Fastly, Inc. (NYSE:FSLY – Get Rating) EVP Brett Shirk sold 7,000 shares of the firm's stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $9.92, for a total transaction of $69,440.00. Following the transaction, the executive vice president now owns 263,244 shares in the company, valued at approximately $2,611,380.48. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Brett Shirk also recently made the following trade(s):
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- On Tuesday, August 16th, Brett Shirk sold 3,979 shares of Fastly stock. The shares were sold at an average price of $11.97, for a total transaction of $47,628.63.
Fastly Stock Performance
NYSE FSLY opened at $8.75 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -5.30 and a beta of 1.43. The company's fifty day moving average is $10.58 and its two-hundred day moving average is $13.07. Fastly, Inc. has a 52-week low of $8.27 and a 52-week high of $58.62.
Institutional Trading of Fastly
Several hedge funds and other institutional investors have recently bought and sold shares of FSLY. MetLife Investment Management LLC acquired a new stake in Fastly in the 1st quarter worth $37,000. Penserra Capital Management LLC boosted its position in shares of Fastly by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 3,072 shares of the company's stock valued at $53,000 after acquiring an additional 1,024 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Fastly by 32.2% during the 1st quarter. Captrust Financial Advisors now owns 3,859 shares of the company's stock valued at $67,000 after acquiring an additional 941 shares in the last quarter. Calixto Global Investors LP acquired a new stake in shares of Fastly during the 4th quarter valued at about $86,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Fastly by 122.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,835 shares of the company's stock valued at $101,000 after acquiring an additional 3,210 shares in the last quarter. 65.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on FSLY shares. Royal Bank of Canada downgraded shares of Fastly from a "sector perform" rating to an "underperform" rating and cut their price target for the company from $17.50 to $9.00 in a report on Tuesday, July 19th. Craig Hallum dropped their target price on shares of Fastly from $19.00 to $13.00 in a report on Thursday, August 4th. Morgan Stanley downgraded shares of Fastly from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $18.00 to $12.00 in a report on Monday, July 11th. Piper Sandler dropped their target price on shares of Fastly from $19.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, July 6th. Finally, DA Davidson dropped their target price on shares of Fastly to $12.00 in a report on Tuesday, August 9th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $14.25.
Fastly Company Profile
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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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