New Relic Inc (NEWR) CFO Mark Sachleben Sells 15,000 Shares

New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $103.88, for a total transaction of $1,558,200.00. The sale 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 Monday, April 15th, Mark Sachleben sold 15,000 shares of New Relic stock. The stock was sold at an average price of $98.94, for a total transaction of $1,484,100.00.
  • On Monday, March 18th, Mark Sachleben sold 15,000 shares of New Relic stock. The stock was sold at an average price of $103.88, for a total transaction of $1,558,200.00.
  • On Wednesday, February 20th, Mark Sachleben sold 22,641 shares of New Relic stock. The stock was sold at an average price of $106.53, for a total transaction of $2,411,945.73.

New Relic stock opened at $107.11 on Wednesday. The firm has a market capitalization of $5.90 billion, a PE ratio of -144.74 and a beta of 1.03. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.23. New Relic Inc has a 52-week low of $70.30 and a 52-week high of $114.78.

New Relic (NYSE:NEWR) last announced its earnings results on Tuesday, May 14th. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $132.10 million during the quarter, compared to the consensus estimate of $128.19 million. New Relic had a negative net margin of 6.96% and a negative return on equity of 6.08%. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. Research analysts anticipate that New Relic Inc will post -0.3 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of New Relic from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Robert W. Baird increased their price objective on shares of New Relic from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Needham & Company LLC increased their price objective on shares of New Relic from $129.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $118.00 price objective (up previously from $110.00) on shares of New Relic in a research report on Thursday, February 7th. Finally, Wedbush reissued an “outperform” rating and issued a $124.00 price objective on shares of New Relic in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $117.42.

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of New Relic by 15.4% during the third quarter. Dimensional Fund Advisors LP now owns 86,950 shares of the software maker’s stock worth $8,195,000 after purchasing an additional 11,586 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of New Relic by 167.5% during the third quarter. JPMorgan Chase & Co. now owns 291,861 shares of the software maker’s stock worth $27,501,000 after purchasing an additional 182,744 shares in the last quarter. Vanguard Group Inc increased its position in shares of New Relic by 11.5% during the third quarter. Vanguard Group Inc now owns 4,552,159 shares of the software maker’s stock worth $428,950,000 after purchasing an additional 468,506 shares in the last quarter. Centre Asset Management LLC increased its position in shares of New Relic by 8.8% during the fourth quarter. Centre Asset Management LLC now owns 3,200 shares of the software maker’s stock worth $259,000 after purchasing an additional 260 shares in the last quarter. Finally, Altfest L J & Co. Inc. acquired a new position in shares of New Relic during the fourth quarter worth $276,000. Institutional investors and hedge funds own 82.31% of the company’s stock.

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New Relic Company Profile

New Relic, Inc, a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.

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Insider Buying and Selling by Quarter for New Relic (NYSE:NEWR)

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