Fastly, Inc. (NYSE:FSLY) CEO Sells $285,492.36 in Stock

Fastly, Inc. (NYSE:FSLY) CEO Todd Nightingale sold 35,509 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.04, for a total transaction of $285,492.36. Following the completion of the sale, the chief executive officer now owns 1,553,301 shares in the company, valued at approximately $12,488,540.04. This trade represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Todd Nightingale also recently made the following trade(s):

• On Monday, November 25th, Todd Nightingale sold 12,163 shares of Fastly stock. The stock was sold at an average price of $8.12, for a total transaction of $98,763.56.

Fastly Price Performance

Shares of FSLY opened at $7.28 on Friday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.38 and a beta of 1.26. Fastly, Inc. has a fifty-two week low of $5.52 and a fifty-two week high of $14.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 3.97. The business’s 50-day moving average is $9.65 and its 200-day moving average is $8.12.

Fastly (NYSE:FSLY) last issued its earnings results on Wednesday, February 12th. The company reported ($0.21) earnings per share 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 expect that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FSLY. Royal Bank of Canada dropped their price target 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. Craig Hallum boosted their price target on shares of Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. DA Davidson boosted their price target on shares of Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.55.

Hedge Funds Weigh In On Fastly

A number of large investors have recently made changes to their positions in FSLY. 180 Wealth Advisors LLC grew its stake in shares of Fastly by 2.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 68,643 shares of the company’s stock valued at $648,000 after buying an additional 1,695 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Fastly by 15.2% in the 3rd 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 in the last quarter. AlphaQuest LLC grew its stake in shares of Fastly by 169.1% in the 4th quarter. AlphaQuest LLC now owns 4,710 shares of the company’s stock valued at $44,000 after buying an additional 2,960 shares in the last quarter. Rhumbline Advisers grew its stake in shares of 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 buying an additional 3,081 shares in the last quarter. Finally, Jones Financial Companies Lllp grew 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 in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.