Fastly, Inc. (NYSE:FSLY) CEO Sells $14,909.89 in Stock

Fastly, Inc. (NYSE:FSLY - Get Free Report) CEO Charles Lacey Compton III sold 2,183 shares of the firm's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $6.83, for a total transaction of $14,909.89. Following the completion of the transaction, the chief executive officer directly owned 411,203 shares in the company, valued at approximately $2,808,516.49. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Fastly Stock Up 0.5%

NYSE FSLY traded up $0.04 during trading on Monday, reaching $7.16. 1,951,686 shares of the company's stock were exchanged, compared to its average volume of 3,064,186. The stock has a market cap of $1.04 billion, a P/E ratio of -6.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 1.50. The company has a 50 day moving average price of $7.30 and a two-hundred day moving average price of $7.43. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $12.08.

Fastly (NYSE:FSLY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of $144.47 million for the quarter, compared to analyst estimates of $138.40 million. Fastly had a negative return on equity of 12.29% and a negative net margin of 27.73%. Fastly's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, equities research analysts anticipate that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Trading of Fastly

Several hedge funds and other institutional investors have recently bought and sold shares of FSLY. Charles Schwab Investment Management Inc. lifted its position in shares of Fastly by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,074,175 shares of the company's stock valued at $10,140,000 after acquiring an additional 16,533 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Fastly in the fourth quarter valued at $181,000. Raymond James Financial Inc. purchased a new stake in shares of Fastly in the fourth quarter valued at $3,717,000. Swiss National Bank lifted its holdings in shares of Fastly by 2.2% in the fourth quarter. Swiss National Bank now owns 259,000 shares of the company's stock valued at $2,445,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Fastly in the fourth quarter valued at $115,000. 79.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Fastly from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Royal Bank Of Canada boosted their price target on shares of Fastly from $5.00 to $6.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. KeyCorp raised shares of Fastly to a "sector weight" rating in a report on Thursday, June 5th. Finally, Piper Sandler boosted their price target on shares of Fastly from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $8.28.

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.

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