Fastly, Inc. (NYSE:FSLY – Get Rating) Director David Hornik sold 396,542 shares of Fastly stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $9.92, for a total value of $3,933,696.64. Following the completion of the transaction, the director now owns 197,178 shares in the company, valued at approximately $1,956,005.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Fastly Price Performance
Fastly stock opened at $9.77 on Thursday. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.20 billion, a PE ratio of -5.78 and a beta of 1.24. Fastly, Inc. has a 12 month low of $7.32 and a 12 month high of $49.37. The stock has a 50-day moving average price of $8.81 and a two-hundred day moving average price of $10.67.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. DA Davidson reduced their price target on shares of Fastly to $12.00 in a research note on Tuesday, August 9th. Piper Sandler lowered their price target on shares of Fastly from $13.00 to $10.00 in a report on Thursday, November 3rd. Raymond James cut their price objective on Fastly from $35.00 to $25.00 and set a “strong-buy” rating on the stock in a report on Friday, August 12th. Craig Hallum lowered their target price on Fastly from $19.00 to $13.00 in a report on Thursday, August 4th. Finally, Citigroup dropped their target price on Fastly from $10.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, November 8th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Fastly has a consensus rating of “Hold” and an average price target of $12.75.
Institutional Investors Weigh In On 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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