Fastly, Inc. (NYSE:FSLY - Get Free Report)'s stock price was up 5.6% on Monday . The stock traded as high as $7.20 and last traded at $7.24. Approximately 264,466 shares changed hands during trading, a decline of 92% from the average daily volume of 3,138,305 shares. The stock had previously closed at $6.85.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Citigroup lifted their price target on Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 price objective (down from $10.00) on shares of Fastly in a report on Thursday, February 13th. Royal Bank of Canada cut their price objective on Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Finally, Oppenheimer assumed coverage on Fastly in a report on Thursday. They set a "market perform" rating for the company. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, Fastly has a consensus rating of "Hold" and an average target price of $8.55.
Check Out Our Latest Stock Report on Fastly
Fastly Stock Performance
The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -6.25 and a beta of 1.31. The company has a 50 day simple moving average of $8.47 and a 200-day simple moving average of $8.19.
Fastly (NYSE:FSLY - Get Free Report) last posted its 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%. As a group, equities research analysts expect that Fastly, Inc. will post -0.78 EPS for the current fiscal year.
Insider Activity at Fastly
In other Fastly news, CFO Ronald W. Kisling sold 6,038 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $9.45, for a total transaction of $57,059.10. Following the completion of the sale, the chief financial officer now owns 519,812 shares of the company's stock, valued at $4,912,223.40. This represents a 1.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Artur Bergman sold 10,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $10.09, for a total value of $100,900.00. Following the transaction, the chief technology officer now directly owns 3,434,136 shares in the company, valued at $34,650,432.24. This trade represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,699 shares of company stock worth $1,587,050. Corporate insiders own 6.70% of the company's stock.
Institutional Trading of Fastly
A number of hedge funds and other institutional investors have recently modified their holdings of the business. AlphaQuest LLC grew its position 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 purchasing an additional 2,960 shares during the period. FMR LLC raised its holdings in Fastly by 124.2% during the third 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 period. Jones Financial Companies Lllp raised its position in shares of Fastly by 128.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock valued at $54,000 after buying an additional 3,221 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Fastly in the 4th quarter worth $72,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Fastly in the fourth quarter valued at $82,000. 79.71% of the stock is owned by hedge funds and other institutional investors.
Fastly Company Profile
(
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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