Fastly, Inc. (NYSE:FSLY) CEO Todd Nightingale Sells 8,595 Shares

Fastly, Inc. (NYSE:FSLY - Get Free Report) CEO Todd Nightingale sold 8,595 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $6.87, for a total transaction of $59,047.65. Following the completion of the transaction, the chief executive officer now directly owns 1,544,706 shares in the company, valued at $10,612,130.22. The trade was a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Todd Nightingale also recently made the following trade(s):

• On Wednesday, February 19th, Todd Nightingale sold 35,509 shares of Fastly stock. The shares were sold at an average price of $8.04, for a total value of $285,492.36.

Fastly Trading Down 3.1 %

FSLY stock traded down $0.21 on Monday, reaching $6.60. The company's stock had a trading volume of 2,237,481 shares, compared to its average volume of 3,130,166. The firm has a market cap of $925.70 million, a PE ratio of -5.79 and a beta of 1.26. The business has a fifty day simple moving average of $9.27 and a two-hundred day simple moving average of $8.17. Fastly, Inc. has a 12-month low of $5.52 and a 12-month high of $14.76. 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 (NYSE:FSLY - Get Free Report) last announced 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 net margin of 29.07% and a negative return on equity of 12.75%. As a group, research analysts forecast that Fastly, Inc. will post -0.78 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of Montreal Can grew its stake in Fastly by 11,140.2% in the third quarter. Bank of Montreal Can now owns 1,305,101 shares of the company's stock worth $9,867,000 after purchasing an additional 1,293,490 shares during the period. Quadrature Capital Ltd grew its position in shares of Fastly by 84.2% in the 3rd quarter. Quadrature Capital Ltd now owns 112,085 shares of the company's stock worth $848,000 after buying an additional 51,224 shares during the period. Penserra Capital Management LLC grew its position in shares of Fastly by 18.8% in the 3rd quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company's stock worth $38,418,000 after buying an additional 801,968 shares during the period. XTX Topco Ltd bought a new position in shares of Fastly in the 3rd quarter worth about $400,000. Finally, Zacks Investment Management purchased a new position in Fastly during the 3rd quarter valued at about $914,000. Institutional investors own 79.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FSLY. Citigroup boosted their target price on Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Royal Bank of Canada cut their price objective on shares of Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. DA Davidson increased their target price on shares of Fastly from $5.50 to $7.50 and gave the company a "neutral" rating in a report on Thursday, November 7th. Oppenheimer raised shares of Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 price target for the company in a research note on Monday, December 2nd. Finally, Robert W. Baird raised their price objective on Fastly from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.55.

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.