Ronald W. Kisling Sells 2,920 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 2,920 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $8.12, for a total transaction of $23,710.40. Following the completion of the sale, the chief financial officer now directly owns 539,542 shares in the company, valued at $4,381,081.04. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Fastly Price Performance

Shares of NYSE FSLY opened at $7.92 on Friday. Fastly, Inc. has a 12 month low of $5.52 and a 12 month high of $25.87. The stock has a 50 day moving average of $7.36 and a 200-day moving average of $7.28. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $137.21 million for the quarter, compared to analyst estimates of $131.86 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that Fastly, Inc. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley dropped their target price on Fastly from $12.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Craig Hallum boosted their price objective on shares of Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Raymond James downgraded shares of Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Royal Bank of Canada raised their price objective on Fastly from $6.00 to $7.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, DA Davidson upped their target price on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.94.

Institutional Investors Weigh In On Fastly

A number of large investors have recently bought and sold shares of FSLY. Cambridge Trust Co. bought a new stake in shares of Fastly during the 1st quarter worth approximately $39,000. Cape Investment Advisory Inc. increased its stake 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 purchasing an additional 4,150 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Fastly during the 2nd quarter worth $38,000. FMR LLC boosted its stake in Fastly by 124.2% in 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 in the last quarter. Finally, EMC Capital Management grew its position in Fastly by 400.0% in the second quarter. EMC Capital Management now owns 7,500 shares of the company’s stock valued at $54,000 after acquiring an additional 6,000 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.

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.