report on Wednesday, November 8th. Finally, Oppenheimer reiterated a “buy” rating and set a $50.00 price target on shares of New Relic in a research report on Tuesday, September 19th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. New Relic has an average rating of “Buy” and a consensus price target of $53.58.

Institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted its position in New Relic by 50.4% in 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 in the last quarter. ETF Managers Group LLC bought a new position in shares of New Relic during the second quarter valued at $118,000. Botty Investors LLC raised its stake 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 acquiring an additional 535 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake 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 acquiring an additional 3,185 shares during the last quarter. Finally, Cipher Capital LP bought a new position in shares of New Relic during the third quarter valued at $212,000. Hedge funds and other institutional investors own 77.16% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for New Relic (NYSE:NEWR)

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