Insider Selling in New Relic (NEWR) Shares Continues

Tuesday, February 13, 2018 10:15 PM ET

Insider Selling in New Relic (NEWR) Shares Continues

One insider — Lewis Cirne, 10% Owner, Director and Officer — today, sold 78,600 shares of New Relic having a market value of approximately $5,015,493, as revealed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 125,203 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 203,803 shares and have averaged 40,761 shares per transaction over this time period.

Insider buy/sell trading at New Relic is higher than the 33 peer company average over the last 90-day period. The Application Software peer group saw 87 buy/sell trades during this period for an average of 2.6 transactions per company. The number of shares per buy/sell trade for New Relic insiders was also higher. Within the peer group there were 1,125 shares purchased and 1,866,682 shares sold with company insiders disposing of 21,443 shares on average.

The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at Copyright 2018 UpTick Data Technologies. All rights reserved.

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