Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CEO Charles Lacey Compton III sold 15,028 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $23.00, for a total transaction of $345,644.00. Following the sale, the chief executive officer directly owned 969,814 shares in the company, valued at approximately $22,305,722. This represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 1st, Charles Lacey Compton III sold 55,579 shares of Fastly stock. The stock was sold at an average price of $21.39, for a total transaction of $1,188,834.81.
- On Wednesday, August 19th, Charles Lacey 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 Lacey Compton III sold 34,552 shares of Fastly stock. The shares were sold at an average price of $28.60, for a total transaction of $988,187.20.
- On Tuesday, August 4th, Charles Lacey Compton III sold 14,868 shares of Fastly stock. The shares were sold at an average price of $25.00, for a total transaction of $371,700.00.
Fastly Price Performance
Shares of Fastly stock traded down $0.34 during midday trading on Wednesday, reaching $20.43. The company had a trading volume of 3,560,297 shares, compared to its average volume of 9,424,438. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $21.97 and a 200 day simple moving average of $22.04. Fastly, Inc. has a 1-year low of $7.05 and a 1-year high of $34.82. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of -38.55 and a beta of 0.36.
Analysts Set New Price Targets
FSLY has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Freedom Capital raised Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Evercore restated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Citigroup raised their target price on shares of Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, KeyCorp lifted their price target on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.33.
Read Our Latest Stock Report on FSLY
Institutional Trading of Fastly
A number of institutional investors have recently made changes to their positions in FSLY. Vanguard Group Inc. boosted its holdings in Fastly by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock worth $172,825,000 after purchasing an additional 310,234 shares during the last quarter. Morgan Stanley increased its stake in Fastly by 14.7% in the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock valued at $84,893,000 after buying an additional 1,071,222 shares during the last quarter. First Trust Advisors LP lifted its position in Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after buying an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock worth $48,754,000 after buying an additional 4,623,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock worth $35,380,000 after buying an additional 117,213 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.
Fastly Company Profile
Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.
Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.
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