Fastly, Inc. (NYSE:FSLY - Get Free Report) CFO Ronald W. Kisling sold 11,269 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.04, for a total value of $90,602.76. Following the transaction, the chief financial officer now owns 508,543 shares in the company, valued at approximately $4,088,685.72. This represents a 2.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Fastly Stock Performance
Shares of FSLY traded down $0.15 during mid-day trading on Tuesday, reaching $6.77. 1,354,827 shares of the company's stock were exchanged, compared to its average volume of 3,136,463. The stock has a market capitalization of $949.13 million, a PE ratio of -5.93 and a beta of 1.26. The business's fifty day simple moving average is $9.57 and its 200-day simple moving average is $8.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 3.97. Fastly, Inc. has a 52-week low of $5.52 and a 52-week high of $14.76.
Fastly (NYSE:FSLY - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.21) earnings per share 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%. On average, equities research analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Oppenheimer raised Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Monday, December 2nd. Citigroup boosted their price target on Fastly from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Craig Hallum lifted their price target 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. DA Davidson raised their target price on shares of Fastly from $5.50 to $7.50 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Fastly presently has an average rating of "Hold" and an average price target of $8.55.
Check Out Our Latest Stock Analysis on FSLY
Institutional Trading of Fastly
A number of hedge funds have recently modified their holdings of the business. Alyeska Investment Group L.P. acquired a new position in Fastly in the 4th quarter valued at approximately $35,334,000. Bank of Montreal Can lifted its stake in shares of Fastly by 11,140.2% in the third quarter. Bank of Montreal Can now owns 1,305,101 shares of the company's stock valued at $9,867,000 after buying an additional 1,293,490 shares during the period. Marshall Wace LLP acquired a new position in Fastly in the fourth quarter worth about $7,618,000. Penserra Capital Management LLC raised its stake in shares of Fastly by 18.8% in the third quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company's stock worth $38,418,000 after acquiring an additional 801,968 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Fastly during the fourth quarter worth $7,088,000. Hedge funds and other institutional investors own 79.71% of the company's stock.
About Fastly
(
Get Free Report)
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.
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