Universal Beteiligungs und Servicegesellschaft mbH Makes New $386,000 Investment in Fastly, Inc. (NYSE:FSLY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment in Fastly, Inc. worth approximately $386,000, acquiring 60,921 shares during the 1st quarter.
• A number of analysts have upgraded their price targets for Fastly, with the consensus rating being "Hold" and a target price of $8.28.
• Insider trading activity shows that both the CFO and CEO have sold shares recently, with total insider sales amounting to $1,138,628 over the last three months.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Fastly, Inc. (NYSE:FSLY - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 60,921 shares of the company's stock, valued at approximately $386,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 5,945 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Fastly during the 4th quarter worth about $82,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Fastly during the 1st quarter worth about $91,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Fastly in the 4th quarter valued at about $105,000. Finally, CWM LLC boosted its stake in Fastly by 37.9% during the 1st quarter. CWM LLC now owns 17,371 shares of the company's stock worth $110,000 after acquiring an additional 4,777 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FSLY. Royal Bank Of Canada lifted their price objective on shares of Fastly from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Thursday. 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 research report on Thursday. KeyCorp raised shares of Fastly to a "sector weight" rating in a report on Thursday, June 5th. 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. Finally, Morgan Stanley boosted their price objective on Fastly from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Fastly has a consensus rating of "Hold" and a consensus target price of $8.61.

Fastly Trading Up 13.4%

Fastly stock traded up $0.88 during mid-day trading on Thursday, hitting $7.40. The company's stock had a trading volume of 8,211,205 shares, compared to its average volume of 2,884,603. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.08. The stock has a market cap of $1.07 billion, a PE ratio of -6.80 and a beta of 1.19. The company has a 50 day moving average of $7.09 and a 200-day moving average of $7.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 1.50.

Fastly (NYSE:FSLY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $148.71 million for the quarter, compared to analyst estimates of $144.86 million. Fastly had a negative return on equity of 12.29% and a negative net margin of 27.73%. The company's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. On average, research analysts anticipate that Fastly, Inc. will post -0.78 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Todd Nightingale sold 12,547 shares of Fastly stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $7.19, for a total value of $90,212.93. Following the completion of the sale, the chief executive officer directly owned 1,904,388 shares of the company's stock, valued at approximately $13,692,549.72. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ronald W. Kisling sold 12,000 shares of Fastly stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $7.41, for a total value of $88,920.00. Following the sale, the chief financial officer directly owned 635,053 shares of the company's stock, valued at $4,705,742.73. This trade represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,124 shares of company stock valued at $1,138,628 over the last quarter. 6.70% of the stock is owned by insiders.

About Fastly

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.