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Lewis Cirne sells 25,000 New Relic, Inc. (NYSE:NEWR) shares.

Lewis Cirne sells 25,000 New Relic, Inc. (NYSE:NEWR) shares.

Lewis Cirne, the chairman of New Relic, Inc. (NYSE: NEWR), sold 25,000 shares of the company’s stock on Friday, January 6th. The stock was sold for a total of $1,363,750.00, corresponding to an average price of $54.55 per share, which was realized after the transaction. The chairman now has a total of 50,477 company shares worth a combined total of $2,753,520.35 as a direct result of the transaction. In addition, the transaction was disclosed to the public through a filing that was made with the SEC, which can be located on the website of the SEC.
Additionally, within the most recent time frame, Lewis Cirne completed the transaction(s) listed below:
During the trading session on Monday, the price of a share of NEWR increased by $1.05, bringing the price to $55.66. The volume of trades for the stock was significantly higher than its typical volume of 406,178 shares, reaching 458,088 shares. Over the last year and a half, the stock price of New Relic, Inc. has ranged from a low of $41.66 to a high of $110.96 at various points. The 50-day moving average for the company is $56.16, and the 200-day moving average is $57.84. This corporation has a price-to-earnings ratio of -16.75, a beta value of 0.86, and a market capitalization of $3.80 billion.
New Relic (NYSE: NEWR) disseminated the findings of its most recent quarterly earnings report on November 8th, a Tuesday. The software company reported earnings per share for the quarter of $0.46, which was $0.17 higher than the estimate of $0.63 from the market experts’ consensus. The company’s revenue for the quarter came in at $226.91 million, which is significantly higher than the projections made by industry professionals, which were for a total of $222.60 million. Both the return on equity and the company’s net margin were negative for New Relic. The return on equity was -62.88%, and the net margin was -25.24%. New Relic, Inc. is anticipated to incur a loss of -2.17 cents per share throughout the current fiscal year, as stated by the projections of industry professionals.
During recent years, significant shareholders in the company have been active in taking action to bring about change. PNC Financial Services Group Inc. increased the amount of New Relic stock owned by 129.2% during the first three months of 2018. PNC Financial Services Group Inc. has a total of 1,066 shares of stock in the software company, which gives it a value of $72,000. During the most recent fiscal quarter, an additional 601 shares were purchased, allowing this goal to be achieved. During the second quarter, US Bancorp DE increased the amount of New Relic stock owned by 57.3%, bringing its total ownership percentage to 100%. US Bancorp DE now has 1,546 software manufacturer’s stock shares after purchasing an additional 563 shares during the most recent quarter. Each share of this stock is worth a total of $7, making the company’s stock worth a total of $77,000. To acquire a new investment in New Relic during the third quarter, Private Ocean LLC spent approximately $83,000 out of its total available capital. Penserra Capital Management LLC increased its holdings in New Relic by a factor of 50.0% during the first three mon


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