Fastly, Inc. (NYSE:FSLY – Get Rating) CEO Todd Nightingale sold 66,317 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $10.44, for a total value of $692,349.48. Following the transaction, the chief executive officer now owns 1,238,030 shares in the company, valued at approximately $12,925,033.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Fastly Trading Down 1.5 %
Shares of NYSE FSLY opened at $8.93 on Friday. The business’s 50 day moving average price is $8.79 and its 200-day moving average price is $10.56. Fastly, Inc. has a fifty-two week low of $7.32 and a fifty-two week high of $46.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.41 and a current ratio of 4.41. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -5.28 and a beta of 1.24.
Hedge Funds Weigh In On Fastly
A number of large investors have recently bought and sold shares of FSLY. Legal & General Group Plc boosted its holdings 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 acquiring an additional 3,989,496 shares during the period. First Trust Advisors LP boosted its holdings in Fastly by 65.3% during the 1st 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 during the period. Renaissance Technologies LLC purchased a new position in Fastly during the 1st quarter valued at $21,322,000. Great West Life Assurance Co. Can purchased a new position in Fastly during the 3rd quarter valued at $7,855,000. Finally, Qube Research & Technologies Ltd purchased a new position in Fastly during the 1st quarter valued at $11,496,000. Hedge funds and other institutional investors own 65.42% of the company’s stock.
Wall Street Analyst Weigh In
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.
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