Cwm LLC Has $124,000 Stock Holdings in Fastly, Inc. (NYSE:FSLY)

Cwm LLC trimmed its position in shares of Fastly, Inc. (NYSE:FSLY) by 26.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,415 shares of the company’s stock after selling 5,851 shares during the period. Cwm LLC’s holdings in Fastly were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in Fastly in the second quarter valued at approximately $38,000. Cambridge Trust Co. bought a new position in shares of Fastly during the 1st quarter valued at $39,000. Cape Investment Advisory Inc. lifted 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. EMC Capital Management boosted its holdings in Fastly by 400.0% in the second quarter. EMC Capital Management now owns 7,500 shares of the company’s stock worth $54,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Fastly by 95.3% during the second quarter. Daiwa Securities Group Inc. now owns 8,849 shares of the company’s stock worth $65,000 after buying an additional 4,318 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLY has been the subject of a number of analyst reports. Piper Sandler cut Fastly from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $10.00 to $6.00 in a research report on Thursday, August 8th. Morgan Stanley reduced their target price on Fastly from $12.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. Raymond James cut Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Finally, Craig Hallum dropped their price target on shares of Fastly from $10.00 to $6.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, Fastly has an average rating of “Hold” and an average target price of $7.81.

Insiders Place Their Bets

In other news, CEO Todd Nightingale sold 66,066 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $6.18, for a total transaction of $408,287.88. Following the completion of the transaction, the chief executive officer now owns 1,662,952 shares of the company’s stock, valued at approximately $10,277,043.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Todd Nightingale sold 66,066 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $6.18, for a total transaction of $408,287.88. Following the sale, the chief executive officer now directly owns 1,662,952 shares in the company, valued at approximately $10,277,043.36. The trade was a 0.00 % 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. Also, CFO Ronald W. Kisling sold 15,933 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $6.18, for a total value of $98,465.94. Following the completion of the transaction, the chief financial officer now directly owns 570,124 shares of the company’s stock, valued at approximately $3,523,366.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $891,093 in the last ninety days. Insiders own 6.70% of the company’s stock.

Fastly Stock Performance

FSLY opened at $7.29 on Friday. The company has a quick ratio of 4.13, a current ratio of 4.13 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $6.81 and its two-hundred day moving average price is $8.04. The firm has a market capitalization of $995.41 million, a P/E ratio of -7.29 and a beta of 1.22. Fastly, Inc. has a 12-month low of $5.52 and a 12-month high of $25.87.

Fastly (NYSE:FSLY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. Fastly had a negative net margin of 31.02% and a negative return on equity of 15.22%. The business had revenue of $132.37 million for the quarter, compared to the consensus estimate of $131.62 million. During the same quarter last year, the company posted ($0.32) earnings per share. Fastly’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Fastly, Inc. will post -0.96 earnings per share for the current year.

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.