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):Get Fastly alerts:
- 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 FastlySeveral 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
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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