Fastly, Inc. (NYSE:FSLY) CFO Sells $90,602.76 in Stock

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 11,269 shares of Fastly stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.04, for a total value of $90,602.76. Following the sale, the chief financial officer now directly owns 508,543 shares of the company’s stock, valued at $4,088,685.72. This represents a 2.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Fastly Stock Performance

Fastly stock opened at $7.28 on Monday. Fastly, Inc. has a 12-month low of $5.52 and a 12-month high of $14.90. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $9.65 and its two-hundred day moving average price is $8.14. The stock has a market cap of $1.02 billion, a PE ratio of -6.38 and a beta of 1.26.

Fastly (NYSE:FSLY) last released its earnings results 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%. As a group, analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in shares of Fastly by 11,140.2% during the third quarter. Bank of Montreal Can now owns 1,305,101 shares of the company’s stock valued at $9,867,000 after purchasing an additional 1,293,490 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of Fastly by 84.2% during the third quarter. Quadrature Capital Ltd now owns 112,085 shares of the company’s stock valued at $848,000 after purchasing an additional 51,224 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Fastly by 18.8% during the third quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company’s stock valued at $38,418,000 after purchasing an additional 801,968 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Fastly during the third quarter valued at about $400,000. Finally, Zacks Investment Management acquired a new stake in shares of Fastly during the third quarter valued at about $914,000. Institutional investors own 79.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FSLY. DA Davidson lifted their target price on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Citigroup lifted their target price on Fastly from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Robert W. Baird raised their price target on Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Craig Hallum raised their price target on Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada decreased their price target on Fastly from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.55.

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.