Fastly, Inc. (NYSE:FSLY) CFO Sells $14,172.81 in Stock

Fastly, Inc. (NYSE:FSLY - Get Free Report) CFO Ronald W. Kisling sold 2,063 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $6.87, for a total transaction of $14,172.81. Following the sale, the chief financial officer now directly owns 506,480 shares in the company, valued at $3,479,517.60. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Fastly Trading Down 3.1 %

Shares of FSLY stock traded down $0.21 during trading hours on Monday, hitting $6.60. 2,237,481 shares of the company were exchanged, compared to its average volume of 3,130,166. The company has a 50 day simple moving average of $9.27 and a two-hundred day simple moving average of $8.17. The firm has a market cap of $925.70 million, a P/E ratio of -5.79 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.97 and a current ratio of 3.97. Fastly, Inc. has a fifty-two week low of $5.52 and a fifty-two week high of $14.76.

Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly 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 analysts anticipate that Fastly, Inc. will post -0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

FSLY has been the subject of several analyst reports. DA Davidson raised their target price on Fastly from $5.50 to $7.50 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Oppenheimer upgraded Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a research report on Monday, December 2nd. Craig Hallum upped their target price on Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Fastly from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Citigroup boosted their price target on shares of Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.55.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of Fastly by 308.0% during the third quarter. International Assets Investment Management LLC now owns 76,101 shares of the company's stock valued at $5,760,000 after acquiring an additional 57,448 shares in the last quarter. Entropy Technologies LP increased its stake in Fastly by 118.7% during the 3rd quarter. Entropy Technologies LP now owns 39,803 shares of the company's stock valued at $301,000 after purchasing an additional 21,600 shares in the last quarter. Aigen Investment Management LP acquired a new position in Fastly during the third quarter worth $89,000. Intech Investment Management LLC bought a new position in shares of Fastly in the third quarter valued at $328,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Fastly by 18.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,057,642 shares of the company's stock valued at $8,006,000 after buying an additional 161,070 shares during the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

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.