Fastly, Inc. (NYSE:FSLY) CFO Sells $28,098.92 in Stock

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 5,342 shares of the company’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $5.26, for a total transaction of $28,098.92. Following the transaction, the chief financial officer now owns 665,693 shares in the company, valued at $3,501,545.18. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fastly Stock Performance

NYSE:FSLY opened at $5.38 on Friday. 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 firm has a market cap of $764.86 million, a PE ratio of -4.71 and a beta of 1.43. The firm has a 50 day simple moving average of $6.62 and a 200-day simple moving average of $8.06. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $13.36.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on FSLY. Oppenheimer began coverage on Fastly in a research note on Thursday, March 20th. They issued a “market perform” rating for the company. Citigroup lifted their price target on Fastly from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Piper Sandler lowered their price objective on shares of Fastly from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada cut their target price on shares of Fastly from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Finally, Morgan Stanley lowered their price target 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. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.25.

Hedge Funds Weigh In On Fastly

Several large investors have recently added to or reduced their stakes in FSLY. AlphaQuest LLC increased its stake 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 acquiring an additional 2,960 shares during the last quarter. GAMMA Investing LLC grew its holdings in Fastly by 451.7% in the first quarter. GAMMA Investing LLC now owns 7,261 shares of the company’s stock valued at $46,000 after purchasing an additional 5,945 shares during the period. FMR LLC increased its position in Fastly by 124.2% during the third quarter. FMR LLC now owns 6,357 shares of the company’s stock worth $48,000 after purchasing an additional 3,522 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Fastly by 128.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company’s stock worth $54,000 after purchasing an additional 3,221 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Fastly during the 4th quarter valued at $72,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

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.