New Relic Inc (NYSE:NEWR) CFO Sells $68742.81 in Stock

New Relic Inc (NYSE:NEWR) VP Robin Schulman sold 372 shares of the business's stock in a transaction that occurred on Wednesday, December 20th. Following the transaction, the chief financial officer now directly owns 2,203 shares of the company's stock, valued at approximately $130,439.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

On Monday, December 18th, Mark Sachleben sold 1,161 shares of New Relic stock. 229,608 shares of the stock were exchanged, compared to its average volume of 472,491. Also, CEO Lewis Cirne sold 39,000 shares of New Relic stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $59.07, for a total value of $590,700.00. UBS Group assumed coverage on New Relic in a research report on Thursday, November 9th. The shares were sold at an average price of $59.21, for a total value of $68,742.81. Schwab Charles Investment Management Inc. now owns 131,923 shares of the software maker's stock valued at $5,675,000 after buying an additional 23,082 shares in the last quarter. The shares were sold at an average price of $56.35, for a total value of $281,750.00.

On Monday, October 2nd, Robin Schulman sold 445 shares of New Relic stock. The shares were sold at an average price of $52.55, for a total value of $525,500.00.

New Relic, Inc (New Relic) is a provider of enterprise software. The company has a market cap of $3,180.41, a P/E ratio of -51.58 and a beta of 1.03. New Relic Inc has $69.0 highest and $30 lowest target.

New Relic (NYSE:NEWR) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. The business earned $68.10 million during the quarter, compared to the consensus estimate of $66.32 million. New Relic had a negative return on equity of 34.47% and a negative net margin of 31.38%. The company's quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) earnings per share. equities analysts forecast that New Relic Inc will post -0.98 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in NEWR. The stock of New Relic, Inc. Over the last quarter, insiders have sold 187,693 shares of company stock worth $10,090,081. ETF Managers Group LLC bought a new position in shares of New Relic in the second quarter valued at $118,000.

On Monday, November 13th, Mark Sachleben sold 10,000 shares of New Relic stock. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker's stock valued at $164,000 after buying an additional 3,185 shares in the last quarter. Corporate insiders own 46.60% of the company's stock.

NEWR has been the subject of a number of research analyst reports. Needham & Company LLC started coverage on shares of New Relic in a research note on Monday, October 23rd. As per Friday, August 4, the company rating was maintained by UBS. JPMorgan Chase & Co. lowered shares of New Relic from an "overweight" rating to a "neutral" rating and set a $62.00 target price on the stock.in a report on Tuesday, December 12th. (NYSE:NEWR) has "Buy" rating given on Monday, October 23 by Needham. The company now has an average rating of "Buy" and a consensus target price of $55.21. Pacific Crest has "Overweight" rating and $47 target. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server applications, such as data pertaining to response time, transaction throughput, error rates, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser, a product that monitors the page view experiences of actual end-users for desktop and mobile browser applications. If you are reading this story on another publication, it was copied illegally and reposted in violation of global trademark & copyright law.

New Relic, Inc. (NYSE:NEWR) has risen 65.48% since January 13, 2017 and is uptrending. The companyÂ's cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data.

New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide.

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