New Relic, Inc. (NYSE:NEWR – Get Rating) COO Kristy Friedrichs sold 2,673 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $84.05, for a total value of $224,665.65. Following the transaction, the chief operating officer now owns 15,698 shares of the company’s stock, valued at $1,319,416.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Kristy Friedrichs also recently made the following trade(s):
- On Monday, May 15th, Kristy Friedrichs sold 7,658 shares of New Relic stock. The stock was sold at an average price of $74.93, for a total value of $573,813.94.
- On Wednesday, May 3rd, Kristy Friedrichs sold 8,370 shares of New Relic stock. The stock was sold at an average price of $70.18, for a total value of $587,406.60.
New Relic Trading Down 1.6 %
Shares of NEWR opened at $83.48 on Tuesday. The stock has a market cap of $5.75 billion, a P/E ratio of -31.15 and a beta of 0.90. The stock’s 50-day moving average price is $73.25 and its two-hundred day moving average price is $65.81. New Relic, Inc. has a 1 year low of $42.40 and a 1 year high of $86.00.
Analyst Ratings Changes
Institutional Investors Weigh In On New Relic
A number of hedge funds have recently modified their holdings of NEWR. Norges Bank acquired a new stake in shares of New Relic during the fourth quarter worth about $28,552,000. Jacobs Levy Equity Management Inc. raised its position in shares of New Relic by 1,029.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 553,958 shares of the software maker’s stock worth $31,786,000 after purchasing an additional 504,930 shares during the period. Senvest Management LLC raised its position in shares of New Relic by 55.8% during the fourth quarter. Senvest Management LLC now owns 1,146,711 shares of the software maker’s stock worth $64,732,000 after purchasing an additional 410,931 shares during the period. SQN Investors LP acquired a new stake in shares of New Relic during the fourth quarter worth about $21,225,000. Finally, Sunriver Management LLC raised its position in shares of New Relic by 71.9% during the third quarter. Sunriver Management LLC now owns 822,043 shares of the software maker’s stock worth $47,169,000 after purchasing an additional 343,853 shares during the period. Institutional investors and hedge funds own 83.56% of the company’s stock.
About New Relic
New Relic, Inc engages in the provision of software solutions. It delivers an open and extensible cloud-based platform that enables organizations to collect, store and analyze massive amounts of data in real time to better operate applications and infrastructure. It offers solutions to e-commerce and retail, media, and public sector industries.
- Get a free copy of the StockNews.com research report on New Relic (NEWR)
- monday.com Surges on Price and Volume after Blowout Results
- Can Ryanair Stock Fly Above Resistance Levels, What Earnings Show
- All Aboard! The Sell-Side Has Railroads In Reversal
- Is There Value Left in Lyft Stock?
- Everything About ZIM Integrated Screams Undervaluation
Receive News & Ratings for New Relic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Relic and related companies with MarketBeat.com's FREE daily email newsletter.