New Relic (NYSE:NEWR) CFO Sells $566,325.00 in Stock

New Relic (NYSE:NEWR) CFO Mark Sachleben sold 7,500 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $75.51, for a total transaction of $566,325.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

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  • On Thursday, April 5th, Mark Sachleben sold 7,500 shares of New Relic stock. The stock was sold at an average price of $75.62, for a total transaction of $567,150.00.
  • On Friday, March 16th, Mark Sachleben sold 763 shares of New Relic stock. The stock was sold at an average price of $75.90, for a total transaction of $57,911.70.
  • On Monday, March 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $74.80, for a total transaction of $748,000.00.
  • On Thursday, March 8th, Mark Sachleben sold 7,500 shares of New Relic stock. The stock was sold at an average price of $75.37, for a total transaction of $565,275.00.
  • On Tuesday, February 20th, Mark Sachleben sold 11,627 shares of New Relic stock. The stock was sold at an average price of $66.97, for a total transaction of $778,660.19.
  • On Monday, February 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $64.71, for a total transaction of $647,100.00.
  • On Thursday, February 8th, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $64.58, for a total transaction of $322,900.00.
  • On Monday, January 22nd, Mark Sachleben sold 5,000 shares of New Relic stock. The stock was sold at an average price of $57.86, for a total transaction of $289,300.00.
  • 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 transaction of $591,200.00.
  • 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.

New Relic stock opened at $73.90 on Wednesday. New Relic has a 1 year low of $37.31 and a 1 year high of $79.08.

New Relic (NYSE:NEWR) last released its earnings results on Tuesday, February 6th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. New Relic had a negative net margin of 16.17% and a negative return on equity of 25.22%. The firm had revenue of $91.83 million during the quarter, compared to the consensus estimate of $89.31 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. New Relic’s revenue was up 34.8% compared to the same quarter last year. analysts forecast that New Relic will post -0.77 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in New Relic by 4.4% during the fourth quarter. BlackRock Inc. now owns 2,215,858 shares of the software maker’s stock worth $128,010,000 after buying an additional 94,283 shares during the period. First Trust Advisors LP grew its stake in New Relic by 2,139.1% during the fourth quarter. First Trust Advisors LP now owns 1,264,352 shares of the software maker’s stock worth $73,042,000 after buying an additional 1,207,885 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in New Relic by 4.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 849,956 shares of the software maker’s stock worth $49,102,000 after buying an additional 35,388 shares during the period. TimesSquare Capital Management LLC grew its stake in New Relic by 10.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 625,350 shares of the software maker’s stock worth $36,126,000 after buying an additional 57,310 shares during the period. Finally, Two Sigma Advisers LP grew its stake in New Relic by 4.0% during the fourth quarter. Two Sigma Advisers LP now owns 482,999 shares of the software maker’s stock worth $27,903,000 after buying an additional 18,700 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

NEWR has been the subject of a number of analyst reports. ValuEngine raised shares of New Relic from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Needham & Company LLC boosted their price objective on shares of New Relic from $73.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research raised shares of New Relic from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, March 8th. BMO Capital Markets boosted their price objective on shares of New Relic from $68.00 to $71.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase lowered shares of New Relic from an “overweight” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Tuesday, December 12th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.57.

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New Relic Company Profile

New Relic, Inc, a software-as-a-service company, provides digital intelligence products worldwide. The company's cloud-based platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser, a product that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.

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

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