Fastly, Inc. (NYSE:FSLY) Shares Bought by Marshall Wace LLP

Marshall Wace LLP boosted its stake in shares of Fastly, Inc. (NYSE:FSLY - Free Report) by 1,197.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,172 shares of the company's stock after buying an additional 139,520 shares during the period. Marshall Wace LLP owned 0.11% of Fastly worth $1,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC purchased a new position in shares of Fastly during the 1st quarter worth $13,724,000. Vanguard Group Inc. raised its stake in Fastly by 5.1% during the first quarter. Vanguard Group Inc. now owns 13,581,524 shares of the company's stock worth $176,152,000 after purchasing an additional 657,334 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Fastly by 94.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 960,864 shares of the company's stock valued at $12,453,000 after purchasing an additional 466,560 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Fastly in the 4th quarter valued at approximately $2,933,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Fastly by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,906,860 shares of the company's stock worth $33,942,000 after buying an additional 162,659 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company's stock.

Insider Activity at Fastly

In related news, CFO Ronald W. Kisling sold 7,449 shares of Fastly stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $8.84, for a total transaction of $65,849.16. Following the sale, the chief financial officer now directly owns 586,057 shares in the company, valued at $5,180,743.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Fastly news, CFO Ronald W. Kisling sold 7,449 shares of the business's stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $8.84, for a total value of $65,849.16. Following the completion of the sale, the chief financial officer now owns 586,057 shares in the company, valued at approximately $5,180,743.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Artur Bergman sold 19,889 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $5.96, for a total transaction of $118,538.44. Following the completion of the sale, the chief technology officer now owns 6,205,000 shares of the company's stock, valued at approximately $36,981,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $903,011 over the last three months. 6.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FSLY has been the topic of several research analyst reports. Craig Hallum lowered their price target on Fastly from $10.00 to $6.00 and set a "hold" rating for the company in a research report on Thursday, August 8th. Raymond James lowered shares of Fastly from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, October 1st. Morgan Stanley reduced their price target on shares of Fastly from $12.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 27th. Finally, Piper Sandler cut shares of Fastly from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $10.00 to $6.00 in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, Fastly presently has a consensus rating of "Hold" and an average target price of $7.81.

Fastly Stock Down 2.1 %

Shares of FSLY traded down $0.16 during midday trading on Monday, reaching $7.47. The stock had a trading volume of 1,427,400 shares, compared to its average volume of 3,666,723. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -7.47 and a beta of 1.22. The company's fifty day simple moving average is $6.70 and its two-hundred day simple moving average is $8.51. Fastly, Inc. has a 1-year low of $5.52 and a 1-year high of $25.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.13 and a quick ratio of 4.13.

Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $132.37 million for the quarter, compared to analysts' expectations of $131.62 million. Fastly had a negative return on equity of 15.22% and a negative net margin of 31.02%. Fastly's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned ($0.32) earnings per share. Equities research analysts expect that Fastly, Inc. will post -0.96 earnings per share for the current year.

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.