Fastly, Inc. (NYSE:FSLY) CFO Sells $14,172.81 in Stock

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 2,063 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $6.87, for a total value of $14,172.81. Following the sale, the chief financial officer now owns 506,480 shares in the company, valued at approximately $3,479,517.60. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fastly Price Performance

FSLY stock traded down $0.25 during mid-day trading on Thursday, hitting $6.74. 2,681,708 shares of the stock were exchanged, compared to its average volume of 3,139,803. The business has a fifty day moving average price of $9.41 and a 200 day moving average price of $8.14. Fastly, Inc. has a 12 month low of $5.52 and a 12 month high of $14.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 3.97. The stock has a market capitalization of $944.92 million, a price-to-earnings ratio of -5.91 and a beta of 1.26.

Fastly (NYSE:FSLY) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). Fastly had a negative net margin of 29.07% and a negative return on equity of 12.75%. On average, sell-side analysts anticipate that Fastly, Inc. will post -0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup upped their price target on Fastly from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Craig Hallum increased their target price on shares of Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Royal Bank of Canada cut their price target on shares of Fastly from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Thursday, February 13th. Robert W. Baird upped their price target on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer raised Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.55.

Institutional Investors Weigh In On Fastly

Hedge funds have recently made changes to their positions in the business. AlphaQuest LLC lifted its stake in Fastly by 169.1% in the fourth quarter. AlphaQuest LLC now owns 4,710 shares of the company’s stock worth $44,000 after purchasing an additional 2,960 shares during the last quarter. FMR LLC grew its stake in shares of Fastly by 124.2% during the third quarter. FMR LLC now owns 6,357 shares of the company’s stock valued at $48,000 after buying an additional 3,522 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Fastly by 128.9% in the fourth quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company’s stock worth $54,000 after buying an additional 3,221 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Fastly in the 4th quarter valued at about $72,000. Finally, Canada Pension Plan Investment Board bought a new position in Fastly during the 4th quarter worth approximately $82,000. 79.71% of the stock is currently owned by institutional investors.

Fastly Company Profile

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.