New Relic, Inc. (NEWR) CFO Mark Sachleben Sells 5,000 Shares

New Relic, Inc. (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $47.69, for a total transaction of $238,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, September 20th, Mark Sachleben sold 1,367 shares of New Relic stock. The stock was sold at an average price of $48.59, for a total transaction of $66,422.53.
  • On Monday, September 18th, Mark Sachleben sold 836 shares of New Relic stock. The shares were sold at an average price of $48.31, for a total transaction of $40,387.16.
  • On Wednesday, September 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $49.70, for a total transaction of $497,000.00.
  • On Thursday, September 7th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $48.08, for a total transaction of $240,400.00.
  • On Monday, August 21st, Mark Sachleben sold 6,913 shares of New Relic stock. The shares were sold at an average price of $45.89, for a total transaction of $317,237.57.
  • On Wednesday, August 16th, Mark Sachleben sold 1,753 shares of New Relic stock. The shares were sold at an average price of $45.93, for a total transaction of $80,515.29.
  • On Wednesday, August 9th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $44.60, for a total transaction of $446,000.00.
  • On Thursday, August 3rd, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $45.37, for a total transaction of $226,850.00.
  • On Tuesday, July 18th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $48.14, for a total transaction of $240,700.00.
  • On Wednesday, July 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $46.68, for a total transaction of $466,800.00.

Shares of New Relic, Inc. (NYSE NEWR) traded down 2.23% during mid-day trading on Monday, reaching $46.94. 274,945 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $47.31 and a 200 day moving average of $43.08. New Relic, Inc. has a one year low of $27.85 and a one year high of $51.31. The firm’s market capitalization is $2.56 billion.

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

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Several analysts have recently weighed in on the stock. Morgan Stanley lowered shares of New Relic from an “overweight” rating to an “equal weight” rating and lifted 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. KeyCorp assumed coverage on shares of New Relic in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $52.00 price objective for the company. UBS AG lifted their price objective on shares of New Relic from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Robert W. Baird set a $55.00 price objective on shares of New Relic and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, BidaskClub lowered shares of New Relic from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $49.17.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC lifted its position in New Relic by 1.4% during the second quarter. FMR LLC now owns 8,024,872 shares of the software maker’s stock valued at $345,149,000 after buying an additional 108,223 shares during the period. Vanguard Group Inc. lifted its position in New Relic by 7.7% during the second quarter. Vanguard Group Inc. now owns 2,848,100 shares of the software maker’s stock valued at $122,497,000 after buying an additional 204,652 shares during the period. Champlain Investment Partners LLC lifted its position in New Relic by 21.3% during the first quarter. Champlain Investment Partners LLC now owns 1,682,895 shares of the software maker’s stock valued at $62,385,000 after buying an additional 295,085 shares during the period. Clearbridge Investments LLC lifted its position in New Relic by 377.8% during the first quarter. Clearbridge Investments LLC now owns 1,368,733 shares of the software maker’s stock valued at $50,739,000 after buying an additional 1,082,245 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in New Relic by 24.4% during the second quarter. Bank of New York Mellon Corp now owns 1,307,282 shares of the software maker’s stock valued at $56,226,000 after buying an additional 256,257 shares during the period. 74.80% of the stock is owned by institutional investors and hedge funds.

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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