XTX Topco Ltd Makes New Investment in Fastly, Inc. (NYSE:FSLY)

XTX Topco Ltd acquired a new position in shares of Fastly, Inc. (NYSE:FSLY - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,806 shares of the company's stock, valued at approximately $400,000.

Several other institutional investors also recently modified their holdings of FSLY. Penserra Capital Management LLC lifted its stake in Fastly by 18.8% during the third quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company's stock worth $38,418,000 after purchasing an additional 801,968 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Fastly by 11,140.2% during the 3rd quarter. Bank of Montreal Can now owns 1,305,101 shares of the company's stock valued at $9,867,000 after buying an additional 1,293,490 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Fastly by 18.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,057,642 shares of the company's stock worth $8,006,000 after buying an additional 161,070 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Fastly by 461.5% in the second quarter. Point72 Asset Management L.P. now owns 756,380 shares of the company's stock worth $5,575,000 after buying an additional 621,680 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Fastly by 77.5% during the third quarter. SG Americas Securities LLC now owns 221,357 shares of the company's stock valued at $1,676,000 after acquiring an additional 96,664 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors.

Fastly Stock Up 6.4 %

FSLY stock traded up $0.67 during midday trading on Monday, hitting $11.15. The stock had a trading volume of 3,761,690 shares, compared to its average volume of 3,594,498. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 3.97. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -10.23 and a beta of 1.27. The business has a 50-day moving average of $8.04 and a two-hundred day moving average of $7.40. Fastly, Inc. has a 52-week low of $5.52 and a 52-week high of $25.87.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FSLY. DA Davidson boosted their price objective on shares of Fastly from $5.50 to $7.50 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Oppenheimer upgraded 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 report on Monday, December 2nd. Piper Sandler lifted their price objective on Fastly from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Robert W. Baird increased their target price on Fastly from $7.00 to $8.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Raymond James cut Fastly from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Fastly currently has an average rating of "Hold" and a consensus target price of $8.55.

Insider Activity at Fastly

In other news, CFO Ronald W. Kisling sold 16,102 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.25, for a total value of $100,637.50. Following the completion of the transaction, the chief financial officer now owns 542,462 shares in the company, valued at $3,390,387.50. The trade was a 2.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Artur Bergman sold 49,178 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $8.07, for a total value of $396,866.46. Following the sale, the chief technology officer now directly owns 6,155,822 shares in the company, valued at $49,677,483.54. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 215,241 shares of company stock valued at $1,699,684 in the last 90 days. Corporate insiders own 6.70% of the company's stock.

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.