NEW RELIC, INC.

(NEWR)
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Delayed Nyse  -  04:00 2022-08-12 pm EDT
69.41 USD   +1.54%
08/11INSIDER SELL : New Relic
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08/09New Relic Brings Error Tracking into Atlassian Open DevOps Solution
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08/08BMO Capital Raises New Relic's Price Target to $70 From $50, Maintains Market Perform Rating
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New Relic, Inc. Announces Board Changes, Effective June 13, 2022

06/06/2022 | 05:00pm EDT

New Relic announced several updates related to its Board of Directors. As the result of its ongoing board refreshment process, New Relic has appointed Pali Bhat to the Board of Directors, effective June 13, 2022. Mr. Bhat brings to New Relic's Board more than 15 years of expertise in leading teams and products across consumer services, developer platforms, fintech, and cloud. He has served as the Chief Product Officer of Reddit, Inc. since October 2021. Before joining Reddit, Mr. Bhat held senior leadership roles for more than 10 years at Google, Inc, including most recently as Vice President of Product and Design at Google Cloud. Phalachandra (Pali) Bhat has served as the Chief Product Officer of Reddit, Inc., an online community of communities, since October 2021. Prior to Reddit, Mr. Bhat worked for Google, Inc. from March 2011 to October 2021, where he was most recently Vice President of Product Management from May 2017 to October 2021. Earlier in his career, Mr. Bhat was Vice President at SAP Labs and a consultant with McKinsey & Co. Mr. Bhat holds a M.S. in Computer Science from University of Illinois Urbana-Champaign and an M.B.A. from Duke University. Company announced that it has appointed Kevin Galligan, a Partner of JANA Partners LLC and Director of Research at JANA Strategic Investments, and Susan D. Arthur, Chief Executive Officer of CareerBuilder, LLC, to the Board, effective June 13, 2022. Kevin Galligan has 15 years of experience investing in companies and driving shareholder value. He is a Partner of JANA Partners LLC and Director of Research of JANA Strategic Investments, a strategic investment fund specializing in enhancing shareholder value through active engagement. Mr. Galligan joined JANA Partners LLC in 2011 from Kohlberg Kravis Roberts & Company where he was a Principal in the North American Private Equity Group. Prior to that, he worked in the Mergers & Acquisitions Advisory Division of The Blackstone Group. Mr. Galligan holds a B.A. in Economics from Columbia University. Susan D. Arthur currently has served as Chief Executive Officer of CareerBuilder, LLC, a marketplace for job seekers and employers, since 2021. Previously, Ms. Arthur served as Chief Operating Officer at OptumInsight, the healthcare technology services division of United Health Group Incorporated. Before joining OptumInsight, Ms. Arthur served in various corporate development and operating company roles, including as Group President of Vertical Industries at NTT Data, a multinational information technology service and consulting company. Prior to that, Ms. Arthur served as Vice President and General Manager at DXC Technology Company, a multinational provider of information technology services and business consulting. Ms. Arthur formerly served as a Vice President and General Manager at Hewlett Packard, and later Hewlett Packard Enterprise Company, leading their healthcare, life sciences, communications, media and entertainment sectors, as well as the Canada public sector business. Ms. Arthur has also serves on the Board and Audit Committee of Rackspace Technology, Inc., a cloud computing services company and serves as a member of the board of directors and Strategic Planning Committee of the Make-A-Wish Foundation, a nonprofit organization that helps fulfill the wishes of children with critical illness. Ms. Arthur holds a B.A. in Economics and Spanish from Gettysburg College. James (Jim) Tolonen, Dan Scholnick and Adam Messinger will step down from the Board, effective June 13, 2022.


© S&P Capital IQ 2022
All news about NEW RELIC, INC.
08/11INSIDER SELL : New Relic
MT
08/09New Relic Brings Error Tracking into Atlassian Open DevOps Solution
BU
08/08BMO Capital Raises New Relic's Price Target to $70 From $50, Maintains Market Perform R..
MT
08/08Baird Adjusts New Relic's Price Target to $80 From $75, Keeps Outperform Rating
MT
08/04NEW RELIC : Fiscal Q1 Earnings Snapshot
AQ
08/04NEW RELIC : Announces First Quarter Fiscal Year 2023 Results - Form 8-K
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08/04NEW RELIC : Quarterly Report for Quarter Ending June 30, 2022 (Form 10-Q)
PU
08/04NEW RELIC, INC. Management's Discussion and Analysis of Financial Condition and Result..
AQ
08/04NEW RELIC, INC. : Results of Operations and Financial Condition, Change in Directors or Pr..
AQ
08/04TRANSCRIPT : New Relic, Inc., Q1 2023 Earnings Call, Aug 04, 2022
CI
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Analyst Recommendations on NEW RELIC, INC.
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Financials (USD)
Sales 2023 921 M - -
Net income 2023 -144 M - -
Net cash 2023 370 M - -
P/E ratio 2023 -30,7x
Yield 2023 -
Capitalization 4 672 M 4 672 M -
EV / Sales 2023 4,67x
EV / Sales 2024 3,92x
Nbr of Employees 2 217
Free-Float 80,1%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 69,41 $
Average target price 71,44 $
Spread / Average Target 2,93%
EPS Revisions
Managers and Directors
William Staples Chief Executive Officer & Director
Mark J Sachleben Chief Financial Officer & Secretary
Lewis Cirne Executive Chairman
Kristy Friedrichs Chief Operating Officer
Hope F. Cochran Vice Chairman & Lead Independent Director
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