New Relic, Inc. (NEWR) Files Form 4 Insider Selling : Mark Sachleben Sells 833 Shares

New Relic, Inc. (NEWR): Mark Sachleben , Chief Financial Officer of New Relic, Inc. sold 833 shares on Jun 16, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $29.81 per share for a total value of $24,832.65 , 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 17, 2016, Robin Schulman (VP, General Counsel /Secretary) sold 199 shares at $29.86 per share price.On Jun 17, 2016, Hilarie A. Koplow (President) sold 90 shares at $29.85 per share price.Also, On Jun 17, 2016, James R. Gochee (Chief Product Officer) sold 303 shares at $29.85 per share price.On Jun 17, 2016, Steven M Spurlock (10% owner) sold 22,010 shares at $29.75 per share price.

Shares of New Relic Inc (NEWR) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -0.60% at $29.96 with 6,45,379 shares getting traded. Post opening the session at $29.77, the shares hit an intraday low of $29.6 and an intraday high of $30.18 and the price vacillated in this range throughout the day. The company has a market cap of $1,500 M and the number of outstanding shares has been calculated to be 5,00,60,926 shares. The 52-week high of New Relic Inc is $40.13 and the 52-week low is $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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