New Relic Inc (NEWR) CFO Mark Sachleben Sells 11,627 Shares of Stock

New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 11,627 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $66.97, for a total transaction of $778,660.19. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • 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 stock was sold at an average price of $59.35, for a total transaction 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 transaction of $358,290.60.
  • On Monday, December 18th, Mark Sachleben sold 1,161 shares of New Relic stock. The stock was sold at an average price of $59.21, for a total transaction of $68,742.81.
  • 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 transaction 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 transaction 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 transaction of $295,200.00.

Shares of New Relic Inc (NYSE NEWR) opened at $70.82 on Wednesday. New Relic Inc has a fifty-two week low of $33.10 and a fifty-two week high of $71.70. The stock has a market cap of $3,900.00, a PE ratio of -71.54 and a beta of 0.98.

New Relic (NYSE:NEWR) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $91.83 million for the quarter, compared to the consensus estimate of $89.31 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was up 34.8% compared to the same quarter last year. analysts predict that New Relic Inc will post -0.81 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of New Relic by 7.7% in the second quarter. Vanguard Group Inc. now owns 2,848,100 shares of the software maker’s stock valued at $122,497,000 after purchasing an additional 204,652 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of New Relic by 4.4% in the fourth quarter. BlackRock Inc. now owns 2,215,858 shares of the software maker’s stock valued at $128,010,000 after purchasing an additional 94,283 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of New Relic by 2,139.1% in the fourth quarter. First Trust Advisors LP now owns 1,264,352 shares of the software maker’s stock valued at $73,042,000 after purchasing an additional 1,207,885 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of New Relic by 4.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 849,956 shares of the software maker’s stock valued at $49,102,000 after purchasing an additional 35,388 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of New Relic by 10.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 625,350 shares of the software maker’s stock valued at $36,126,000 after purchasing an additional 57,310 shares in the last quarter. 79.97% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on NEWR shares. BidaskClub lowered shares of New Relic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. KeyCorp restated an “overweight” rating and set a $57.00 target price (up from $52.00) on shares of New Relic in a research report on Wednesday, November 8th. Morgan Stanley upped their target price 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. JMP Securities upped their target price 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. Finally, UBS Group started coverage on shares of New Relic in a research report on Thursday, November 9th. They set a “neutral” rating and a $53.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.00.

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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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