New Relic, Inc. (NYSE:NEWR – Get Rating) COO Kristy Friedrichs sold 2,764 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $55.75, for a total transaction of $154,093.00. Following the transaction, the chief operating officer now owns 11,987 shares in the company, valued at $668,275.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Kristy Friedrichs also recently made the following trade(s):
- On Wednesday, November 16th, Kristy Friedrichs sold 3,653 shares of New Relic stock. The shares were sold at an average price of $58.05, for a total transaction of $212,056.65.
New Relic Stock Performance
NYSE NEWR opened at $52.29 on Tuesday. The firm’s 50 day moving average price is $56.74 and its 200-day moving average price is $55.72. New Relic, Inc. has a 52-week low of $41.66 and a 52-week high of $119.71. The company has a market cap of $3.57 billion, a PE ratio of -16.04 and a beta of 0.92.
Hedge Funds Weigh In On New Relic
Analyst Ratings Changes
NEWR has been the topic of several analyst reports. Robert W. Baird cut their price target on shares of New Relic to $75.00 in a report on Tuesday, November 15th. JPMorgan Chase & Co. assumed coverage on shares of New Relic in a research note on Monday, October 3rd. They issued a “neutral” rating and a $57.00 target price on the stock. Canaccord Genuity Group dropped their target price on shares of New Relic from $81.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. StockNews.com upgraded shares of New Relic from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. Finally, Royal Bank of Canada dropped their target price on shares of New Relic from $62.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.58.
About New Relic
New Relic, Inc, a software-as-a-service company, delivers a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based platform, which enables users to collect, store, and analyze telemetry data.
- Get a free copy of the StockNews.com research report on New Relic (NEWR)
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