Fastly, Inc. (NYSE:FSLY – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Fastly (FSLY)
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