Monday, March 05, 2018 10:15 PM ET
Significant Insider Selling in Shares of New Relic (NEWR) Continues
One insider — Lewis Cirne, 10% Owner, Director and Officer — today, sold 89,000 shares of New Relic having a market value of approximately $6,492,042, as disclosed 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 202,550 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 291,550 shares and have averaged 58,310 shares per transaction over this time period.
New Relic insider trading represents a higher number of buy/sell trades than for the 33 peer company average over the last 90-day period. The Application Software peer group saw 86 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 1,824,804 shares sold with company insiders having sold 21,206 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
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.
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