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

New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 11,627 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $66.97, for a total transaction of $778,660.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 (NEWR) opened at $71.26 on Thursday. The stock has a market cap of $3,920.00, a PE ratio of -71.98 and a beta of 0.98. New Relic Inc has a 1-year low of $33.10 and a 1-year high of $72.67.

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 analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $91.83 million for the quarter, compared to the consensus estimate of $89.31 million. New Relic had a negative net margin of 16.17% and a negative return on equity of 25.22%. The business’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) EPS. analysts predict that New Relic Inc will post -0.81 earnings per share for the current year.

Several large investors have recently modified their holdings of NEWR. Ameritas Investment Partners Inc. lifted its stake in shares of New Relic by 50.4% in the 2nd 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. Crow Point Partners LLC bought a new position in shares of New Relic in the 4th quarter worth approximately $113,000. Cipher Capital LP bought a new position in shares of New Relic in the 3rd quarter worth approximately $212,000. Woodstock Corp bought a new position in shares of New Relic in the 4th quarter worth approximately $212,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of New Relic in the 4th quarter worth approximately $233,000. Hedge funds and other institutional investors own 79.97% of the company’s stock.

A number of brokerages have recently weighed in on NEWR. Oppenheimer boosted their price objective on shares of New Relic from $57.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Needham & Company LLC boosted their price objective on shares of New Relic from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird boosted their price objective on shares of New Relic from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Stephens upped their price target on shares of New Relic from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets upped their target price on shares of New Relic from $68.00 to $71.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average 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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