Fastly, Inc. (NYSE:FSLY - Get Free Report) CFO Ronald W. Kisling sold 12,000 shares of Fastly stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $12.92, for a total transaction of $155,040.00. Following the completion of the transaction, the chief financial officer now owns 640,222 shares of the company's stock, valued at approximately $8,271,668.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Fastly Trading Down 1.9 %
Shares of Fastly stock opened at $12.70 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.14 and a quick ratio of 3.14. The firm has a 50 day simple moving average of $16.19 and a 200 day simple moving average of $16.93. Fastly, Inc. has a fifty-two week low of $11.61 and a fifty-two week high of $25.87.
Fastly (NYSE:FSLY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.05. The business had revenue of $137.78 million during the quarter, compared to analyst estimates of $139.25 million. Fastly had a negative net margin of 26.30% and a negative return on equity of 16.02%. On average, analysts anticipate that Fastly, Inc. will post -1.07 earnings per share for the current fiscal year.
Institutional Trading of Fastly
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A number of institutional investors have recently bought and sold shares of FSLY. Point72 Asset Management L.P. acquired a new stake in Fastly during the 4th quarter worth $42,697,000. First Trust Advisors LP grew its holdings in Fastly by 65.3% during the 1st quarter. First Trust Advisors LP now owns 7,846,587 shares of the company's stock worth $136,374,000 after acquiring an additional 3,099,852 shares during the period. Dimensional Fund Advisors LP grew its holdings in Fastly by 207.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,938,875 shares of the company's stock worth $52,191,000 after acquiring an additional 1,983,946 shares during the period. Morgan Stanley grew its holdings in Fastly by 72.5% during the 3rd quarter. Morgan Stanley now owns 4,516,313 shares of the company's stock worth $86,578,000 after acquiring an additional 1,898,633 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Fastly by 137.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,973,140 shares of the company's stock worth $46,886,000 after acquiring an additional 1,721,926 shares during the period. Institutional investors and hedge funds own 79.71% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of Fastly from an "underperform" rating to a "sector perform" rating and lifted their target price for the company from $12.00 to $18.00 in a research note on Monday, January 8th. Craig Hallum cut shares of Fastly from a "buy" rating to a "hold" rating and set a $20.00 target price for the company. in a research note on Thursday, February 15th. Citigroup upgraded shares of Fastly from a "sell" rating to a "neutral" rating and lifted their target price for the company from $11.00 to $20.00 in a research note on Monday, January 22nd. Finally, Bank of America cut their target price on shares of Fastly from $28.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $19.50.
Read Our Latest Research Report on FSLY
About Fastly
(
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Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.
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