Fastly, Inc. (NYSE:FSLY – Get Free Report) CFO Ronald W. Kisling sold 7,486 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $13.00, for a total transaction of $97,318.00. Following the completion of the transaction, the chief financial officer now owns 632,736 shares of the company’s stock, valued at approximately $8,225,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Fastly Price Performance
Shares of FSLY opened at $12.30 on Friday. Fastly, Inc. has a 1-year low of $11.61 and a 1-year high of $25.87. The stock has a market cap of $1.65 billion, a PE ratio of -11.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.14 and a quick ratio of 3.14. The firm has a fifty day moving average price of $14.13 and a 200 day moving average price of $16.47.
Fastly (NYSE:FSLY – Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. Fastly had a negative net margin of 26.30% and a negative return on equity of 16.02%. The firm had revenue of $137.78 million during the quarter, compared to analysts’ expectations of $139.25 million. As a group, sell-side analysts anticipate that Fastly, Inc. will post -1.07 EPS for the current year.
Institutional Investors Weigh In On Fastly
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Citigroup upgraded shares of Fastly from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $11.00 to $20.00 in a research note on Monday, January 22nd. Craig Hallum cut shares of Fastly from a “buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a research report on Thursday, February 15th. Bank of America decreased their price objective on shares of Fastly from $28.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Piper Sandler raised shares of Fastly from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $19.00 to $16.00 in a research report on Monday, April 8th. Finally, Royal Bank of Canada raised shares of Fastly from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $12.00 to $18.00 in a research report on Monday, January 8th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.11.
View Our Latest Report on Fastly
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.
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