Todd Nightingale Sells 12,163 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CEO Todd Nightingale sold 12,163 shares of Fastly stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.12, for a total value of $98,763.56. Following the completion of the sale, the chief executive officer now owns 1,588,810 shares of the company’s stock, valued at approximately $12,901,137.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Todd Nightingale also recently made the following trade(s):

• On Monday, November 18th, Todd Nightingale sold 49,816 shares of Fastly stock. The shares were sold at an average price of $6.25, for a total transaction of $311,350.00.

Fastly Trading Down 0.4 %

FSLY stock traded down $0.03 during trading on Wednesday, hitting $7.92. 1,606,142 shares of the company traded hands, compared to its average volume of 3,524,477. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.97 and a current ratio of 3.97. The company has a 50-day moving average of $7.33 and a 200-day moving average of $7.27. The firm has a market capitalization of $1.11 billion, a PE ratio of -7.28 and a beta of 1.24. Fastly, Inc. has a 1 year low of $5.52 and a 1 year high of $25.87.

Fastly (NYSE:FSLY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The company had revenue of $137.21 million during the quarter, compared to analyst estimates of $131.86 million. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) EPS. Analysts predict that Fastly, Inc. will post -0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. DA Davidson lifted their price target on shares of Fastly from $5.50 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird upped their target price on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Piper Sandler increased their price objective on shares of Fastly from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on Fastly from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley decreased their price target on Fastly from $12.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.94.

Institutional Trading of Fastly

Several large investors have recently modified their holdings of FSLY. Vanguard Group Inc. lifted its stake in Fastly by 5.1% in the first quarter. Vanguard Group Inc. now owns 13,581,524 shares of the company’s stock worth $176,152,000 after acquiring an additional 657,334 shares during the period. Penserra Capital Management LLC boosted its stake in Fastly by 18.8% in the 3rd quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company’s stock worth $38,418,000 after purchasing an additional 801,968 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Fastly by 1.6% in the third quarter. Geode Capital Management LLC now owns 3,015,455 shares of the company’s stock worth $22,831,000 after buying an additional 46,951 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Fastly by 11,140.2% during the third quarter. Bank of Montreal Can now owns 1,305,101 shares of the company’s stock valued at $9,867,000 after buying an additional 1,293,490 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Fastly by 18.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,057,642 shares of the company’s stock worth $8,006,000 after purchasing an additional 161,070 shares during the last quarter. 79.71% 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.