Key Points
- Fastly CEO Charles Lacey Compton III sold 12,916 shares on Feb 18 at an average price of $17.53 for $226,417.48, reducing his direct holding to 599,316 shares (a 2.11% decrease, ≈$10.5M).
- He also sold 9,044 shares on Jan 16 at $9.07 and 4,638 shares on Jan 20 at $8.81, indicating multiple insider sales in recent weeks.
- FSLY opened at $18.08 (52-week range $4.65–$20.27), has a market cap of about $2.7B, and carries an average analyst rating of "Hold" with a consensus target price of $12.00.
Fastly, Inc. (NYSE:FSLY - Get Free Report) insider Scott Lovett sold 6,573 shares of Fastly stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $17.53, for a total transaction of $115,224.69. Following the transaction, the insider directly owned 995,564 shares in the company, valued at approximately $17,452,236.92. This represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Fastly Trading Up 0.1%
Shares of Fastly stock opened at $18.08 on Friday. The stock's 50-day simple moving average is $10.79 and its 200 day simple moving average is $9.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $20.27. The stock has a market capitalization of $2.70 billion, a P/E ratio of -18.83 and a beta of 1.03.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Align Financial LLC purchased a new stake in shares of Fastly in the fourth quarter worth $41,000. Byrne Asset Management LLC purchased a new stake in Fastly during the 3rd quarter valued at about $43,000. Quarry LP bought a new stake in Fastly during the 3rd quarter valued at about $49,000. Geneos Wealth Management Inc. purchased a new position in Fastly in the first quarter worth about $52,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Fastly in the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 79.71% of the company's stock.
Analyst Upgrades and Downgrades
FSLY has been the subject of a number of research reports. Wall Street Zen raised shares of Fastly from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. KeyCorp upgraded shares of Fastly from a "sector weight" rating to an "overweight" rating and set a $14.00 price target for the company in a research report on Monday, December 15th. William Blair upgraded Fastly from a "market perform" rating to an "outperform" rating in a report on Thursday, February 12th. Citigroup lifted their price target on Fastly from $10.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, February 13th. Finally, Oppenheimer assumed coverage on shares of Fastly in a research report on Monday, November 17th. They set a "market perform" rating for the company. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.00.
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About Fastly
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Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly's real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.
Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.
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