Fastly, Inc. (NYSE:FSLY - Get Free Report) CFO Ronald W. Kisling sold 2,122 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $7.19, for a total value of $15,257.18. Following the completion of the transaction, the chief financial officer now directly owns 647,599 shares in the company, valued at approximately $4,656,236.81. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Fastly Price Performance
Shares of NYSE FSLY traded down $0.07 during trading hours on Friday, reaching $7.27. 1,302,253 shares of the stock traded hands, compared to its average volume of 3,088,597. The company has a market capitalization of $1.05 billion, a P/E ratio of -6.38 and a beta of 1.47. 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, Inc. has a 52-week low of $4.65 and a 52-week high of $12.08. The company's 50-day simple moving average is $6.39 and its two-hundred day simple moving average is $7.94.
Fastly (NYSE:FSLY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. The business had revenue of $144.47 million for the quarter, compared to analysts' expectations of $138.40 million. Fastly had a negative return on equity of 12.75% and a negative net margin of 29.07%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. Equities research analysts forecast that Fastly, Inc. will post -0.78 EPS for the current year.
Institutional Investors Weigh In On Fastly
A number of large investors have recently made changes to their positions in FSLY. Vident Advisory LLC boosted its position in shares of Fastly by 4.4% during the first quarter. Vident Advisory LLC now owns 34,316 shares of the company's stock valued at $217,000 after purchasing an additional 1,438 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Fastly by 6.1% in the first quarter. Hsbc Holdings PLC now owns 27,938 shares of the company's stock worth $175,000 after acquiring an additional 1,612 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Fastly by 12.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,852 shares of the company's stock worth $113,000 after acquiring an additional 1,975 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Fastly by 0.9% in the first quarter. Federated Hermes Inc. now owns 211,638 shares of the company's stock worth $1,340,000 after acquiring an additional 1,988 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in Fastly by 169.1% in the fourth quarter. AlphaQuest LLC now owns 4,710 shares of the company's stock worth $44,000 after acquiring an additional 2,960 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on FSLY shares. Royal Bank of Canada upped their target price on Fastly from $5.00 to $6.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Piper Sandler upped their target price on Fastly from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Morgan Stanley upped their target price on Fastly from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Finally, Oppenheimer started coverage on Fastly in a research report on Thursday, March 20th. They set a "market perform" rating on the stock. Nine equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.28.
Check Out Our Latest Analysis on FSLY
About Fastly
(
Get Free Report)
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.
See Also
Before you consider Fastly, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fastly wasn't on the list.
While Fastly currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
