PDT Partners LLC Has $2.41 Million Stock Holdings in Fastly, Inc. (NYSE:FSLY)

PDT Partners LLC raised its stake in shares of Fastly, Inc. (NYSE:FSLY - Free Report) by 247.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,943 shares of the company's stock after buying an additional 181,519 shares during the period. PDT Partners LLC owned 0.18% of Fastly worth $2,407,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Fastly by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 15,289,861 shares of the company's stock worth $144,336,000 after acquiring an additional 103,440 shares during the period. Legal & General Group Plc grew its position in shares of Fastly by 2.4% in the fourth quarter. Legal & General Group Plc now owns 8,025,959 shares of the company's stock valued at $75,765,000 after purchasing an additional 189,667 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Fastly by 4.9% in the fourth quarter. First Trust Advisors LP now owns 3,139,255 shares of the company's stock worth $29,635,000 after purchasing an additional 147,458 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Fastly by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,098,509 shares of the company's stock worth $29,250,000 after purchasing an additional 12,974 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Fastly by 28.3% during the 4th quarter. Northern Trust Corp now owns 1,577,729 shares of the company's stock worth $14,894,000 after purchasing an additional 348,451 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors.

Fastly Price Performance

Shares of FSLY traded up $0.08 during mid-day trading on Friday, reaching $5.86. The company had a trading volume of 1,767,528 shares, compared to its average volume of 3,125,710. The company's 50-day moving average is $6.18 and its 200-day moving average is $7.95. 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 capitalization of $847.86 million, a P/E ratio of -5.14 and a beta of 1.47. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $12.08.

Fastly (NYSE:FSLY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.21) earnings per share (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 analysts anticipate that Fastly, Inc. will post -0.78 EPS for the current year.

Insider Transactions at Fastly

In other news, CFO Ronald W. Kisling sold 5,342 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $5.26, for a total transaction of $28,098.92. Following the transaction, the chief financial officer now directly owns 665,693 shares in the company, valued at approximately $3,501,545.18. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Artur Bergman sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $10.21, for a total transaction of $102,100.00. Following the sale, the chief technology officer now directly owns 3,374,136 shares in the company, valued at $34,449,928.56. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,903 shares of company stock valued at $900,727 in the last three months. 6.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler dropped their price target on Fastly from $9.00 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer initiated coverage on shares of Fastly in a research report on Thursday, March 20th. They set a "market perform" rating on the stock. Morgan Stanley reduced their price target on shares of Fastly from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada dropped their price objective on shares of Fastly from $10.00 to $8.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Finally, Citigroup increased their target price on shares of Fastly from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average 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.