Fastly, Inc. (NYSE:FSLY) Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its stake in Fastly, Inc. (NYSE:FSLY) by 239.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,500 shares of the company’s stock after acquiring an additional 45,500 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Fastly were worth $609,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 1,695 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Fastly by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,301 shares of the company’s stock valued at $503,000 after purchasing an additional 2,128 shares in the last quarter. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 2,296 shares in the last quarter. FMR LLC boosted its holdings in Fastly by 124.2% in the 3rd quarter. FMR LLC now owns 6,357 shares of the company’s stock valued at $48,000 after purchasing an additional 3,522 shares in the last quarter. Finally, Wealth Effects LLC boosted its stake in shares of Fastly by 21.1% during the 4th quarter. Wealth Effects LLC now owns 28,651 shares of the company’s stock worth $270,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Trading Up 0.9 %

FSLY stock opened at $10.08 on Friday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -9.25 and a beta of 1.26. 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 has a fifty day simple moving average of $9.96 and a 200-day simple moving average of $8.05. Fastly, Inc. has a 52 week low of $5.52 and a 52 week high of $25.87.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. The firm had revenue of $137.21 million during the quarter, compared to analysts’ expectations of $131.86 million. During the same period in the prior year, the company earned ($0.33) EPS. The firm’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Fastly, Inc. will post -0.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup boosted 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. DA Davidson boosted their price target on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price target on Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price objective on Fastly from $7.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Finally, Craig Hallum boosted their price target on Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, November 7th. One 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.85.

Insider Buying and Selling

In other Fastly news, CTO Artur Bergman sold 16,922 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.25, for a total value of $105,762.50. Following the completion of the transaction, the chief technology officer now directly owns 6,138,900 shares of the company’s stock, valued at $38,368,125. This represents a 0.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ronald W. Kisling sold 16,102 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.25, for a total transaction of $100,637.50. Following the completion of the transaction, the chief financial officer now directly owns 542,462 shares of the company’s stock, valued at approximately $3,390,387.50. The trade was a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 250,152 shares of company stock valued at $2,182,083. Company insiders own 6.70% of the company’s stock.

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.