Marshall Wace LLP Makes New Investment in Fastly, Inc. (NYSE:FSLY)

Marshall Wace LLP purchased a new stake in shares of Fastly, Inc. (NYSE:FSLY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 806,977 shares of the company's stock, valued at approximately $7,618,000. Marshall Wace LLP owned approximately 0.58% of Fastly at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC grew its holdings in shares of Fastly by 169.1% during 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 in the last quarter. FMR LLC lifted its position in Fastly by 124.2% in the third quarter. FMR LLC now owns 6,357 shares of the company's stock worth $48,000 after purchasing an additional 3,522 shares during the period. Jones Financial Companies Lllp boosted its stake in Fastly by 128.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock worth $54,000 after buying an additional 3,221 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Fastly in the 4th quarter valued at $72,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Fastly in the 4th quarter valued at $83,000. Institutional investors and hedge funds own 79.71% of the company's stock.

Fastly Stock Performance

Shares of NYSE:FSLY opened at $5.37 on Wednesday. The business has a fifty day moving average of $6.47 and a 200-day moving average of $8.03. 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 twelve month low of $4.65 and a twelve month high of $13.36. The firm has a market cap of $764.15 million, a PE ratio of -4.71 and a beta of 1.43.

Fastly (NYSE:FSLY - Get Free Report) last posted 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%. On average, equities research analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Insider Transactions at Fastly

In other Fastly news, CFO Ronald W. Kisling sold 5,342 shares of the firm'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 value of $28,098.92. Following the transaction, the chief financial officer now directly owns 665,693 shares of the company's stock, valued at approximately $3,501,545.18. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd Nightingale sold 35,509 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.04, for a total transaction of $285,492.36. Following the sale, the chief executive officer now 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 position. The disclosure for this sale can be found here. Insiders sold a total of 154,454 shares of company stock worth $1,327,218 over the last 90 days. 6.70% of the stock is owned by insiders.

Analysts Set New Price Targets

FSLY has been the subject of several recent research reports. Citigroup increased 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. Piper Sandler dropped their target price on Fastly from $9.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Oppenheimer assumed coverage on Fastly in a research note on Thursday, March 20th. They issued a "market perform" rating on the stock. Royal Bank of Canada dropped their price objective on Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Finally, Morgan Stanley reduced their target price on shares of Fastly from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, Fastly has an average rating of "Hold" and an average price target of $8.25.

Fastly 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.

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