Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling Sells 2,063 Shares

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling sold 2,063 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $6.87, for a total value of $14,172.81. Following the completion of the transaction, the chief financial officer now directly owns 506,480 shares in the company, valued at approximately $3,479,517.60. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Fastly Stock Up 0.8 %

Shares of NYSE:FSLY opened at $6.79 on Friday. The company has a market cap of $951.94 million, a price-to-earnings ratio of -5.95 and a beta of 1.26. Fastly, Inc. has a 12 month low of $5.52 and a 12 month high of $14.76. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $9.27 and a 200 day moving average price of $8.14.

Fastly (NYSE:FSLY) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative net margin of 29.07% and a negative return on equity of 12.75%. As a group, equities research analysts predict that Fastly, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FSLY shares. Royal Bank of Canada lowered their target price on shares of Fastly from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Robert W. Baird boosted their price target on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Citigroup increased their price objective on shares of Fastly from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Craig Hallum lifted their target price on Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, DA Davidson boosted their target price on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.55.

Institutional Trading of Fastly

A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in shares of Fastly by 11,140.2% in the third quarter. Bank of Montreal Can now owns 1,305,101 shares of the company’s stock valued at $9,867,000 after acquiring an additional 1,293,490 shares during the period. Quadrature Capital Ltd raised its position in Fastly by 84.2% in the 3rd quarter. Quadrature Capital Ltd now owns 112,085 shares of the company’s stock worth $848,000 after purchasing an additional 51,224 shares during the period. Penserra Capital Management LLC raised its position in Fastly by 18.8% in the 3rd quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company’s stock worth $38,418,000 after purchasing an additional 801,968 shares during the period. XTX Topco Ltd bought a new stake in Fastly in the third quarter worth about $400,000. Finally, Zacks Investment Management purchased a new position in shares of Fastly during the third quarter valued at approximately $914,000. 79.71% of the stock is currently owned by institutional investors.

About Fastly

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.