New Relic, Inc. (NYSE:NEWR – Get Rating) CFO Mark Sachleben sold 2,950 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $43.32, for a total transaction of $127,794.00. Following the transaction, the chief financial officer now owns 2,572 shares in the company, valued at $111,419.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Mark Sachleben also recently made the following trade(s):
- On Wednesday, April 20th, Mark Sachleben sold 15,616 shares of New Relic stock. The stock was sold at an average price of $70.52, for a total transaction of $1,101,240.32.
Shares of NEWR opened at $45.14 on Wednesday. New Relic, Inc. has a fifty-two week low of $41.66 and a fifty-two week high of $129.70. The firm’s 50 day moving average price is $63.49 and its 200 day moving average price is $85.26. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.47.
A number of equities analysts recently weighed in on the stock. Cowen lowered their price target on shares of New Relic from $80.00 to $65.00 in a research report on Friday, May 13th. Royal Bank of Canada decreased their target price on shares of New Relic from $90.00 to $45.00 in a report on Friday, May 13th. Needham & Company LLC lowered shares of New Relic from a “buy” rating to a “hold” rating in a report on Friday, May 13th. Truist Financial reduced their price target on shares of New Relic from $110.00 to $95.00 in a research note on Tuesday, May 10th. Finally, Robert W. Baird reduced their price target on shares of New Relic from $117.00 to $75.00 and set a “na” rating on the stock in a research note on Friday, May 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.09.
New Relic Company Profile (Get Rating)
New Relic, Inc, a software-as-a-service company, provides platform for engineers to plan, build, deploy, and operate software worldwide. It offers a suite of products on its open and extensible cloud-based platform, New Relic One Platform, which enables users to collect, store, and analyze telemetry data flowing through and about their software.
- Get a free copy of the StockNews.com research report on New Relic (NEWR)
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