SG Americas Securities LLC Boosts Stock Holdings in Fastly, Inc. (NYSE:FSLY)

SG Americas Securities LLC boosted its stake in shares of Fastly, Inc. (NYSE:FSLY - Free Report) by 56.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 346,632 shares of the company's stock after buying an additional 125,275 shares during the period. SG Americas Securities LLC owned approximately 0.25% of Fastly worth $3,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in shares of Fastly in the second quarter worth approximately $38,000. FMR LLC grew its position in Fastly by 124.2% in the 3rd 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 last quarter. Aigen Investment Management LP bought a new stake in shares of Fastly during the third quarter worth $89,000. Blue Trust Inc. boosted its stake in shares of Fastly by 15.2% during the third quarter. Blue Trust Inc. now owns 17,420 shares of the company's stock valued at $128,000 after purchasing an additional 2,296 shares during the period. Finally, Cim Investment Management Inc. bought a new position in shares of Fastly in the second quarter worth about $144,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on FSLY shares. Oppenheimer raised shares of 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. Piper Sandler upped their target price on Fastly from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Craig Hallum raised their price target on Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Raymond James cut shares of Fastly from a "strong-buy" rating to a "market perform" rating in a report on Tuesday, October 1st. Finally, Robert W. Baird upped their price target on shares of Fastly from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.85.

Insider Activity

In other Fastly news, CFO Ronald W. Kisling sold 16,102 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.25, for a total transaction of $100,637.50. Following the completion of the transaction, the chief financial officer now directly owns 542,462 shares of the company's stock, valued at approximately $3,390,387.50. This trade represents a 2.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Artur Bergman sold 16,922 shares of Fastly stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.25, for a total transaction of $105,762.50. Following the sale, the chief technology officer now owns 6,138,900 shares of the company's stock, valued at approximately $38,368,125. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 247,779 shares of company stock worth $2,050,359 over the last 90 days. 6.70% of the stock is currently owned by corporate insiders.

Fastly Stock Down 1.8 %

NYSE:FSLY traded down $0.19 during midday trading on Friday, reaching $10.26. 2,399,570 shares of the stock traded hands, compared to its average volume of 1,962,546. The stock has a market capitalization of $1.44 billion, a PE ratio of -9.41 and a beta of 1.24. Fastly, Inc. has a 12-month low of $5.52 and a 12-month high of $25.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.97 and a current ratio of 3.97. The business has a 50-day moving average of $9.43 and a two-hundred day moving average of $7.88.

Fastly (NYSE:FSLY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.08. Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. The firm had revenue of $137.21 million during the quarter, compared to analyst estimates of $131.86 million. During the same quarter in the prior year, the business posted ($0.33) EPS. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts forecast that Fastly, Inc. will post -0.86 earnings per share for the current fiscal 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.