New Relic (NYSE:NEWR) Given New $86.00 Price Target at KeyCorp

Galtero Lara
Abril 16, 2018

NEWR is uptrending and has moved 104.05% since April 13, 2017.

Institutional investors have recently bought and sold shares of the business.

Shares of NEWR stock traded down $1.85 on Friday, reaching $73.13. Reporting into Schultz, he will assume responsibility for Customer Success, Renewals and New Relic University, in addition to his existing responsibilities. Crow Point Partners LLC acquired a new position in shares of New Relic in the 4th quarter valued at $113,000. Granahan Investment Management Inc. Finally, ETRADE Capital Management LLC bought a new stake in shares of New Relic in the 4th quarter worth $270,000. By increasing end-user adoption and standardization on the New Relic Platform, enterprises including 21st Century Fox, American Eagle Outfitters,, BJ's Wholesale Club, Inc., Citrix, Cox Enterprises, Domino's Pizza Enterprises Ltd, IBM, John Lewis Plc, McCormick & Company, News Corp, Ocado, and U.S. Auto Parts Network, Inc., West Corp. are able to get more value from their investment with New Relic by helping them accelerate their cloud adoption and DevOps transformation initiatives. (NYSE:NEWR) latest ratings and price target changes. The stock had a trading volume of 924,295 shares, compared to its average volume of 414,122. New Relic has a 52-week low of $38.19 and a 52-week high of $79.08. The company has market cap of $4.15 billion. After having $-0.13 EPS previously, New Relic, Inc.'s analysts see 15.38% EPS growth. During the same period in the prior year, the company earned ($0.09) EPS. research analysts expect that New Relic will post -0.77 earnings per share for the current fiscal year. The business's revenue for the quarter was up 34.8% compared to the same quarter a year ago. Following the transaction, the insider now owns 333,476 shares of the company's stock, valued at approximately $19,444,985.56. On Thursday, January 4 the rating was maintained by Robert W. Baird with "Buy". Robert W. Baird boosted their price target on New Relic from $65.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. On Friday, March 16 the company was maintained by Robert W. Baird. In Monday, April 2 report Needham maintained it with "Buy" rating and $8400 target. The firm now has an overweight rating on the software maker's stock. On Wednesday, November 29 the rating was maintained by Cowen & Co with "Buy". On Wednesday, February 7 the firm has "Buy" rating given by Guggenheim.

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In related news, CFO Mark Sachleben sold 10,000 shares of the stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $58.31, for a total transaction of $233,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. New Relic now has an average rating of "Buy" and an average price target of $66.57. Following the transaction, the chief financial officer now owns 2,203 shares in the company, valued at approximately $167,207.70. The disclosure for this sale can be found here. Insiders have sold a total of 346,002 shares of company stock valued at $24,003,893 in the last quarter. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of US & global copyright and trademark laws.

In other New Relic news, insider James R. Gochee sold 4,000 shares of the company's stock in a transaction on Wednesday, January 17th. The company??s cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze it has negative earnings.

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