Analyst Activity – Needham & Company LLC Reiterates Positive ➝ Buy on NYSE:NEWR – New Relic (NYSE:NEWR)

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

Today, Needham & Company LLC reiterated its Positive ➝ Buy rating on NYSE:NEWR – New Relic (NYSE:NEWR) with a price target of $121.00.

Some recent analyst ratings include

  • 6/5/2018-Needham & Company LLC Reiterated Rating of Positive ➝ Buy.
  • 6/5/2018-Robert W. Baird Reiterated Rating of Outperform ➝ Outperform.
  • 6/5/2018-Wedbush Reiterated Rating of Outperform ➝ Outperform.
  • 5/9/2018-JMP Securities was Downgraded by analysts at JMP Securities from a “Outperform ➝ Market Perform” rating to a “” rating.

Recent Insider Trading Activity For NYSE:NEWR – New Relic (NYSE:NEWR)
NYSE:NEWR – New Relic (NYSE:NEWR) has insider ownership of 23.10% and institutional ownership of 73.74%.

  • On 5/21/2018 Mark Sachleben, CFO, sold 7,500 with an average share price of $96.76 per share and the total transaction amounting to $725,700.00.
  • On 5/18/2018 Erica Schultz, CRO, sold 2,429 with an average share price of $91.31 per share and the total transaction amounting to $221,791.99.
  • On 5/18/2018 Mark Sachleben, CFO, sold 3,056 with an average share price of $91.31 per share and the total transaction amounting to $279,043.36.
  • On 5/16/2018 James R Gochee, Insider, sold 5,122 with an average share price of $87.70 per share and the total transaction amounting to $449,199.40.
  • On 5/16/2018 Mark Sachleben, CFO, sold 1,567 with an average share price of $89.45 per share and the total transaction amounting to $140,168.15.
  • On 5/15/2018 Erica Schultz, CRO, sold 1,800 with an average share price of $87.07 per share and the total transaction amounting to $156,726.00.
  • On 5/14/2018 Mark Sachleben, CFO, sold 15,000 with an average share price of $89.68 per share and the total transaction amounting to $1,345,200.00.

Recent Trading Activity for NYSE:NEWR – New Relic (NYSE:NEWR)
Shares of NYSE:NEWR – New Relic closed the previous trading session at 108.50 up +3.26 3.10% with 110.05999755859375 shares trading hands.