James R. Gochee Sells 6,850 Shares of New Relic Inc (NYSE:NEWR) Stock

Share on StockTwits

New Relic Inc (NYSE:NEWR) insider James R. Gochee sold 6,850 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $92.80, for a total value of $635,680.00. Following the completion of the transaction, the insider now directly owns 137,776 shares of the company’s stock, valued at approximately $12,785,612.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

James R. Gochee also recently made the following trade(s):

  • On Wednesday, June 12th, James R. Gochee sold 4,000 shares of New Relic stock. The stock was sold at an average price of $95.50, for a total value of $382,000.00.

NYSE:NEWR opened at $95.78 on Friday. New Relic Inc has a 12 month low of $70.30 and a 12 month high of $114.78. The business’s 50 day moving average price is $94.79. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 1.16. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of -308.97 and a beta of 0.83.

New Relic (NYSE:NEWR) last posted its quarterly earnings data on Tuesday, May 14th. The software maker reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.07. New Relic had a negative return on equity of 6.57% and a negative net margin of 8.53%. The company had revenue of $132.10 million during the quarter, compared to analyst estimates of $128.19 million. During the same period in the previous year, the business earned $0.09 EPS. New Relic’s quarterly revenue was up 34.2% on a year-over-year basis. Analysts anticipate that New Relic Inc will post -0.56 earnings per share for the current year.

A number of research firms recently weighed in on NEWR. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $87.00 price target on shares of LivaNova in a report on Wednesday, May 15th. Zacks Investment Research cut HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Goldman Sachs Group started coverage on HubSpot in a report on Friday, June 7th. They issued a “buy” rating and a $223.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and set a $124.00 price objective on shares of New Relic in a research note on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $115.17.

Large investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc purchased a new stake in shares of New Relic in the fourth quarter valued at approximately $32,000. Wealthcare Advisory Partners LLC grew its position in shares of New Relic by 33.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 400 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of New Relic by 58.4% in the first quarter. Cornerstone Advisors Inc. now owns 358 shares of the software maker’s stock valued at $35,000 after purchasing an additional 132 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of New Relic in the first quarter valued at approximately $42,000. Finally, Victory Capital Management Inc. grew its position in shares of New Relic by 255.8% in the first quarter. Victory Capital Management Inc. now owns 587 shares of the software maker’s stock valued at $58,000 after purchasing an additional 422 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

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.

Further Reading: Certificate of Deposit (CD)

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

Receive News & Ratings for New Relic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Relic and related companies with MarketBeat.com's FREE daily email newsletter.