Charles Lacey Compton III Sells 11,378 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 11,378 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $8.41, for a total transaction of $95,688.98. Following the transaction, the chief executive officer owned 659,313 shares of the company’s stock, valued at $5,544,822.33. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Charles Lacey Compton III also recently made the following trade(s):

• On Wednesday, September 3rd, Charles Lacey Compton III sold 2,954 shares of Fastly stock. The shares were sold at an average price of $7.45, for a total transaction of $22,007.30.
• On Monday, August 18th, Charles Lacey Compton III sold 15,335 shares of Fastly stock. The shares were sold at an average price of $6.88, for a total transaction of $105,504.80.

Fastly Stock Down 0.6%

FSLY opened at $8.23 on Wednesday. The company has a fifty day moving average price of $7.98 and a 200-day moving average price of $7.19. The firm has a market capitalization of $1.21 billion, a P/E ratio of -7.99 and a beta of 1.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.49. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.08.

Fastly (NYSE:FSLY) last announced its earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Fastly had a negative net margin of 25.85% and a negative return on equity of 11.98%. The company had revenue of $148.71 million during the quarter, compared to analyst estimates of $144.86 million. During the same period in the previous year, the business earned ($0.07) earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on FSLY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Craig Hallum upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Fastly from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.69.

Hedge Funds Weigh In On Fastly

Hedge funds and other institutional investors have recently modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of Fastly during the first quarter valued at about $38,000. GAMMA Investing LLC raised its stake in shares of Fastly by 451.7% during the first quarter. GAMMA Investing LLC now owns 7,261 shares of the company’s stock valued at $46,000 after acquiring an additional 5,945 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Fastly during the first quarter valued at about $52,000. Acadian Asset Management LLC bought a new position in shares of Fastly during the first quarter valued at about $78,000. Finally, Oxford Asset Management LLP bought a new position in shares of Fastly during the second quarter valued at about $83,000. 79.71% of the stock is owned by institutional investors.

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.