Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 5,304 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $6.88, for a total value of $36,491.52. Following the completion of the transaction, the chief technology officer now owns 3,669,058 shares in the company, valued at approximately $25,243,119.04. This trade represents a 0.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Artur Bergman also recently made the following trade(s):
- On Wednesday, February 19th, Artur Bergman sold 12,821 shares of Fastly stock. The shares were sold at an average price of $8.04, for a total value of $103,080.84.
- On Monday, February 10th, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.58, for a total value of $105,800.00.
- On Monday, February 3rd, Artur Bergman sold 10,000 shares of Fastly stock. The stock was sold at an average price of $10.21, for a total value of $102,100.00.
- On Monday, January 27th, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.12, for a total value of $101,200.00.
- On Thursday, January 23rd, Artur Bergman sold 31,551 shares of Fastly stock. The shares were sold at an average price of $10.31, for a total value of $325,290.81.
- On Monday, January 6th, Artur Bergman sold 8,049 shares of Fastly stock. The stock was sold at an average price of $10.04, for a total value of $80,811.96.
- On Monday, December 23rd, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.09, for a total value of $100,900.00.
- On Wednesday, December 18th, Artur Bergman sold 3,400 shares of Fastly stock. The shares were sold at an average price of $12.01, for a total value of $40,834.00.
Fastly Trading Down 7.4 %
Fastly stock opened at $6.47 on Friday. The company's fifty day simple moving average is $9.00 and its 200-day simple moving average is $8.15. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Fastly, Inc. has a 12 month low of $5.52 and a 12 month high of $14.25. The stock has a market cap of $921.11 million, a P/E ratio of -5.68 and a beta of 1.31.
Fastly (NYSE:FSLY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22). Fastly had a negative return on equity of 12.75% and a negative net margin of 29.07%. As a group, sell-side analysts forecast that Fastly, Inc. will post -0.78 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on FSLY shares. Royal Bank of Canada decreased their price target on Fastly from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. DA Davidson increased their price target on Fastly from $5.50 to $7.50 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Robert W. Baird increased their price target on Fastly from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Oppenheimer upgraded Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a report on Monday, December 2nd. Finally, Piper Sandler reiterated a "neutral" rating and issued a $9.00 price target (down from $10.00) on shares of Fastly in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $8.55.
Check Out Our Latest Report on FSLY
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. bought a new stake in Fastly during the fourth quarter worth about $35,334,000. Bank of Montreal Can boosted its stake in 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 last quarter. Marshall Wace LLP bought a new position in Fastly in the fourth quarter valued at approximately $7,618,000. Penserra Capital Management LLC boosted its stake in Fastly by 18.8% in the third quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company's stock valued at $38,418,000 after acquiring an additional 801,968 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Fastly in the fourth quarter worth $7,088,000. Institutional investors and hedge funds own 79.71% of the company's stock.
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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