Fastly, Inc. (NYSE:FSLY - Get Free Report) CFO Ronald W. Kisling sold 7,486 shares of Fastly stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $13.00, for a total transaction of $97,318.00. Following the completion of the transaction, the chief financial officer now owns 632,736 shares of the company's stock, valued at approximately $8,225,568. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Fastly Stock Down 1.1 %
Shares of Fastly stock opened at $12.38 on Friday. Fastly, Inc. has a 52-week low of $11.61 and a 52-week high of $25.87. The company has a 50 day moving average of $14.37 and a 200 day moving average of $16.51. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.66 billion, a P/E ratio of -11.90 and a beta of 1.22.
Fastly (NYSE:FSLY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.05. The business had revenue of $137.78 million during the quarter, compared to the consensus estimate of $139.25 million. Fastly had a negative net margin of 26.30% and a negative return on equity of 16.02%. As a group, research analysts forecast that Fastly, Inc. will post -1.07 EPS for the current fiscal year.
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FSLY has been the subject of a number of research reports. Piper Sandler upgraded shares of Fastly from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $19.00 to $16.00 in a report on Monday, April 8th. Citigroup upgraded shares of Fastly from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $11.00 to $20.00 in a report on Monday, January 22nd. Royal Bank of Canada upgraded shares of Fastly from an "underperform" rating to a "sector perform" rating and lifted their price target for the stock from $12.00 to $18.00 in a research note on Monday, January 8th. Bank of America decreased their price target 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. Finally, Craig Hallum downgraded shares of Fastly from a "buy" rating to a "hold" rating and set a $20.00 price target for the company. in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $19.11.
Get Our Latest Stock Report on Fastly
Institutional Trading of Fastly
Institutional investors have recently modified their holdings of the stock. Hanseatic Management Services Inc. purchased a new stake in shares of Fastly during the 3rd quarter worth approximately $33,000. Neo Ivy Capital Management purchased a new stake in shares of Fastly during the 2nd quarter worth approximately $29,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Fastly during the 3rd quarter worth approximately $36,000. MetLife Investment Management LLC purchased a new stake in shares of Fastly during the 1st quarter worth approximately $37,000. Finally, Allworth Financial LP lifted its position in shares of Fastly by 1,420.9% during the 4th quarter. Allworth Financial LP now owns 2,114 shares of the company's stock worth $38,000 after buying an additional 1,975 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company's stock.
About Fastly
(
Get Free Report)
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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