Fastly, Inc. (NYSE:FSLY) CFO Sells $57,059.10 in Stock

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 6,038 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $9.45, for a total transaction of $57,059.10. Following the completion of the sale, the chief financial officer now owns 519,812 shares in the company, valued at approximately $4,912,223.40. This trade represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Fastly Stock Performance

Shares of FSLY stock opened at $10.45 on Friday. Fastly, Inc. has a 12 month low of $5.52 and a 12 month high of $25.87. The company’s fifty day simple moving average is $9.28 and its 200-day simple moving average is $7.84. The firm has a market cap of $1.47 billion, a PE ratio of -9.58 and a beta of 1.24. 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 (NYSE:FSLY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. The firm had revenue of $137.21 million for the quarter, compared to analysts’ expectations of $131.86 million. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.33) EPS. Equities research analysts expect that Fastly, Inc. will post -0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FSLY. Wealth Effects LLC boosted its holdings in shares of Fastly by 21.1% in the 4th quarter. Wealth Effects LLC now owns 28,651 shares of the company’s stock valued at $270,000 after buying an additional 5,000 shares during the last quarter. SG Americas Securities LLC lifted its stake in Fastly by 56.6% in the fourth quarter. SG Americas Securities LLC now owns 346,632 shares of the company’s stock valued at $3,272,000 after acquiring an additional 125,275 shares during the last quarter. 180 Wealth Advisors LLC grew its position in shares of Fastly by 2.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 68,643 shares of the company’s stock valued at $648,000 after acquiring an additional 1,695 shares during the period. Geode Capital Management LLC increased its stake in shares of Fastly by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,015,455 shares of the company’s stock worth $22,831,000 after purchasing an additional 46,951 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Fastly in the 3rd quarter valued at about $183,000. 79.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FSLY has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Fastly from $7.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. Citigroup lifted their price objective on Fastly from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, January 17th. DA Davidson increased their target price on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Monday, December 2nd. Finally, Craig Hallum upped their price target on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.85.

About Fastly

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.