D.A. Davidson analyst Rudy Kessinger reiterated a Buy rating on Fastly (FSLY – Research Report) today and set a price target of $22.00. The company’s shares opened today at $17.50.
Kessinger covers the Technology sector, focusing on stocks such as Okta, CrowdStrike Holdings, and Edgio. According to TipRanks, Kessinger has an average return of -8.6% and a 42.03% success rate on recommended stocks.
In addition to D.A. Davidson, Fastly also received a Buy from Craig-Hallum’s Jeff Van Rhee in a report issued today. However, on the same day, KeyBanc reiterated a Hold rating on Fastly (NYSE: FSLY).
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The company has a one-year high of $24.31 and a one-year low of $7.15. Currently, Fastly has an average volume of 2.94M.
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FSLY in relation to earlier this year. Most recently, in August 2023, Christopher Paisley, a Director at FSLY bought 1,000.00 shares for a total of $4,440.00.
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Fastly (FSLY) Company Description:
Fastly, Inc. provides real-time content delivery network services. It offers edge cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Artur Bergman, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.
Read More on FSLY:
- Fastly Inc options imply 13.4% move in share price post-earnings
- Notable companies reporting after market close
- Options Volatility and Implied Earnings Moves Today, November 01, 2023
- Fastly (NYSE:FLY) Up as Investors Anticipate Q3 Results
- Options Volatility and Implied Earnings Moves This Week, October 30 – November 03, 2023
