Quantbot Technologies LP Acquires New Holdings in Fastly, Inc. $FSLY

Key Points

• Quantbot Technologies LP invested $659,000 in Fastly, acquiring 104,139 shares, which represents approximately 0.07% of the company's stock.
• Fastly's stock is currently trading at $7.4950, showing a 3.7% increase, with a market capitalization of $1.10 billion and a debt-to-equity ratio of 0.16.
• Recent earnings reports revealed that Fastly reported a 12.3% increase in quarterly revenue year-over-year, surpassing consensus estimates.

Quantbot Technologies LP purchased a new position in Fastly, Inc. (NYSE:FSLY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 104,139 shares of the company's stock, valued at approximately $659,000. Quantbot Technologies LP owned about 0.07% of Fastly at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSLY. Raymond James Financial Inc. bought a new position in shares of Fastly during the 4th quarter worth about $3,717,000. Mariner LLC lifted its holdings in shares of 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 period. Canada Pension Plan Investment Board bought a new position in shares of Fastly during the 4th quarter worth about $82,000. Dimensional Fund Advisors LP lifted its holdings 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 acquiring an additional 12,974 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of Fastly by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 78,889 shares of the company's stock worth $745,000 after acquiring an additional 4,360 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fastly

In other news, CTO Artur Bergman sold 19,353 shares of Fastly stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $7.33, for a total transaction of $141,857.49. Following the completion of the sale, the chief technology officer owned 3,580,263 shares in the company, valued at $26,243,327.79. The trade was a 0.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Lacey Compton III sold 15,335 shares of Fastly stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $6.88, for a total transaction of $105,504.80. Following the sale, the chief executive officer owned 673,645 shares of the company's stock, valued at approximately $4,634,677.60. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 213,345 shares of company stock worth $1,492,872 in the last 90 days. Corporate insiders own 6.70% of the company's stock.

Fastly Price Performance

Shares of NYSE FSLY traded up $0.23 during trading on Thursday, reaching $7.72. The company had a trading volume of 2,801,016 shares, compared to its average volume of 2,873,052. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.08. The stock has a market cap of $1.14 billion, a PE ratio of -7.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 1.49. The business's 50 day moving average price is $7.00 and its 200-day moving average price is $6.92.

Fastly (NYSE:FSLY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Fastly had a negative net margin of 25.85% and a negative return on equity of 11.98%. The company had revenue of $148.71 million during the quarter, compared to analysts' expectations of $144.86 million. During the same quarter in the previous year, the company earned ($0.07) EPS. Fastly's revenue was up 12.3% on a year-over-year basis. Analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FSLY shares. Morgan Stanley raised their price objective on shares of Fastly from $7.00 to $8.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Craig Hallum raised shares of Fastly from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a report on Thursday, August 7th. Piper Sandler lifted their price target on shares of Fastly from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. KeyCorp raised shares of Fastly to a "sector weight" rating in a report on Thursday, June 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Fastly from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $8.69.

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.