Fastly, Inc. (NYSE:FSLY) CFO Sells $28,098.92 in Stock

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 5,342 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $5.26, for a total transaction of $28,098.92. Following the completion of the sale, the chief financial officer now directly owns 665,693 shares of the company’s stock, valued at $3,501,545.18. The trade was a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Fastly Stock Performance

Shares of FSLY opened at $5.38 on Friday. The stock has a market capitalization of $764.86 million, a price-to-earnings ratio of -4.71 and a beta of 1.43. Fastly, Inc. has a 12 month low of $4.65 and a 12 month high of $13.36. The firm has a fifty day simple moving average of $6.71 and a 200 day simple moving average of $8.07. 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 announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative net margin of 29.07% and a negative return on equity of 12.75%. Research analysts forecast that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Fastly

A number of institutional investors and hedge funds have recently made changes to their positions in FSLY. 180 Wealth Advisors LLC grew its stake in shares of Fastly by 2.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 68,643 shares of the company’s stock valued at $648,000 after buying an additional 1,695 shares in the last quarter. AlphaQuest LLC grew its position in shares of Fastly by 169.1% in the 4th quarter. AlphaQuest LLC now owns 4,710 shares of the company’s stock valued at $44,000 after acquiring an additional 2,960 shares during the period. Rhumbline Advisers increased its stake in shares of Fastly by 1.6% during the 4th quarter. Rhumbline Advisers now owns 192,131 shares of the company’s stock worth $1,814,000 after purchasing an additional 3,081 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Fastly by 128.9% in the 4th quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company’s stock valued at $54,000 after purchasing an additional 3,221 shares during the period. Finally, Mariner LLC raised its holdings in shares of Fastly by 18.0% in the 4th quarter. Mariner LLC now owns 22,868 shares of the company’s stock valued at $216,000 after purchasing an additional 3,487 shares during the period. Institutional investors own 79.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on FSLY shares. Piper Sandler reduced their target price on Fastly from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on Fastly from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Oppenheimer started coverage on shares of Fastly in a report on Thursday, March 20th. They set a “market perform” rating on the stock. Citigroup upped 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. Finally, Morgan Stanley dropped their price objective on shares of Fastly from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.25.

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.