Analyst Downgrades – New Relic (NYSE:NEWR) Stock Gets Downgraded By Morgan Stanley from Overweight to Equal Weight

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

Today, New Relic (NYSE:NEWR) stock was downgraded by Morgan Stanley from Overweight to Equal Weight.

There are 1 hold rating, 9 buy ratings on the stock.

The current consensus rating on New Relic (NYSE:NEWR) is Buy (Score: 2.90) with a consensus target price of $46.88 per share, a potential 3.94% downside.

Some recent analyst ratings include

  • 7/20/2017-Morgan Stanley was Downgraded by analysts at Morgan Stanley from a “Overweight ” rating to a ” Equal Weight” rating.
  • 5/25/2017-Stephens initiated coverage with a Overweight rating.
  • 5/12/2017-Oppenheimer Holdings, Inc. Reiterated Rating of Outperform.
  • 2/8/2017-Cowen and Company Reiterated Rating of Outperform.
  • 1/27/2017-Pacific Crest Reiterated Rating of Overweight.

Recent Insider Trading Activity For New Relic (NYSE:NEWR)
New Relic (NYSE:NEWR) has insider ownership of 23.10% and institutional ownership of 70.59%.

  • On 7/18/2017 Mark Sachleben, CFO, sold 5,000 with an average share price of $48.14 per share and the total transaction amounting to $240,700.00. View SEC Filing
  • On 7/12/2017 James R Gochee, Insider, sold 4,000 with an average share price of $46.68 per share and the total transaction amounting to $186,720.00. View SEC Filing
  • On 7/12/2017 Mark Sachleben, CFO, sold 10,000 with an average share price of $46.68 per share and the total transaction amounting to $466,800.00. View SEC Filing
  • On 7/12/2017 Robin Schulman, VP, sold 5,534 with an average share price of $46.98 per share and the total transaction amounting to $259,987.32. View SEC Filing
  • On 7/11/2017 James R Gochee, Insider, sold 3,320 with an average share price of $45.33 per share and the total transaction amounting to $150,495.60. View SEC Filing
  • On 7/10/2017 James R Gochee, Insider, sold 6,680 with an average share price of $45.02 per share and the total transaction amounting to $300,733.60. View SEC Filing
  • On 7/10/2017 Lewis Cirne, CEO, sold 33,000 with an average share price of $44.53 per share and the total transaction amounting to $1,469,490.00. View SEC Filing

Recent Trading Activity for New Relic (NYSE:NEWR)
Shares of New Relic closed the previous trading session at 48.80 up +0.46 0.95% with 439,092 shares trading hands.