Deutsche Bank AG Acquires 36,333 Shares of Fastly, Inc. (NYSE:FSLY)

Deutsche Bank AG increased its holdings in Fastly, Inc. (NYSE:FSLY - Free Report) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,409 shares of the company's stock after purchasing an additional 36,333 shares during the period. Deutsche Bank AG owned approximately 0.18% of Fastly worth $2,411,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Swiss National Bank lifted its position in Fastly by 2.2% during the 4th quarter. Swiss National Bank now owns 259,000 shares of the company's stock worth $2,445,000 after acquiring an additional 5,500 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Fastly during the 4th quarter worth $269,000. Mariner LLC lifted its position in Fastly by 18.0% during the 4th quarter. Mariner LLC now owns 22,868 shares of the company's stock worth $216,000 after acquiring an additional 3,487 shares during the last quarter. SG Americas Securities LLC lifted its position in Fastly by 56.6% during the 4th quarter. SG Americas Securities LLC now owns 346,632 shares of the company's stock worth $3,272,000 after acquiring an additional 125,275 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fastly during the 4th quarter worth $3,717,000. 79.71% of the stock is currently owned by institutional investors.

Fastly Stock Performance

NYSE:FSLY opened at $7.29 on Thursday. Fastly, Inc. has a 12-month low of $4.65 and a 12-month high of $12.08. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.05 billion, a PE ratio of -6.39 and a beta of 1.47. The firm has a 50-day moving average price of $6.36 and a 200 day moving average price of $7.96.

Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Fastly had a negative net margin of 29.07% and a negative return on equity of 12.75%. The firm had revenue of $144.47 million during the quarter, compared to analyst estimates of $138.40 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on FSLY. Royal Bank of Canada boosted their target price on shares of Fastly from $5.00 to $6.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Morgan Stanley upped their price objective on shares of Fastly from $7.00 to $8.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Piper Sandler upped their price objective on shares of Fastly from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Oppenheimer began coverage on shares of Fastly in a research report on Thursday, March 20th. They set a "market perform" rating for the company. Nine research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Fastly presently has a consensus rating of "Hold" and an average price target of $8.28.

Insiders Place Their Bets

In other news, CEO Todd Nightingale sold 8,595 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $6.87, for a total transaction of $59,047.65. Following the sale, the chief executive officer now directly owns 1,544,706 shares of the company's stock, valued at $10,612,130.22. This represents a 0.55% 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 5,304 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $6.88, for a total transaction of $36,491.52. Following the completion of the sale, the chief technology officer now owns 3,669,058 shares in the company, valued at approximately $25,243,119.04. This trade represents a 0.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,304 shares of company stock valued at $213,651. 6.70% of the stock is currently owned by insiders.

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.

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