Top 5 Stock Picks of Mick Hellman’s HMI Capital

3. New Relic, Inc. (NYSE:NEWR)

Mick Hellman’s HMI Capital’s Stake Value: $377,440,000

Percentage of Mick Hellman’s HMI Capital’s 13F Portfolio: 11.31%

Stock Price as of December 29: $108.30

New Relic, Inc. (NYSE:NEWR) is another cloud-based software company on the list that aids application and website developers, engineers, operations, and management in monitoring the performance of their services through its proprietary New Relic One observability platform. This helps in highlighting the bugs quickly and fixing them to ensure a smooth experience for customers. The San Francisco, California-based entity has a headcount of 2,300 employees across 16 offices around the world.

Sterling Auty at JPMorgan assigned the target price of $150 with an Overweight rating on New Relic, Inc. (NYSE:NEWR) stock, in an investor note released on November 9.