2 weeks Ago By ABMN Staff
Fastly, Inc. ( NYSE:FSLY – Get Free Report ) CEO Todd Nightingale sold 12,163 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $6.
25, for a total value of $76,018.75. Following the completion of the transaction, the chief executive officer now directly owns 1,650,789 shares in the company, valued at approximately $10,317,431.
25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . Todd Nightingale also recently made the following trade(s): Fastly Price Performance Shares of FSLY stock opened at $6.
08 on Friday. The firm’s 50 day moving average price is $7.11 and its two-hundred day moving average price is $10.
13. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.
83 and a current ratio of 3.83. Fastly, Inc.
has a 52-week low of $5.52 and a 52-week high of $25.87.
The stock has a market cap of $830.08 million, a PE ratio of -6.09 and a beta of 1.
13. Hedge Funds Weigh In On Fastly Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc.
increased its stake in shares of Fastly by 5.1% in the 1st quarter. Vanguard Group Inc.
now owns 13,581,524 shares of the company’s stock valued at $176,152,000 after acquiring an additional 657,334 shares during the last quarter. First Trust Advisors LP increased its stake in Fastly by 21.8% in the fourth quarter.
First Trust Advisors LP now owns 5,586,706 shares of the company’s stock valued at $99,443,000 after purchasing an additional 998,749 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Fastly by 9.
3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,906,860 shares of the company’s stock worth $33,942,000 after purchasing an additional 162,659 shares during the period.
Jennison Associates LLC bought a new position in shares of Fastly during the first quarter worth $13,724,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Fastly by 94.4% in the 1st quarter.
CANADA LIFE ASSURANCE Co now owns 960,864 shares of the company’s stock valued at $12,453,000 after buying an additional 466,560 shares during the period. Institutional investors own 79.71% of the company’s stock.
Analysts Set New Price Targets Several research firms have weighed in on FSLY. Citigroup lowered their price objective on shares of Fastly from $15.00 to $10.
00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Morgan Stanley lowered their price target on shares of Fastly from $12.00 to $7.
00 and set an “equal weight” rating for the company in a report on Tuesday. DA Davidson downgraded Fastly from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $8.
50 in a report on Thursday, May 2nd. Royal Bank of Canada decreased their price objective on Fastly from $18.00 to $9.
00 and set a “sector perform” rating on the stock in a research report on Thursday, May 2nd. Finally, Piper Sandler downgraded Fastly from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $6.
00 in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.
81. Check Out Our Latest Research Report on Fastly Fastly Company Profile ( Get Free Report ) 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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