New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $59.35, for a total transaction of $296,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, January 22nd, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were 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 shares were sold at an average price of $59.12, for a total transaction of $591,200.00.
  • 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 value 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 value 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 value 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 value 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 value of $295,200.00.
  • On Monday, November 20th, Mark Sachleben sold 1,645 shares of New Relic stock. The stock was sold at an average price of $55.13, for a total value of $90,688.85.
  • On Thursday, November 16th, Mark Sachleben sold 2,238 shares of New Relic stock. The stock was sold at an average price of $55.53, for a total value of $124,276.14.
  • On Monday, November 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $52.55, for a total value of $525,500.00.

Shares of New Relic Inc (NEWR) traded down $1.65 on Monday, hitting $60.29. 589,073 shares of the stock traded hands, compared to its average volume of 460,625. The company has a market cap of $3,320.00, a PE ratio of -54.32 and a beta of 1.03. New Relic Inc has a one year low of $33.10 and a one year high of $62.81.

New Relic (NYSE:NEWR) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. New Relic had a negative net margin of 19.43% and a negative return on equity of 29.19%. The company had revenue of $84.68 million during the quarter, compared to analysts’ expectations of $82.98 million. During the same period last year, the business earned ($0.09) EPS. The business’s quarterly revenue was up 33.5% on a year-over-year basis. analysts anticipate that New Relic Inc will post -0.98 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in NEWR. TimesSquare Capital Management LLC grew its stake in shares of New Relic by 657.4% in the third quarter. TimesSquare Capital Management LLC now owns 568,040 shares of the software maker’s stock valued at $28,288,000 after buying an additional 493,040 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of New Relic in the third quarter valued at $23,221,000. Hunt Lane Capital LP bought a new position in shares of New Relic in the second quarter valued at $18,752,000. Paulson & CO. Inc. bought a new position in shares of New Relic in the second quarter valued at $15,195,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of New Relic by 1,352.1% in the second quarter. Goldman Sachs Group Inc. now owns 277,901 shares of the software maker’s stock valued at $11,953,000 after buying an additional 258,763 shares in the last quarter. 76.25% of the stock is owned by institutional investors and hedge funds.

NEWR has been the subject of a number of research reports. Zacks Investment Research raised New Relic from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, October 4th. UBS Group initiated coverage on New Relic in a research note on Thursday, November 9th. They set a “neutral” rating and a $53.00 target price for the company. BMO Capital Markets assumed coverage on New Relic in a research note on Friday, January 12th. They set a “market perform” rating and a $68.00 target price for the company. KeyCorp reaffirmed an “overweight” rating and set a $57.00 price target (up from $52.00) on shares of New Relic in a research note on Wednesday, November 8th. Finally, BidaskClub cut shares of New Relic from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.21.

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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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