Ronald W. Kisling Sells 2,063 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 2,063 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $6.87, for a total value of $14,172.81. Following the completion of the transaction, the chief financial officer now directly owns 506,480 shares in the company, valued at $3,479,517.60. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Fastly Stock Performance

Shares of NYSE FSLY opened at $6.79 on Friday. Fastly, Inc. has a 12-month low of $5.52 and a 12-month high of $14.76. The firm has a market capitalization of $951.94 million, a price-to-earnings ratio of -5.95 and a beta of 1.26. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $9.27 and a 200 day moving average of $8.14.

Fastly (NYSE:FSLY) last issued its quarterly earnings data 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%. On average, research analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. 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 decreased their target price on Fastly from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Citigroup raised their price target on shares of Fastly from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Craig Hallum boosted their price objective on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, Piper Sandler restated a “neutral” rating and issued a $9.00 target price (down previously from $10.00) on shares of Fastly in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.55.

Institutional Trading of Fastly

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AlphaQuest LLC lifted its position 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 buying an additional 2,960 shares in the last quarter. FMR LLC raised its stake in Fastly by 124.2% during the 3rd quarter. FMR LLC now owns 6,357 shares of the company’s stock worth $48,000 after acquiring an additional 3,522 shares during the period. Jones Financial Companies Lllp lifted its holdings in Fastly by 128.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company’s stock valued at $54,000 after purchasing an additional 3,221 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Fastly in the fourth quarter worth approximately $72,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Fastly in the fourth quarter worth $82,000. Hedge funds and other institutional investors own 79.71% 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.