New Relic, Inc. (NYSE:NEWR) President Hilarie A. Koplow sold 5,312 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $35.33, for a total value of $187,672.96. Following the completion of the sale, the president now owns 7,385 shares of the company’s stock, valued at $260,912.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Hilarie A. Koplow also recently made the following trade(s):
- On Wednesday, November 16th, Hilarie A. Koplow sold 1,485 shares of New Relic stock. The shares were sold at an average price of $33.73, for a total value of $50,089.05.
New Relic, Inc. (NYSE:NEWR) opened at 36.00 on Monday. The firm’s market cap is $1.90 billion. New Relic, Inc. has a 1-year low of $23.10 and a 1-year high of $40.10. The firm’s 50-day moving average price is $32.94 and its 200-day moving average price is $34.26.
New Relic (NYSE:NEWR) last issued its earnings results on Tuesday, February 7th. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. New Relic had a negative return on equity of 32.99% and a negative net margin of 26.90%. The company earned $68.10 million during the quarter, compared to the consensus estimate of $66.32 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. New Relic’s quarterly revenue was up 42.6% compared to the same quarter last year. On average, equities research analysts anticipate that New Relic, Inc. will post ($0.53) earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of NEWR. Citadel Advisors LLC bought a new position in shares of New Relic during the third quarter worth approximately $2,511,000. Bradley Foster & Sargent Inc. CT increased its position in shares of New Relic by 47.6% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 59,870 shares of the company’s stock worth $2,294,000 after buying an additional 19,310 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of New Relic by 1.0% in the third quarter. BlackRock Advisors LLC now owns 93,935 shares of the company’s stock worth $3,600,000 after buying an additional 899 shares during the last quarter. Sei Investments Co. increased its position in shares of New Relic by 116.0% in the third quarter. Sei Investments Co. now owns 6,431 shares of the company’s stock worth $246,000 after buying an additional 3,454 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of New Relic by 22.6% in the third quarter. UBS Asset Management Americas Inc. now owns 10,324 shares of the company’s stock worth $396,000 after buying an additional 1,900 shares during the last quarter. Institutional investors own 63.71% of the company’s stock.
A number of brokerages have recently issued reports on NEWR. DA Davidson set a $49.00 price target on New Relic and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Pacific Crest reaffirmed an “overweight” rating on shares of New Relic in a research note on Friday, January 27th. Oppenheimer Holdings, Inc. set a $40.00 price target on New Relic and gave the stock a “buy” rating in a research note on Monday, November 28th. Robert W. Baird reaffirmed a “hold” rating on shares of New Relic in a research note on Wednesday, January 25th. Finally, Guggenheim began coverage on New Relic in a research note on Friday, November 18th. They issued a “buy” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $40.63.
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.
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