Fastly, Inc. (NYSE:FSLY) EVP Brett Shirk Sells 7,000 Shares

Fastly, Inc. (NYSE:FSLYGet Rating) EVP Brett Shirk sold 7,000 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $9.92, for a total transaction of $69,440.00. Following the completion of the transaction, the executive vice president now directly owns 263,244 shares of the company’s stock, valued at approximately $2,611,380.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Brett Shirk also recently made the following trade(s):

  • On Tuesday, August 16th, Brett Shirk sold 3,979 shares of Fastly stock. The stock was sold at an average price of $11.97, for a total value of $47,628.63.

Fastly Stock Performance

Shares of NYSE:FSLY opened at $9.32 on Tuesday. The firm’s 50 day simple moving average is $10.74 and its 200-day simple moving average is $13.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.11 and a current ratio of 4.11. Fastly, Inc. has a one year low of $8.27 and a one year high of $58.62. The firm has a market cap of $1.14 billion, a PE ratio of -5.65 and a beta of 1.43.

Analysts Set New Price Targets

Several research firms have recently weighed in on FSLY. Raymond James cut their target price on Fastly from $35.00 to $25.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 12th. Morgan Stanley lowered shares of Fastly from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $18.00 to $12.00 in a report on Monday, July 11th. 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. Piper Sandler reduced their price objective on shares of Fastly from $19.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 6th. Finally, Craig Hallum dropped their target price on Fastly from $19.00 to $13.00 in a research report on Thursday, August 4th. 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. According to data from MarketBeat, Fastly presently has an average rating of “Hold” and a consensus price target of $14.25.

Institutional Investors Weigh In On Fastly

A number of institutional investors and hedge funds have recently bought and sold shares of FSLY. First Trust Advisors LP raised its holdings in shares of Fastly by 65.3% in the first quarter. First Trust Advisors LP now owns 7,846,587 shares of the company’s stock valued at $136,374,000 after acquiring an additional 3,099,852 shares in the last quarter. Legal & General Group Plc increased its position in Fastly by 114.8% during the 2nd quarter. Legal & General Group Plc now owns 7,466,124 shares of the company’s stock valued at $86,682,000 after purchasing an additional 3,989,496 shares during the period. Coatue Management LLC purchased a new stake in shares of Fastly in the 4th quarter worth approximately $93,363,000. Renaissance Technologies LLC lifted its position in shares of Fastly by 15.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,421,003 shares of the company’s stock worth $16,498,000 after purchasing an additional 194,203 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Fastly by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 1,310,470 shares of the company’s stock valued at $46,456,000 after purchasing an additional 44,439 shares in the last quarter. 65.42% of the stock is owned by institutional investors.

Fastly Company Profile

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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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Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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