Analyst Activity – Wedbush Initiates Coverage On New Relic (NYSE:NEWR) With a Outperform

ME Staff
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Analyst Ratings For New Relic (NYSE:NEWR)

Today, Wedbush initiated coverage on New Relic (NYSE:NEWR) with a Outperform with a price target of $86.00.

Some recent analyst ratings include

  • 2/23/2018-Wedbush initiated coverage with a Outperform rating.
  • 12/12/2017-JPMorgan Chase & Co. was Downgraded by analysts at JPMorgan Chase & Co. from a “Overweight ” rating to a ” Neutral” rating. They now have a $62.00 price target on the stock.

Recent Insider Trading Activity For New Relic (NYSE:NEWR)
New Relic (NYSE:NEWR) has insider ownership of 23.10% and institutional ownership of 79.97%.

  • On 2/20/2018 Mark Sachleben, CFO, sold 11,627 with an average share price of $66.97 per share and the total transaction amounting to $778,660.19.
  • On 2/16/2018 James R Gochee, Insider, sold 1,179 with an average share price of $69.04 per share and the total transaction amounting to $81,398.16.
  • On 2/15/2018 Robin Schulman, VP, sold 8,401 with an average share price of $69.89 per share and the total transaction amounting to $587,145.89.
  • On 2/14/2018 James R Gochee, Insider, sold 4,000 with an average share price of $66.30 per share and the total transaction amounting to $265,200.00.
  • On 2/12/2018 Lewis Cirne, CEO, sold 1,200 with an average share price of $65.00 per share and the total transaction amounting to $78,000.00.
  • On 2/12/2018 Mark Sachleben, CFO, sold 10,000 with an average share price of $64.71 per share and the total transaction amounting to $647,100.00.
  • On 2/9/2018 Lewis Cirne, CEO, sold 78,600 with an average share price of $63.81 per share and the total transaction amounting to $5,015,466.00.

Recent Trading Activity for New Relic (NYSE:NEWR)
Shares of New Relic closed the previous trading session at with 70.80999755859375 shares trading hands.