Fastly, Inc. (NYSE:FSLY) CFO Sells $100,637.50 in Stock

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 16,102 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.25, for a total transaction of $100,637.50. Following the completion of the sale, the chief financial officer now directly owns 542,462 shares in the company, valued at approximately $3,390,387.50. This trade represents a 2.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fastly Stock Down 3.4 %

Shares of FSLY stock opened at $6.48 on Thursday. The business’s fifty day moving average is $7.24 and its 200 day moving average is $7.30. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Fastly, Inc. has a twelve month low of $5.52 and a twelve month high of $25.87.

Fastly (NYSE:FSLY) last released its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. The firm had revenue of $137.21 million for the quarter, compared to the consensus estimate of $131.86 million. During the same period in the prior year, the firm earned ($0.33) EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that Fastly, Inc. will post -0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FSLY. Robert W. Baird increased their target price on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Craig Hallum increased their price objective on Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Raymond James cut Fastly from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 1st. DA Davidson raised their price target on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Fastly from $6.00 to $7.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, Fastly has a consensus rating of “Hold” and a consensus price target of $7.94.

Institutional Trading of Fastly

Hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in Fastly during the 2nd quarter valued at approximately $38,000. Cambridge Trust Co. purchased a new stake in shares of Fastly in the first quarter worth $39,000. FMR LLC grew its stake in shares of Fastly by 124.2% in the third quarter. FMR LLC now owns 6,357 shares of the company’s stock worth $48,000 after acquiring an additional 3,522 shares during the last quarter. Cape Investment Advisory Inc. increased its holdings in shares of Fastly by 27,666.7% during the first quarter. Cape Investment Advisory Inc. now owns 4,165 shares of the company’s stock valued at $54,000 after acquiring an additional 4,150 shares in the last quarter. Finally, EMC Capital Management raised its position in shares of Fastly by 400.0% in the 2nd quarter. EMC Capital Management now owns 7,500 shares of the company’s stock worth $54,000 after purchasing an additional 6,000 shares during the last quarter. 79.71% of the stock is 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.