Symphony Financial Ltd. Co. lifted its holdings in Fastly, Inc. (NYSE:FSLY) by 30.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,098 shares of the company’s stock after buying an additional 1,176 shares during the period. Symphony Financial Ltd. Co.’s holdings in Fastly were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp boosted its position in Fastly by 50.0% during the fourth quarter. Toth Financial Advisory Corp now owns 300 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Federated Hermes Inc. acquired a new position in Fastly during the fourth quarter worth about $32,000. Sonora Investment Management LLC acquired a new position in Fastly during the fourth quarter worth about $35,000. Evolution Wealth Advisors LLC acquired a new position in Fastly during the fourth quarter worth about $44,000. Finally, RBA Wealth Management LLC acquired a new position in Fastly during the first quarter worth about $34,000. Hedge funds and other institutional investors own 54.67% of the company’s stock.
Shares of FSLY opened at $70.03 on Monday. Fastly, Inc. has a twelve month low of $20.57 and a twelve month high of $136.50. The firm’s fifty day simple moving average is $69.77 and its 200-day simple moving average is $86.00. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of -109.42 and a beta of 1.34. The company has a current ratio of 7.97, a quick ratio of 7.97 and a debt-to-equity ratio of 0.05.
Fastly (NYSE:FSLY) last announced its quarterly earnings data on Tuesday, February 16th. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.08. Fastly had a negative net margin of 24.07% and a negative return on equity of 14.37%. The business had revenue of $82.65 million for the quarter, compared to analyst estimates of $82.48 million. On average, analysts predict that Fastly, Inc. will post -0.59 earnings per share for the current fiscal year.
Several research firms have weighed in on FSLY. Oppenheimer upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $125.00 target price on the stock in a report on Thursday, January 21st. Raymond James boosted their target price on shares of Fastly from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 25th. Piper Sandler upgraded shares of Fastly from an “underweight” rating to a “neutral” rating and set a $65.00 target price on the stock in a report on Monday, March 15th. Finally, Zacks Investment Research restated an “average” rating on shares of Fastly in a report on Tuesday, February 23rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $78.69.
In other Fastly news, insider Artur Bergman sold 14,423 shares of Fastly stock in a transaction on Monday, March 29th. The shares were sold at an average price of $64.16, for a total value of $925,379.68. Following the transaction, the insider now directly owns 349,742 shares in the company, valued at $22,439,446.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Abdiel Capital Management, Llc acquired 500,000 shares of the company’s stock in a transaction on Monday, March 8th. The stock was acquired at an average price of $65.41 per share, for a total transaction of $32,705,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 286,687 shares of company stock worth $23,339,615 over the last quarter. 24.33% of the stock is owned by company insiders.
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.
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