New Relic Inc (NEWR) CFO Sells $591,200.00 in Stock

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 stock was sold at an average price of $59.12, for a total value of $591,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • 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 shares were sold at an average price of $59.30, for a total value 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 value 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 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 shares were 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 shares were 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 shares were 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.

New Relic Inc (NEWR) traded up $1.05 during midday trading on Friday, reaching $60.39. The company’s stock had a trading volume of 286,631 shares, compared to its average volume of 382,511. New Relic Inc has a one year low of $30.97 and a one year high of $60.85. The company has a market capitalization of $3,330.00, a price-to-earnings ratio of -54.41 and a beta of 1.03.

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 Thomson Reuters’ consensus estimate of ($0.10) by $0.04. New Relic had a negative return on equity of 29.19% and a negative net margin of 19.43%. The company had revenue of $84.68 million for the quarter, compared to analyst estimates of $82.98 million. During the same period last year, the company earned ($0.09) earnings per share. The business’s revenue was up 33.5% compared to the same quarter last year. equities analysts anticipate that New Relic Inc will post -0.98 earnings per share for the current year.

Several equities research analysts have commented on the company. BMO Capital Markets began coverage on New Relic in a research note on Friday. They set a “market perform” rating and a $68.00 price target for the company. JMP Securities increased their price target on New Relic from $54.00 to $56.00 and gave the company a “market outperform” rating in a report on Wednesday, November 8th. KeyCorp assumed coverage on New Relic in a report on Tuesday, September 19th. They issued an “overweight” rating and a $52.00 price target for the company. BidaskClub downgraded New Relic from a “strong-buy” rating to a “buy” rating in a report on Monday, September 18th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $50.00 target price on shares of New Relic in a report on Tuesday, September 19th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.21.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Crow Point Partners LLC bought a new position in shares of New Relic in the fourth quarter worth about $113,000. Ameritas Investment Partners Inc. increased its stake 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 purchasing an additional 862 shares during the period. ETF Managers Group LLC bought a new position in shares of New Relic in the second quarter worth about $118,000. BNP Paribas Arbitrage SA increased its stake 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 purchasing an additional 3,185 shares during the period. Finally, Cipher Capital LP bought a new position in shares of New Relic in the third quarter worth about $212,000. Institutional investors own 76.45% 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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