Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CEO Charles Compton, III sold 50,392 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $24.93, for a total value of $1,256,272.56. Following the sale, the chief executive officer owned 851,949 shares of the company’s stock, valued at approximately $21,239,088.57. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Lacey Compton III also recently made the following trade(s):
- On Tuesday, September 8th, Charles Compton, III sold 2,436 shares of Fastly stock. The stock was sold at an average price of $21.23, for a total transaction of $51,716.28.
- On Wednesday, September 2nd, Charles Compton, III sold 9,458 shares of Fastly stock. The stock was sold at an average price of $20.42, for a total transaction of $193,132.36.
- On Tuesday, September 1st, Charles Compton, III sold 55,579 shares of Fastly stock. The shares were sold at an average price of $21.39, for a total transaction of $1,188,834.81.
- On Monday, August 31st, Charles Compton, III sold 15,028 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total transaction of $345,644.00.
- On Wednesday, August 19th, Charles Compton, III sold 11,198 shares of Fastly stock. The stock was sold at an average price of $24.69, for a total transaction of $276,478.62.
- On Tuesday, August 18th, Charles Compton, III sold 34,552 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total transaction of $988,187.20.
- On Tuesday, August 4th, Charles Compton, III sold 14,868 shares of Fastly stock. The stock was sold at an average price of $25.00, for a total transaction of $371,700.00.
Fastly Stock Performance
Shares of FSLY stock traded down $0.75 during mid-day trading on Wednesday, reaching $23.55. 3,517,082 shares of the company’s stock traded hands, compared to its average volume of 9,236,079. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a market capitalization of $3.75 billion, a PE ratio of -44.43 and a beta of 0.36. Fastly, Inc. has a 12 month low of $7.74 and a 12 month high of $34.82. The firm has a 50 day moving average price of $22.85 and a two-hundred day moving average price of $22.35.
Hedge Funds Weigh In On Fastly
A number of hedge funds have recently made changes to their positions in FSLY. First Trust Advisors LP grew its position in shares of Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Fastly by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock worth $79,620,000 after purchasing an additional 11,022 shares in the last quarter. Bank of America Corp DE boosted its stake in Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares during the period. SG Americas Securities LLC boosted its stake in Fastly by 90.7% in the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock worth $19,918,000 after purchasing an additional 326,087 shares during the period. Finally, Wellington Management Group LLP bought a new position in Fastly in the 2nd quarter worth approximately $8,696,000. Institutional investors own 79.71% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on FSLY shares. Canaccord Genuity Group assumed coverage on Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 price objective on the stock. KeyCorp raised their target price on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price target on shares of Fastly in a report on Thursday, August 6th. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.33.
Check Out Our Latest Stock Analysis on FSLY
Fastly Company Profile
Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.
Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.
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