Fastly, Inc. (NYSE:FSLY) CEO Todd Nightingale Sells 35,509 Shares

Fastly, Inc. (NYSE:FSLY - Get Free Report) CEO Todd Nightingale sold 35,509 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.04, for a total value of $285,492.36. Following the completion of the transaction, the chief executive officer now directly owns 1,553,301 shares of the company's stock, valued at $12,488,540.04. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 25th, Todd Nightingale sold 12,163 shares of Fastly stock. The stock was sold at an average price of $8.12, for a total value of $98,763.56.

Fastly Stock Down 2.1 %

Shares of FSLY stock traded down $0.15 during trading hours on Tuesday, hitting $6.77. 1,354,827 shares of the company were exchanged, compared to its average volume of 3,136,463. Fastly, Inc. has a one year low of $5.52 and a one year high of $14.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.97 and a current ratio of 3.97. The stock has a market capitalization of $949.13 million, a price-to-earnings ratio of -5.93 and a beta of 1.26. The business's 50-day simple moving average is $9.57 and its two-hundred day simple moving average is $8.14.

Fastly (NYSE:FSLY - Get Free Report) last released 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 return on equity of 12.75% and a negative net margin of 29.07%. Sell-side analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Fastly

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC boosted its position in Fastly by 2.5% during the 4th quarter. 180 Wealth Advisors LLC now owns 68,643 shares of the company's stock worth $648,000 after acquiring an additional 1,695 shares during the period. Blue Trust Inc. boosted its position in Fastly by 15.2% during the third quarter. Blue Trust Inc. now owns 17,420 shares of the company's stock worth $128,000 after purchasing an additional 2,296 shares during the period. AlphaQuest LLC raised its holdings in Fastly by 169.1% in the 4th 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 period. Rhumbline Advisers lifted its position in 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 acquiring an additional 3,081 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Fastly by 128.9% in the fourth 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 last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on FSLY shares. Craig Hallum upped their price objective on shares of Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Piper Sandler reiterated a "neutral" rating and issued a $9.00 target price (down from $10.00) on shares of Fastly in a research note on Thursday, February 13th. Citigroup lifted their price target on 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 dropped their price target on shares of Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. Finally, Oppenheimer upgraded Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Fastly presently has a consensus rating of "Hold" and a consensus price target 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.