Fastly, Inc. (NYSE:FSLY – Get Free Report) CFO Ronald W. Kisling sold 7,449 shares of Fastly stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $7.24, for a total transaction of $53,930.76. Following the completion of the transaction, the chief financial officer now directly owns 558,564 shares of the company’s stock, valued at $4,044,003.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Fastly Trading Up 1.7 %
Shares of FSLY stock opened at $7.32 on Monday. Fastly, Inc. has a 1 year low of $5.52 and a 1 year high of $25.87. The firm has a market capitalization of $1.00 billion, a PE ratio of -7.32 and a beta of 1.22. The stock has a fifty day moving average of $6.72 and a two-hundred day moving average of $8.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.13 and a current ratio of 4.13.
Fastly (NYSE:FSLY – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Fastly had a negative net margin of 31.02% and a negative return on equity of 15.22%. The firm had revenue of $132.37 million during the quarter, compared to analyst estimates of $131.62 million. During the same quarter in the prior year, the firm posted ($0.32) EPS. Fastly’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Fastly, Inc. will post -0.96 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
FSLY has been the subject of a number of research reports. Raymond James downgraded Fastly from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 1st. Piper Sandler lowered Fastly from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $6.00 in a research report on Thursday, August 8th. Craig Hallum dropped their target price on Fastly from $10.00 to $6.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley reduced their price target on shares of Fastly from $12.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Fastly has a consensus rating of “Hold” and a consensus target price of $7.81.
Get Our Latest Stock Report on Fastly
About Fastly
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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