Fastly, Inc. (NYSE:FSLY) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in Fastly, Inc. (NYSE:FSLY - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,139,255 shares of the company's stock after buying an additional 147,458 shares during the period. First Trust Advisors LP owned approximately 2.24% of Fastly worth $29,635,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FSLY. 180 Wealth Advisors LLC boosted its stake in shares of Fastly by 2.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 68,643 shares of the company's stock valued at $648,000 after purchasing an additional 1,695 shares during the period. AlphaQuest LLC increased its holdings in Fastly by 169.1% during the 4th quarter. AlphaQuest LLC now owns 4,710 shares of the company's stock worth $44,000 after purchasing an additional 2,960 shares during the period. Rhumbline Advisers raised its position in Fastly by 1.6% in the 4th quarter. Rhumbline Advisers now owns 192,131 shares of the company's stock valued at $1,814,000 after purchasing an additional 3,081 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Fastly by 128.9% in the 4th quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock valued at $54,000 after buying an additional 3,221 shares during the period. Finally, Mariner LLC increased its stake in shares of Fastly by 18.0% during the fourth quarter. Mariner LLC now owns 22,868 shares of the company's stock worth $216,000 after buying an additional 3,487 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FSLY has been the subject of several analyst reports. Citigroup boosted their price target on shares of Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Royal Bank of Canada lowered their target price on shares of Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Oppenheimer assumed coverage on Fastly in a research note on Thursday, March 20th. They issued a "market perform" rating on the stock. Piper Sandler decreased their price target on Fastly from $9.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley cut their target price on Fastly from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat.com, Fastly has a consensus rating of "Hold" and an average price target of $8.25.

Insider Buying and Selling at Fastly

In related news, CTO Artur Bergman sold 10,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $10.58, for a total transaction of $105,800.00. Following the completion of the sale, the chief technology officer now directly owns 3,364,136 shares of the company's stock, valued at $35,592,558.88. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Nightingale sold 35,509 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.04, for a total transaction of $285,492.36. Following the transaction, the chief executive officer now owns 1,553,301 shares of the company's stock, valued at approximately $12,488,540.04. The trade was a 2.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,903 shares of company stock worth $900,727. 6.70% of the stock is owned by company insiders.

Fastly Stock Performance

NYSE:FSLY traded down $0.14 during mid-day trading on Wednesday, reaching $5.75. 1,690,014 shares of the stock were exchanged, compared to its average volume of 3,284,227. The stock has a market capitalization of $831.94 million, a P/E ratio of -5.04 and a beta of 1.43. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $13.36. The company has a 50 day simple moving average of $6.22 and a 200-day simple moving average of $7.96. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36.

Fastly (NYSE:FSLY - Get Free Report) last announced its earnings results 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 return on equity of 12.75% and a negative net margin of 29.07%. Analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

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.