Insider Selling: Fastly, Inc. (NYSE:FSLY) CEO Sells 8,595 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CEO Todd Nightingale sold 8,595 shares of Fastly stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $6.87, for a total transaction of $59,047.65. Following the sale, the chief executive officer now owns 1,544,706 shares of the company’s stock, valued at approximately $10,612,130.22. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 19th, Todd Nightingale sold 35,509 shares of Fastly stock. The shares were sold at an average price of $8.04, for a total transaction of $285,492.36.

Fastly Trading Up 0.8 %

NYSE FSLY opened at $6.79 on Friday. The company’s fifty day simple moving average is $9.27 and its 200-day simple moving average is $8.14. Fastly, Inc. has a 52 week low of $5.52 and a 52 week high of $14.76. 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 stock has a market cap of $951.94 million, a P/E ratio of -5.95 and a beta of 1.26.

Fastly (NYSE:FSLY) last posted its earnings results on Wednesday, February 12th. The company reported ($0.21) EPS 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%. Equities research analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FSLY. AlphaQuest LLC lifted its position in shares of Fastly by 169.1% during the fourth quarter. AlphaQuest LLC now owns 4,710 shares of the company’s stock worth $44,000 after purchasing an additional 2,960 shares in the last quarter. FMR LLC boosted its stake in Fastly by 124.2% during the 3rd quarter. FMR LLC now owns 6,357 shares of the company’s stock valued at $48,000 after acquiring an additional 3,522 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Fastly by 128.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company’s stock worth $54,000 after acquiring an additional 3,221 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Fastly in the 4th quarter worth about $72,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Fastly in the 4th quarter valued at about $82,000. 79.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on FSLY. Craig Hallum boosted their target price on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a report 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 for the company in a report on Monday, December 2nd. Citigroup boosted their target price 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 lowered their target price 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, Robert W. Baird boosted their price objective 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.55.

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.