Mark Sachleben Sells 5,000 Shares of New Relic Inc (NEWR) Stock

New Relic Inc (NYSE:NEWR) CFO Mark Sachleben sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $59.35, for a total transaction of $296,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, December 20th, Mark Sachleben sold 6,042 shares of New Relic stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $59.04, for a total transaction of $295,200.00.
  • On Monday, November 20th, Mark Sachleben sold 1,645 shares of New Relic stock. The shares were sold at an average price of $55.13, for a total transaction of $90,688.85.
  • On Thursday, November 16th, Mark Sachleben sold 2,238 shares of New Relic stock. The shares were sold at an average price of $55.53, for a total transaction of $124,276.14.
  • On Monday, November 13th, Mark Sachleben sold 10,000 shares of New Relic stock. The shares were sold at an average price of $52.55, for a total transaction of $525,500.00.
  • On Thursday, November 9th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $52.98, for a total transaction of $264,900.00.
  • On Monday, October 23rd, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $52.40, for a total transaction of $262,000.00.

Shares of New Relic Inc (NEWR) opened at $59.31 on Friday. The company has a market cap of $3,270.00, a PE ratio of -53.43 and a beta of 1.03. New Relic Inc has a 1-year low of $30.00 and a 1-year high of $60.85.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of NEWR. Ameritas Investment Partners Inc. increased its holdings in New Relic by 50.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker’s stock worth $111,000 after buying an additional 862 shares during the last quarter. ETF Managers Group LLC purchased a new stake in New Relic during the second quarter worth about $118,000. BNP Paribas Arbitrage SA increased its holdings in New Relic by 507.2% during the second quarter. BNP Paribas Arbitrage SA now owns 3,813 shares of the software maker’s stock worth $164,000 after buying an additional 3,185 shares during the last quarter. BT Investment Management Ltd purchased a new stake in New Relic during the second quarter worth about $186,000. Finally, Pacad Investment Ltd. purchased a new stake in New Relic during the second quarter worth about $211,000. Institutional investors and hedge funds own 76.45% of the company’s stock.

A number of research analysts have weighed in on the stock. JMP Securities raised their price objective on shares of New Relic from $54.00 to $56.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 8th. KeyCorp assumed coverage on shares of New Relic in a report on Tuesday, September 19th. They issued an “overweight” rating and a $52.00 target price for the company. BidaskClub downgraded shares of New Relic from a “strong-buy” rating to a “buy” rating in a report on Monday, September 18th. Robert W. Baird set a $55.00 target price on shares of New Relic and gave the company a “buy” rating in a report on Monday, September 11th. Finally, Oppenheimer reiterated a “buy” rating and issued a $50.00 target price on shares of New Relic in a report on Tuesday, September 19th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $54.23.

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New Relic Company Profile

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.

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