Fastly, Inc. (NYSE:FSLY - Get Free Report) CEO Charles Lacey Compton III sold 7,059 shares of the company's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $24.57, for a total transaction of $173,439.63. Following the transaction, the chief executive officer owned 1,133,895 shares of the company's stock, valued at approximately $27,859,800.15. This represents a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Lacey Compton III also recently made the following trade(s):
- On Thursday, April 16th, Charles Lacey Compton III sold 22,474 shares of Fastly stock. The shares were sold at an average price of $24.33, for a total transaction of $546,792.42.
- On Thursday, March 5th, Charles Lacey Compton III sold 36,694 shares of Fastly stock. The stock was sold at an average price of $20.69, for a total value of $759,198.86.
- On Wednesday, March 4th, Charles Lacey Compton III sold 73,206 shares of Fastly stock. The shares were sold at an average price of $20.94, for a total value of $1,532,933.64.
- On Thursday, February 19th, Charles Lacey Compton III sold 14,797 shares of Fastly stock. The shares were sold at an average price of $18.88, for a total value of $279,367.36.
- On Wednesday, February 18th, Charles Lacey Compton III sold 12,916 shares of Fastly stock. The stock was sold at an average price of $17.53, for a total transaction of $226,417.48.
- On Tuesday, January 20th, Charles Lacey Compton III sold 4,638 shares of Fastly stock. The stock was sold at an average price of $8.81, for a total transaction of $40,860.78.
Fastly Stock Up 3.5%
Shares of NYSE FSLY opened at $25.41 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a 12-month low of $5.13 and a 12-month high of $34.82. The firm's 50-day moving average price is $23.36 and its 200-day moving average price is $14.55. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -26.47 and a beta of 0.62.
Institutional Investors Weigh In On Fastly
A number of hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Fastly during the fourth quarter valued at about $41,000. Align Financial LLC purchased a new stake in shares of Fastly during the fourth quarter valued at about $41,000. Byrne Asset Management LLC bought a new stake in shares of Fastly in the 3rd quarter valued at about $43,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Fastly in the 4th quarter worth approximately $54,000. Finally, Quarry LP bought a new position in shares of Fastly during the 3rd quarter worth approximately $49,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on FSLY. DA Davidson set a $13.00 price objective on shares of Fastly in a research report on Thursday, February 12th. Citigroup increased their price target on Fastly from $10.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, February 13th. Royal Bank Of Canada increased their target price on Fastly from $12.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. Evercore assumed coverage on shares of Fastly in a report on Tuesday, April 14th. They set an "outperform" rating and a $24.00 price objective for the company. Finally, William Blair raised shares of Fastly from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.25.
Get Our Latest Analysis on FSLY
Fastly Company Profile
(
Get Free Report)
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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