Relyea Zuckerberg Hanson LLC grew its stake in shares of Fastly, Inc. (NYSE:FSLY – Get Rating) by 18.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 22,158 shares of the company's stock after purchasing an additional 3,434 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in Fastly were worth $257,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MetLife Investment Management LLC acquired a new position in Fastly during the 1st quarter worth $37,000. Penserra Capital Management LLC grew its holdings in Fastly by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 3,072 shares of the company's stock worth $53,000 after acquiring an additional 1,024 shares in the last quarter. Captrust Financial Advisors grew its holdings in Fastly by 32.2% during the 1st quarter. Captrust Financial Advisors now owns 3,859 shares of the company's stock worth $67,000 after acquiring an additional 941 shares in the last quarter. Calixto Global Investors LP acquired a new position in shares of Fastly in the 4th quarter valued at about $86,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Fastly by 122.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,835 shares of the company's stock valued at $101,000 after buying an additional 3,210 shares during the period. 65.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fastly

In related news, EVP Brett Shirk sold 3,979 shares of Fastly stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $11.97, for a total value of $47,628.63. Following the sale, the executive vice president now directly owns 300,244 shares in the company, valued at approximately $3,593,920.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Fastly news, EVP Brett Shirk sold 3,979 shares of the business's stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $11.97, for a total transaction of $47,628.63. Following the sale, the executive vice president now directly owns 300,244 shares in the company, valued at approximately $3,593,920.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joshua Bixby sold 18,652 shares of the business's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $11.97, for a total transaction of $223,264.44. Following the sale, the chief executive officer now owns 591,630 shares in the company, valued at $7,081,811.10. The disclosure for this sale can be found here. Insiders have sold a total of 72,622 shares of company stock worth $858,196 in the last ninety days. 8.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Fastly Stock Down 0.6 %

Shares of NYSE:FSLY opened at $8.39 on Friday. The company's 50-day moving average price is $10.46 and its 200 day moving average price is $12.96. Fastly, Inc. has a fifty-two week low of $8.12 and a fifty-two week high of $58.62. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.73.

About Fastly

(Get Rating)

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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