Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling Sells 11,269 Shares

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 11,269 shares of Fastly stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.04, for a total transaction of $90,602.76. Following the transaction, the chief financial officer now directly owns 508,543 shares in the company, valued at $4,088,685.72. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fastly Price Performance

NYSE FSLY opened at $7.28 on Friday. 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 12-month low of $5.52 and a 12-month high of $14.90. The company has a market capitalization of $1.02 billion, a PE ratio of -6.38 and a beta of 1.26. The firm’s 50 day moving average is $9.65 and its 200-day moving average is $8.12.

Fastly (NYSE:FSLY) 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%. Equities research analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its stake in shares of Fastly by 15.2% in the third quarter. Blue Trust Inc. now owns 17,420 shares of the company’s stock valued at $128,000 after buying an additional 2,296 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Fastly by 308.0% in the 3rd quarter. International Assets Investment Management LLC now owns 76,101 shares of the company’s stock worth $5,760,000 after purchasing an additional 57,448 shares in the last quarter. Entropy Technologies LP lifted its holdings in shares of Fastly by 118.7% in the 3rd quarter. Entropy Technologies LP now owns 39,803 shares of the company’s stock worth $301,000 after purchasing an additional 21,600 shares in the last quarter. Aigen Investment Management LP bought a new position in Fastly during the 3rd quarter valued at $89,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Fastly during the 3rd quarter valued at $328,000. Institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FSLY shares. Robert W. Baird lifted their price objective on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Citigroup lifted their price target on shares of Fastly from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Piper Sandler reaffirmed a “neutral” rating and issued a $9.00 price target (down previously from $10.00) on shares of Fastly in a research note on Thursday, February 13th. Oppenheimer raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Monday, December 2nd. Finally, DA Davidson lifted their price target on shares of Fastly from $5.50 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.55.

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.