Insider Selling: Fastly, Inc. (NYSE:FSLY) Insider Sells $148,143.60 in Stock

Fastly, Inc. (NYSE:FSLYGet Rating) insider Artur Bergman sold 14,190 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $10.44, for a total value of $148,143.60. Following the completion of the transaction, the insider now directly owns 6,680,924 shares of the company’s stock, valued at approximately $69,748,846.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Fastly Trading Down 1.5 %

Shares of NYSE:FSLY opened at $8.93 on Monday. Fastly, Inc. has a 12-month low of $7.32 and a 12-month high of $46.49. The company has a market cap of $1.10 billion, a PE ratio of -5.28 and a beta of 1.24. The stock has a 50 day moving average of $8.79 and a 200 day moving average of $10.52. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.75.

Hedge Funds Weigh In On Fastly

A number of hedge funds have recently modified their holdings of FSLY. Liberty One Investment Management LLC bought a new stake in shares of Fastly during the 3rd quarter valued at $418,000. Balyasny Asset Management LLC increased its stake in Fastly by 36.7% in the 3rd quarter. Balyasny Asset Management LLC now owns 67,429 shares of the company’s stock worth $618,000 after buying an additional 18,120 shares in the last quarter. Algert Global LLC raised its holdings in Fastly by 145.7% during the third quarter. Algert Global LLC now owns 120,447 shares of the company’s stock valued at $1,103,000 after acquiring an additional 71,417 shares during the period. Two Sigma Investments LP lifted its position in shares of Fastly by 2.9% in the third quarter. Two Sigma Investments LP now owns 2,062,763 shares of the company’s stock valued at $18,895,000 after acquiring an additional 58,561 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Fastly by 5.6% in the third quarter. Vanguard Group Inc. now owns 10,899,919 shares of the company’s stock worth $99,843,000 after acquiring an additional 582,897 shares during the period. 65.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FSLY has been the subject of several research analyst reports. Craig Hallum cut their price objective on Fastly from $19.00 to $13.00 in a report on Thursday, August 4th. Piper Sandler cut their price target on Fastly from $13.00 to $10.00 in a research note on Thursday, November 3rd. Citigroup reduced their price target on shares of Fastly from $10.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, November 8th. DA Davidson dropped their price objective on shares of Fastly to $12.00 in a report on Tuesday, August 9th. Finally, Raymond James reduced their target price on shares of Fastly from $35.00 to $25.00 and set a “strong-buy” rating for the company in a report on Friday, August 12th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.75.

About Fastly

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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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