Analyst Activity – Needham & Company LLC Raises Its Price Target On New Relic (NYSE:NEWR) to $73.00

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

Today, Needham & Company LLC raised its price target on New Relic (NYSE:NEWR) to $73.00 per share.

Some recent analyst ratings include

  • 2/7/2018-Robert W. Baird Reiterated Rating of Buy.
  • 2/7/2018-Stephens Reiterated Rating of Buy.
  • 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 75.84%.

  • On 1/29/2018 Robin Schulman, VP, sold 1 with an average share price of $62.81 per share and the total transaction amounting to $62.81.
  • On 1/22/2018 Mark Sachleben, CFO, sold 5,000 with an average share price of $57.86 per share and the total transaction amounting to $289,300.00.
  • On 1/17/2018 James R Gochee, Insider, sold 4,000 with an average share price of $58.31 per share and the total transaction amounting to $233,240.00.
  • On 1/12/2018 Mark Sachleben, CFO, sold 10,000 with an average share price of $59.12 per share and the total transaction amounting to $591,200.00.
  • On 1/8/2018 Lewis Cirne, CEO, sold 25,000 with an average share price of $58.83 per share and the total transaction amounting to $1,470,750.00.
  • On 1/4/2018 Mark Sachleben, CFO, sold 5,000 with an average share price of $59.35 per share and the total transaction amounting to $296,750.00.
  • On 12/20/2017 Mark Sachleben, CFO, sold 6,042 with an average share price of $59.30 per share and the total transaction amounting to $358,290.60.

Recent Trading Activity for New Relic (NYSE:NEWR)
Shares of New Relic closed the previous trading session at 63.69 up +4.31 7.26% with 66.0999984741211 shares trading hands.