New Relic, Inc. (NYSE:NEWR) CEO Lewis Cirne sold 31,000 shares of the stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $36.11, for a total transaction of $1,119,410.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Lewis Cirne also recently made the following trade(s):
- On Thursday, December 1st, Lewis Cirne sold 39,000 shares of New Relic stock. The shares were sold at an average price of $30.33, for a total transaction of $1,182,870.00.
Shares of New Relic, Inc. (NYSE:NEWR) opened at 35.57 on Tuesday. The firm’s market cap is $1.88 billion. The company has a 50-day moving average of $33.16 and a 200 day moving average of $34.26. New Relic, Inc. has a 52-week low of $23.10 and a 52-week high of $40.10.
New Relic (NYSE:NEWR) last announced its earnings results on Tuesday, February 7th. The company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.05. The firm earned $68.10 million during the quarter, compared to analysts’ expectations of $66.32 million. New Relic had a negative return on equity of 32.99% and a negative net margin of 26.90%. The company’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.22) EPS. On average, equities analysts expect that New Relic, Inc. will post ($0.53) earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in shares of New Relic by 27.4% in the second quarter. Teacher Retirement System of Texas now owns 3,429 shares of the company’s stock worth $101,000 after buying an additional 737 shares during the period. Sei Investments Co. raised its stake 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 in the last quarter. NorthRock Partners LLC acquired a new stake in shares of New Relic during the third quarter worth about $261,000. Wrapmanager Inc. acquired a new stake in shares of New Relic during the fourth quarter worth about $239,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of New Relic during the third quarter worth about $325,000. Hedge funds and other institutional investors own 63.71% of the company’s stock.
NEWR has been the subject of several recent analyst reports. Cowen and Company reaffirmed an “outperform” rating and set a $38.00 price objective on shares of New Relic in a research report on Wednesday, January 25th. JMP Securities reaffirmed a “buy” rating on shares of New Relic in a research report on Thursday, November 17th. Guggenheim initiated coverage on shares of New Relic in a research report on Friday, November 18th. They set a “buy” rating and a $50.00 price objective for the company. Robert W. Baird reaffirmed a “hold” rating on shares of New Relic in a research report on Wednesday, January 25th. Finally, Oppenheimer Holdings, Inc. set a $40.00 price objective on shares of New Relic and gave the stock a “buy” rating in a research report on Monday, November 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.63.
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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