Fastly, Inc. (NYSE:FSLY) CEO Todd Nightingale Sells 49,816 Shares

Fastly, Inc. (NYSE:FSLY) CEO Todd Nightingale sold 49,816 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.25, for a total value of $311,350.00. Following the completion of the transaction, the chief executive officer now owns 1,600,973 shares in the company, valued at $10,006,081.25. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Todd Nightingale also recently made the following trade(s):

• On Friday, August 23rd, Todd Nightingale sold 12,163 shares of Fastly stock. The stock was sold at an average price of $6.25, for a total value of $76,018.75.

Fastly Price Performance

Fastly stock opened at $6.48 on Thursday. The firm has a 50-day moving average of $7.24 and a two-hundred day moving average of $7.30. Fastly, Inc. has a 1 year low of $5.52 and a 1 year high of $25.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 3.97.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.08. Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. The firm had revenue of $137.21 million for the quarter, compared to analyst estimates of $131.86 million. During the same quarter last year, the firm posted ($0.33) earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts anticipate that Fastly, Inc. will post -0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Fastly

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new position in shares of Fastly in the 2nd quarter worth $38,000. Cambridge Trust Co. bought a new position in Fastly in the first quarter worth about $39,000. FMR LLC lifted its position 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. Cape Investment Advisory Inc. boosted its holdings in shares of Fastly by 27,666.7% in the 1st quarter. Cape Investment Advisory Inc. now owns 4,165 shares of the company’s stock valued at $54,000 after buying an additional 4,150 shares in the last quarter. Finally, EMC Capital Management grew 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 buying an additional 6,000 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.

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.