New Relic Inc (NEWR) CFO Mark Sachleben Sells 1,161 Shares

New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 1,161 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $59.21, for a total value of $68,742.81. Following the sale, the chief financial officer now owns 2,203 shares in the company, valued at $130,439.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, January 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $59.12, for a total value of $591,200.00.
  • On Thursday, January 4th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $59.35, for a total value of $296,750.00.
  • On Wednesday, December 20th, Mark Sachleben sold 6,042 shares of New Relic stock. The stock was sold at an average price of $59.30, for a total value of $358,290.60.
  • On Monday, December 11th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $59.07, for a total value of $590,700.00.
  • On Thursday, December 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $56.35, for a total value of $281,750.00.
  • 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 value 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 value 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 value 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 value of $525,500.00.
  • On Thursday, November 9th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $52.98, for a total value of $264,900.00.

Shares of New Relic Inc (NEWR) traded up $1.05 during trading hours on Friday, reaching $60.39. The company’s stock had a trading volume of 286,631 shares, compared to its average volume of 453,649. The firm has a market capitalization of $3,267.40, a price-to-earnings ratio of -53.92 and a beta of 1.03. New Relic Inc has a 12 month low of $30.01 and a 12 month high of $60.85.

New Relic (NYSE:NEWR) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ 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 return on equity of 29.19% and a negative net margin of 19.43%. The firm’s revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) earnings per share. research analysts forecast that New Relic Inc will post -0.98 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in NEWR. Ameritas Investment Partners Inc. boosted its position in shares of New Relic by 50.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock worth $111,000 after buying an additional 862 shares during the period. Crow Point Partners LLC purchased a new stake in shares of New Relic in the fourth quarter worth about $113,000. ETF Managers Group LLC purchased a new stake in shares of New Relic in the second quarter worth about $118,000. BNP Paribas Arbitrage SA boosted its position in shares of New Relic by 507.2% in the second quarter. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker’s stock worth $164,000 after buying an additional 3,185 shares during the period. Finally, BT Investment Management Ltd purchased a new stake in shares of New Relic in the second quarter worth about $186,000. Institutional investors own 76.45% of the company’s stock.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. lowered New Relic from an “overweight” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Tuesday, December 12th. KeyCorp assumed coverage on New Relic in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $52.00 target price for the company. BMO Capital Markets assumed coverage on New Relic in a research note on Friday. They issued a “market perform” rating and a $68.00 target price for the company. BidaskClub lowered New Relic from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, UBS Group assumed coverage on New Relic in a research note on Thursday, November 9th. They issued a “neutral” rating and a $53.00 target price for the company. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $55.21.

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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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