New Relic, Inc. (NYSE:NEWR) enjoyed a 35.56% run-up in share price since hitting record low of $70.3. The stock managed -3.71% fall and now stands at $95.3 as of 6/11/2019. At a recent session, the prices were hovering between $94.93 and $99.735. This company shares are 27.84% off its target price of $121.83 and the current market capitalization stands at $5.81B. The recent change has given its price a -5.04% deficit over SMA 50 and -16.97% deficit over its 52-week high. The stock witnessed -11.18% declines, -9.34% declines and 14.6% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NEWR’s volatility during a week at 3.02% and during a month it has been found around 3.05%.

New Relic, Inc. (NEWR) Top Holders

Institutional investors currently hold around $4.57 billion or 81.1% in NEWR stock. Look at its top three institutional owners: Vanguard Group Inc owns $541.1 million in New Relic, Inc., which represents roughly 9.31% of the company’s market cap and approximately 11.85% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 3,880,134 shares of the stock are valued at $384.02 million. The third largest holder is Fmr Llc, which currently holds $326.03 million worth of this stock and that ownership represents nearly 5.61% of its market capitalization.

New Relic, Inc. 13F Filings

At the end of March reporting period, 178 institutional holders increased their position in New Relic, Inc. (NYSE:NEWR) by some 5,569,195 shares, 135 decreased positions by 5,384,866 and 44 held positions by 35,193,510. That puts total institutional holdings at 46,147,571 shares, according to SEC filings. The stock grabbed 69 new institutional investments totaling 1,561,325 shares while 32 institutional investors sold out their entire positions totaling 1,381,847 shares.

New Relic, Inc. (NYSE:NEWR) Insider Trades

Multiple company employees have indulged in significant insider trading. New Relic, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO, 10% Owner Cirne Lewis has sold 19,500 shares of New Relic, Inc. (NEWR) in the trading session dated Jun. 04, 2019. These shares are worth $1,905,540 and were traded at $97.72 each. The SEC filing shows that Schultz Erica performed a sale of 2,500 shares. The Chief Revenue Officer disposed these shares by way of transaction on May. 22, 2019. The company’s shares were given away at $96.92 per share worth to an income of some $242,300 to the account of Schultz Erica.

Director, FENTON PETER H, sold 45,000 common shares of New Relic, Inc. (NEWR) in the open market. In a transaction dated May. 21, 2019, the shares were put up for sale at an average price of $95.16, raking in a sum of $4,282,200. After this sale, 106,531 common shares of NEWR are directly owned by the insider, with total stake valued at $10,152,404.

In the transaction dated May. 20, 2019, a great number of shares sold came courtesy the CFO; Sachleben Mark disposed a total of 3,947 shares at an average price of $95.73, amounting to approximately $377,846. The insider now directly owns 158,163 shares worth $15,072,934.

New Relic, Inc. (NEWR) Analyst Guide

Several analysts have released their opinion on New Relic, Inc. (NYSE:NEWR), with 5 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 7 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.06 average brokerage recommendation [T1].