806,977 Shares in Fastly, Inc. (NYSE:FSLY) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new position in Fastly, Inc. (NYSE:FSLY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 806,977 shares of the company's stock, valued at approximately $7,618,000. Marshall Wace LLP owned 0.58% of Fastly as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. 180 Wealth Advisors LLC boosted its holdings in shares of Fastly by 2.5% during the 4th 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 last quarter. AlphaQuest LLC boosted its holdings in shares of Fastly by 169.1% during the 4th quarter. AlphaQuest LLC now owns 4,710 shares of the company's stock valued at $44,000 after purchasing an additional 2,960 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Fastly by 1.6% during 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 during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Fastly by 128.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock valued at $54,000 after purchasing an additional 3,221 shares during the last quarter. Finally, Mariner LLC raised its position in shares of Fastly by 18.0% during the 4th quarter. Mariner LLC now owns 22,868 shares of the company's stock valued at $216,000 after buying an additional 3,487 shares in the last quarter. Institutional investors own 79.71% of the company's stock.

Fastly Trading Down 0.3 %

FSLY traded down $0.02 during trading hours on Monday, reaching $5.85. 1,618,509 shares of the company's stock traded hands, compared to its average volume of 3,296,876. The firm has a 50-day moving average price of $6.29 and a 200 day moving average price of $7.99. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $13.36. 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 $832.46 million, a PE ratio of -5.13 and a beta of 1.43.

Fastly (NYSE:FSLY - Get Free Report) last posted 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%. As a group, sell-side analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FSLY has been the topic of several recent research reports. Royal Bank of Canada decreased their target price on shares of Fastly from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. Morgan Stanley decreased their target price on shares of Fastly from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Citigroup upped their target price on shares of Fastly from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Piper Sandler decreased their target price on shares of Fastly from $9.00 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Oppenheimer initiated coverage on shares of Fastly in a research report on Thursday, March 20th. They set a "market perform" rating on the stock. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.25.

Insiders Place Their Bets

In other Fastly news, CFO Ronald W. Kisling sold 5,342 shares of the company's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $5.26, for a total value of $28,098.92. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Artur Bergman sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $10.21, for a total value of $102,100.00. Following the completion of the sale, the chief technology officer now owns 3,374,136 shares of the company's stock, valued at $34,449,928.56. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,903 shares of company stock worth $900,727. 6.70% of the stock is currently owned by company 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.