Fastly, Inc. (NYSE:FSLY) CEO Todd Nightingale Sells 12,547 Shares

Fastly, Inc. (NYSE:FSLY - Get Free Report) CEO Todd Nightingale sold 12,547 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $7.19, for a total transaction of $90,212.93. Following the completion of the sale, the chief executive officer now directly owns 1,904,388 shares of the company's stock, valued at $13,692,549.72. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, May 28th, Todd Nightingale sold 3,188 shares of Fastly stock. The stock was sold at an average price of $7.42, for a total transaction of $23,654.96.

Fastly Stock Performance

FSLY stock traded down $0.07 during trading on Friday, hitting $7.27. 1,302,253 shares of the company traded hands, compared to its average volume of 3,088,597. The stock's 50-day simple moving average is $6.39 and its 200 day simple moving average is $7.94. 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 company has a market cap of $1.05 billion, a PE ratio of -6.38 and a beta of 1.47. 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 quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.01. The business had revenue of $144.47 million during the quarter, compared to analysts' expectations of $138.40 million. Fastly had a negative return on equity of 12.75% and a negative net margin of 29.07%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. On average, equities analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Institutional Trading of Fastly

Several large investors have recently made changes to their positions in the company. AlphaQuest LLC boosted its stake in Fastly by 169.1% during the fourth quarter. AlphaQuest LLC now owns 4,710 shares of the company's stock worth $44,000 after buying an additional 2,960 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Fastly by 128.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock worth $54,000 after buying an additional 3,221 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Fastly in the 1st quarter valued at $38,000. GAMMA Investing LLC lifted its stake in Fastly by 451.7% during the 1st quarter. GAMMA Investing LLC now owns 7,261 shares of the company's stock worth $46,000 after acquiring an additional 5,945 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Fastly during the 4th quarter worth about $72,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FSLY has been the subject of several recent analyst reports. Royal Bank of Canada upped their price target on Fastly from $5.00 to $6.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Oppenheimer initiated coverage on Fastly in a research note on Thursday, March 20th. They issued a "market perform" rating for the company. Morgan Stanley upped their price target on Fastly from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Finally, Piper Sandler upped their price target on Fastly from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.