Insider Selling: Fastly Inc (NYSE:FSLY) CEO Sells $180,600.00 in Stock

Fastly Inc (NYSE:FSLY) CEO Joshua Bixby sold 10,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $18.06, for a total transaction of $180,600.00. Following the completion of the transaction, the chief executive officer now directly owns 358,277 shares in the company, valued at $6,470,482.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Joshua Bixby also recently made the following trade(s):

  • On Friday, March 6th, Joshua Bixby sold 10,000 shares of Fastly stock. The shares were sold at an average price of $20.03, for a total transaction of $200,300.00.
  • On Friday, February 7th, Joshua Bixby sold 10,000 shares of Fastly stock. The stock was sold at an average price of $21.69, for a total transaction of $216,900.00.
  • On Friday, January 24th, Joshua Bixby sold 10,000 shares of Fastly stock. The stock was sold at an average price of $24.41, for a total transaction of $244,100.00.
  • On Friday, January 10th, Joshua Bixby sold 10,000 shares of Fastly stock. The stock was sold at an average price of $21.43, for a total transaction of $214,300.00.
  • On Friday, December 27th, Joshua Bixby sold 10,000 shares of Fastly stock. The stock was sold at an average price of $20.11, for a total transaction of $201,100.00.

Shares of NYSE:FSLY opened at $18.06 on Friday. The company’s 50 day simple moving average is $19.59 and its 200 day simple moving average is $21.76. The stock has a market capitalization of $1.28 billion and a price-to-earnings ratio of -25.80. Fastly Inc has a 1 year low of $10.63 and a 1 year high of $35.25.

Fastly (NYSE:FSLY) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. The firm had revenue of $58.94 million during the quarter, compared to the consensus estimate of $55.14 million. As a group, sell-side analysts predict that Fastly Inc will post -0.62 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Fastly from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. ValuEngine raised shares of Fastly from a “hold” rating to a “buy” rating in a report on Tuesday, March 3rd. Piper Sandler raised their target price on shares of Fastly from to in a report on Friday, February 21st. Finally, Piper Jaffray Companies raised shares of Fastly from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.49.

A number of large investors have recently made changes to their positions in FSLY. State Street Corp bought a new position in Fastly in the third quarter valued at approximately $814,000. Barclays PLC increased its stake in Fastly by 78.3% in the third quarter. Barclays PLC now owns 7,701 shares of the company’s stock valued at $185,000 after acquiring an additional 3,382 shares during the last quarter. Tenzing Global Management LLC bought a new position in Fastly in the third quarter valued at approximately $888,000. Millennium Management LLC increased its stake in Fastly by 49.8% in the third quarter. Millennium Management LLC now owns 30,310 shares of the company’s stock valued at $727,000 after acquiring an additional 10,072 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Fastly by 89.0% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 565,468 shares of the company’s stock valued at $13,571,000 after acquiring an additional 266,271 shares during the last quarter. 34.42% of the stock is currently owned by institutional investors and hedge funds.

Read More: How to Trade Using Analysts Ratings

Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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