Today, the CFO of New Relic Inc, Mark Sachleben, exercised options of New Relic Inc (NYSE: NEWR) for $1.73M.
Following Mark Sachleben’s last NEWR Sell transaction on February 20, 2018, the stock climbed by 39.8%. In addition to Mark Sachleben, one other NEWR executive reported Sell trades in the last month.
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Based on New Relic Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $98.45 million and GAAP net loss of $6.97 million. In comparison, last year the company earned revenue of $73.34 million and had a GAAP net loss of $14.99 million. The Company has a Price to Book ratio of 28.7771. Currently, New Relic Inc has an average volume of 1.46M.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy NEWR with a $115 price target. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $107.67, reflecting a 1.3% upside.
The insider sentiment on New Relic Inc has been negative according to 126 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Mark Sachleben’s trades have generated a -57.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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New Relic, Inc. engages in the provision of software-as-a-services for digital intelligence products. It allows the users to monitor software and infrastructure performance and measure end user activities through desktop and mobile devices. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.
