New Relic, Inc. (NEWR) Releases FY17 Earnings Guidance

New Relic Inc (NYSE:NEWR) VP Robin Schulman sold 372 shares of the business's stock in a transaction that occurred on Wednesday, December 20th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

On Friday, January 12th, Mark Sachleben sold 10,000 shares of New Relic stock. The stock was sold at an average price of $33.53, for a total transaction of $38,324.79.

On Wednesday, December 20th, Mark Sachleben sold 6,042 shares of New Relic stock. The shares were sold at an average price of $58.97, for a total transaction of $117,409.27. DA Davidson upgraded New Relic, Inc. The shares were sold at an average price of $58.90, for a total transaction of $92,767.50.

On Thursday, December 7th, Mark Sachleben sold 5,000 shares of New Relic stock.

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On Monday, November 27th, Mark Sachleben sold 5,000 shares of New Relic stock.

Rhumbline Advisers now owns 33,054 shares of the software maker's stock valued at $1,422,000 after buying an additional 8,092 shares in the last quarter. The shares were sold at an average price of $55.13, for a total value of $90,688.85. (NYSE:NEWR) has "Buy" rating given on Monday, October 23 by Needham.

On Monday, November 13th, Mark Sachleben sold 10,000 shares of New Relic stock.

On Thursday, November 9th, Mark Sachleben sold 5,000 shares of New Relic stock. The shares were sold at an average price of $52.98, for a total value of $264,900.00. BMO Capital Markets began coverage on New Relic in a research report on Friday. New Relic Inc has $69.0 highest and $30 lowest target. The company has market cap of $3.33 billion.

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New Relic (NYSE:NEWR) last released its quarterly earnings results on Tuesday, November 7th. New Relic had a negative return on equity of 29.19% and a negative net margin of 19.43%. The firm had revenue of $84.68 million during the quarter, compared to the consensus estimate of $82.98 million. The business's quarterly revenue was up 33.5% compared to the same quarter previous year. During the same quarter in the prior year, the company earned ($0.09) earnings per share. equities analysts forecast that New Relic Inc will post -0.98 earnings per share for the current fiscal year.

Several brokerages recently commented on NEWR. After $-0.25 actual earnings per share reported by New Relic, Inc. for the previous quarter, Wall Street now forecasts 12.00 % negative EPS growth. Ameritas Investment Partners Inc. now owns 2,573 shares of the software maker's stock valued at $111,000 after buying an additional 862 shares during the period. ETF Managers Group LLC bought a new stake in New Relic in the second quarter valued at approximately $118,000. BNP Paribas Arbitrage SA increased its stake in shares of New Relic by 507.2% during the second quarter. Finally, Cipher Capital LP bought a new position in shares of New Relic during the third quarter worth approximately $212,000.

NEWR has been the subject of a number of research analyst reports. Cowen and Company reiterated an outperform rating and set a $44.00 target price (up from $38.00) on shares of New Relic in a research report on Wednesday. Guggenheim assumed coverage on shares of New Relic in a research note on Friday, November 18th. The company presently has an average rating of "Buy" and a consensus price target of $55.21. KeyCorp restated an "overweight" rating and issued a $57.00 target price (up previously from $52.00) on shares of New Relic in a research report on Wednesday, November 8th. (NYSE:NEWR) earned "Hold" rating by J.P. Morgan on Tuesday, December 12. The company's quarterly revenue was up 42.6% on a year-over-year basis. They set an "overweight" rating and a $52.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. The company now has an average rating of "Buy" and a consensus target price of $54.23.

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New Relic, Inc. (NYSE:NEWR) has risen 65.48% since January 13, 2017 and is uptrending. The companyÂ's cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data.

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