Tudor Investment Corp ET AL Purchases Shares of 304,220 Fastly, Inc. (NYSE:FSLY)

Tudor Investment Corp ET AL acquired a new stake in Fastly, Inc. (NYSE:FSLY - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 304,220 shares of the company's stock, valued at approximately $2,872,000. Tudor Investment Corp ET AL owned about 0.22% of Fastly at the end of the most recent reporting period.

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

Fastly Trading Up 1.2 %

FSLY traded up $0.07 during midday trading on Tuesday, hitting $5.87. 3,662,329 shares of the company were exchanged, compared to its average volume of 3,122,705. The firm has a market capitalization of $848.87 million, a P/E ratio of -5.15 and a beta of 1.47. The firm's 50 day moving average price is $6.15 and its 200-day moving average price is $7.94. 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 1-year low of $4.65 and a 1-year high of $12.08.

Fastly (NYSE:FSLY - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative return on equity of 12.75% and a negative net margin of 29.07%. As a group, equities analysts forecast that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FSLY has been the subject of several analyst reports. Oppenheimer began coverage on shares of Fastly in a research report on Thursday, March 20th. They issued a "market perform" rating for the company. Piper Sandler lowered 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. Citigroup raised their price objective on Fastly from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Royal Bank of Canada lowered their target price on Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Finally, Morgan Stanley dropped their target price on shares of Fastly from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $8.28.

Insider Activity at Fastly

In other news, CTO Artur Bergman sold 10,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $10.58, for a total value of $105,800.00. Following the transaction, the chief technology officer now directly owns 3,364,136 shares of the company's stock, valued at $35,592,558.88. The trade was a 0.30 % decrease in their position. 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 dated Wednesday, February 19th. The shares were sold at an average price of $8.04, for a total value of $285,492.36. Following the sale, the chief executive officer now owns 1,553,301 shares in the company, 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. Insiders have sold a total of 102,903 shares of company stock worth $798,627 over the last quarter. Company insiders own 6.70% of the company's stock.

Fastly Company 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.