Trexquant Investment LP Takes Position in Fastly, Inc. (NYSE:FSLY)

Trexquant Investment LP acquired a new position in shares of Fastly, Inc. (NYSE:FSLY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 59,143 shares of the company's stock, valued at approximately $558,000.

Other large investors have also modified their holdings of the company. 180 Wealth Advisors LLC increased its holdings in shares of Fastly by 2.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 68,643 shares of the company's stock valued at $648,000 after purchasing an additional 1,695 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Fastly by 169.1% in the 4th quarter. AlphaQuest LLC now owns 4,710 shares of the company's stock valued at $44,000 after acquiring an additional 2,960 shares during the last quarter. Rhumbline Advisers raised its position in shares of Fastly by 1.6% in the 4th quarter. Rhumbline Advisers now owns 192,131 shares of the company's stock valued at $1,814,000 after acquiring an additional 3,081 shares during the period. Jones Financial Companies Lllp boosted its stake in Fastly by 128.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock worth $54,000 after acquiring an additional 3,221 shares during the last quarter. Finally, FMR LLC grew its holdings in Fastly by 124.2% during the third quarter. FMR LLC now owns 6,357 shares of the company's stock valued at $48,000 after purchasing an additional 3,522 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fastly

In other Fastly news, CTO Artur Bergman sold 31,551 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $10.31, for a total value of $325,290.81. Following the transaction, the chief technology officer now directly owns 3,394,136 shares of the company's stock, valued at $34,993,542.16. This represents a 0.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ronald W. Kisling sold 5,342 shares of Fastly stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $5.26, for a total value of $28,098.92. Following the sale, the chief financial officer now directly owns 665,693 shares of the company's stock, valued at $3,501,545.18. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 154,454 shares of company stock worth $1,327,218. 6.70% of the stock is owned by company insiders.

Fastly Stock Up 1.0 %

Shares of Fastly stock traded up $0.06 on Friday, reaching $5.38. 1,840,580 shares of the company were exchanged, compared to its average volume of 3,333,856. Fastly, Inc. has a one year low of $4.65 and a one year high of $13.36. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $6.71 and a 200 day moving average of $8.07. The company has a market capitalization of $764.86 million, a price-to-earnings ratio of -4.71 and a beta of 1.43.

Fastly (NYSE:FSLY - Get Free Report) last announced 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 net margin of 29.07% and a negative return on equity of 12.75%. On average, equities research analysts forecast that Fastly, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analyst Weigh In

FSLY has been the topic of several analyst reports. Piper Sandler cut their target price on shares of Fastly from $9.00 to $6.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Oppenheimer initiated coverage on Fastly in a report on Thursday, March 20th. They set a "market perform" rating on the stock. Royal Bank of Canada lowered their price target on Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Morgan Stanley dropped their price target on Fastly from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Citigroup boosted their price objective on Fastly from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.