New Relic, Inc. (NEWR) VP Sells $56,924.97 in Stock

New Relic, Inc. (NYSE:NEWR) VP Robin Schulman sold 1,109 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $51.33, for a total transaction of $56,924.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Robin Schulman also recently made the following trade(s):

  • On Monday, October 2nd, Robin Schulman sold 445 shares of New Relic stock. The shares were sold at an average price of $49.89, for a total transaction of $22,201.05.
  • On Wednesday, September 20th, Robin Schulman sold 488 shares of New Relic stock. The shares were sold at an average price of $48.59, for a total transaction of $23,711.92.
  • On Monday, September 18th, Robin Schulman sold 1,349 shares of New Relic stock. The shares were sold at an average price of $48.78, for a total transaction of $65,804.22.
  • On Friday, August 18th, Robin Schulman sold 1,136 shares of New Relic stock. The shares were sold at an average price of $45.32, for a total transaction of $51,483.52.
  • On Wednesday, August 16th, Robin Schulman sold 1,745 shares of New Relic stock. The shares were sold at an average price of $46.24, for a total transaction of $80,688.80.
  • On Tuesday, August 1st, Robin Schulman sold 667 shares of New Relic stock. The shares were sold at an average price of $47.03, for a total transaction of $31,369.01.
  • On Wednesday, July 12th, Robin Schulman sold 5,534 shares of New Relic stock. The shares were sold at an average price of $46.98, for a total transaction of $259,987.32.

Shares of New Relic, Inc. (NYSE:NEWR) opened at 50.44 on Friday. The company’s market capitalization is $2.75 billion. The firm has a 50-day moving average of $49.04 and a 200 day moving average of $44.56. New Relic, Inc. has a 52-week low of $27.85 and a 52-week high of $51.97.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. New Relic had a negative net margin of 20.68% and a negative return on equity of 29.19%. The company had revenue of $80.10 million for the quarter, compared to the consensus estimate of $78.09 million. During the same period last year, the company earned ($0.20) earnings per share. The firm’s revenue was up 36.7% compared to the same quarter last year. On average, analysts anticipate that New Relic, Inc. will post ($0.25) EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. AXA raised its holdings in shares of New Relic by 9.0% in the second quarter. AXA now owns 158,000 shares of the software maker’s stock valued at $6,796,000 after purchasing an additional 13,000 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of New Relic by 98.3% in the first quarter. Citadel Advisors LLC now owns 25,024 shares of the software maker’s stock valued at $928,000 after purchasing an additional 12,405 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of New Relic by 377.8% in the first quarter. Clearbridge Investments LLC now owns 1,368,733 shares of the software maker’s stock valued at $50,739,000 after purchasing an additional 1,082,245 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of New Relic by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,643,448 shares of the software maker’s stock valued at $97,993,000 after purchasing an additional 94,562 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of New Relic in the first quarter valued at approximately $6,228,000. Institutional investors own 74.82% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of New Relic in a report on Tuesday, September 19th. They set an “overweight” rating and a $52.00 price target on the stock. BidaskClub lowered shares of New Relic from a “strong-buy” rating to a “buy” rating in a report on Monday, September 18th. Robert W. Baird set a $55.00 price target on shares of New Relic and gave the company a “buy” rating in a report on Monday, September 11th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $50.00 price objective on shares of New Relic in a research note on Tuesday, September 19th. Finally, Morgan Stanley lowered shares of New Relic from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $45.00 to $48.00 in a research note on Thursday, July 20th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $50.17.

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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