New Relic, Inc. (NEWR) Files Form 4 Insider Selling : Matt Cohler Sells 60,000 Shares

New Relic, Inc. (NEWR): Matt Cohler , 10% owner of New Relic, Inc. sold 60,000 shares on Mar 8, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $27.02 per share for a total value of $1,603,281.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Matt Cohler (10% owner) sold 60,000 shares at $27.02 per share price.On Jun 10, 2016, Hilarie A. Koplow (President) sold 2,656 shares at $32.45 per share price.Also, On Jun 8, 2016, Mark Sachleben (Chief Financial Officer) sold 8,000 shares at $32.16 per share price.On Jun 1, 2016, Lewis Cirne (CEO) sold 39,000 shares at $30.17 per share price.

New Relic Inc: On Tuesday, Jun 14, 2016 heightened volatility was witnessed in New Relic Inc which led to swings in the share price. The shares opened for trading at $29.92 and hit $30.34 on the upside , eventually ending the session at $30.14, with a gain of 0.60% or 0.18 points. The heightened volatility saw the trading volume jump to 3,58,791 shares. The 52-week high of the share price is $40.13 and the company has a market cap of $1,509 M . The 52-week low of the share price is at $20.385.

New Relic Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.New Relic Inc is Initiated by Robert W. Baird to Neutral and the brokerage firm has set the Price Target at $30. The Rating was issued on May 13, 2016.

New Relic Inc. (New Relic) is a provider of enterprise software. The Company’s cloud-based platform and range of products enables organizations to collect store and analyze software data in real time. The Company’s Software Analytics solution consists of an integrated suite of products a data database and an open platform. Its products for technology users focus on software performance management and monitoring. New Relic offers an integrated suite of seven products namely New Relic APM for application performance management; New Relic Mobile mobile application performance management; New Relic Servers for server monitoring for cloud and data centers; New Relic Browser for end user experience monitoring and performance monitoring; New Relic Synthetics for software testing through simulated usage; New Relic Plugins plugins to extend its functionality into other applications and New Relic Insights for real-time big data analytics for business managers.

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