News headlines about New Relic (NYSE:NEWR) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. New Relic earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 43.9328088067922 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Insider Selling: New Relic, Inc. (NEWR) CFO Sells 1,645 Shares of Stock (americanbankingnews.com)
- Insider Selling: New Relic, Inc. (NEWR) VP Sells 1,144 Shares of Stock (americanbankingnews.com)
- New Relic, Inc. (NEWR) VP Robin Schulman Sells 1,797 Shares (americanbankingnews.com)
- New Relic, Inc. (NEWR) CFO Mark Sachleben Sells 2,238 Shares (americanbankingnews.com)
- Insider Selling: New Relic, Inc. (NEWR) Insider Sells 5,746 Shares of Stock (americanbankingnews.com)
A number of research firms recently weighed in on NEWR. UBS AG began 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 boosted 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. Morgan Stanley boosted their price target on shares of New Relic from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 8th. KeyCorp restated an “overweight” rating and set a $57.00 price target (up from $52.00) on shares of New Relic in a research report on Wednesday, November 8th. Finally, BidaskClub lowered shares of New Relic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $53.23.
New Relic (NEWR) traded up $0.72 during trading hours on Tuesday, reaching $57.26. 350,944 shares of the company’s stock traded hands, compared to its average volume of 461,816. New Relic has a 12 month low of $27.85 and a 12 month high of $57.84.
New Relic (NYSE:NEWR) last posted 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 company had revenue of $84.68 million for 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 revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) EPS. equities research analysts predict that New Relic will post -0.98 earnings per share for the current fiscal year.
In other news, CFO Mark Sachleben sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $48.08, for a total value of $240,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lewis Cirne sold 33,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $48.43, for a total transaction of $1,598,190.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,591 shares of company stock worth $9,131,462. Company insiders own 23.10% 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.
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