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

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 2,063 shares of Fastly stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $6.87, for a total transaction 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. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Fastly Trading Up 0.8 %

Shares of NYSE FSLY opened at $6.79 on Friday. Fastly, Inc. has a 1-year low of $5.52 and a 1-year high of $14.76. The company has a market cap of $951.94 million, a PE ratio of -5.95 and a beta of 1.26. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $9.27 and a two-hundred day moving average of $8.15.

Fastly (NYSE:FSLY) last announced its earnings results 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 return on equity of 12.75% and a negative net margin of 29.07%. As a group, equities analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FSLY has been the topic of several recent research reports. 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 research report on Monday, December 2nd. Craig Hallum lifted their target price on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Citigroup lifted their price target on shares of Fastly from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, January 17th. 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. Finally, DA Davidson lifted their price target on shares of Fastly from $5.50 to $7.50 and gave the company a “neutral” rating in a report on Thursday, November 7th. One 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 stock. Based on data from MarketBeat.com, Fastly presently has a consensus rating of “Hold” and a consensus price target of $8.55.

Hedge Funds Weigh In On Fastly

Institutional investors have recently modified their holdings of the stock. AlphaQuest LLC raised its stake in shares of Fastly by 169.1% in the fourth quarter. AlphaQuest LLC now owns 4,710 shares of the company’s stock worth $44,000 after acquiring an additional 2,960 shares during the last quarter. FMR LLC raised 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 worth $48,000 after buying an additional 3,522 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Fastly by 128.9% during 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 last quarter. Wealthfront Advisers LLC bought a new stake in shares of Fastly during the fourth quarter worth approximately $72,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Fastly during the fourth quarter worth approximately $82,000. 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.