Shares of Fastly, Inc. (NYSE:FSLY – Get Free Report) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $16.61.
FSLY has been the subject of a number of recent analyst reports. Credit Suisse Group upped their price target on shares of Fastly from $14.00 to $16.00 in a research report on Friday, June 23rd. Morgan Stanley increased their price target on Fastly from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. DA Davidson boosted their price objective on Fastly from $17.00 to $20.00 in a research report on Friday, June 23rd. William Blair reaffirmed a “market perform” rating on shares of Fastly in a report on Wednesday, April 19th. Finally, Royal Bank of Canada boosted their target price on shares of Fastly from $11.00 to $12.00 and gave the stock an “underperform” rating in a report on Thursday, August 3rd.
Fastly Stock Up 1.5 %
FSLY stock opened at $19.60 on Monday. The business’s 50-day moving average price is $17.37 and its 200-day moving average price is $15.38. The stock has a market cap of $2.53 billion, a P/E ratio of -14.63 and a beta of 1.27. Fastly has a twelve month low of $7.15 and a twelve month high of $21.54. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.49.
Insider Buying and Selling
In other Fastly news, insider Artur Bergman sold 13,706 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $13.17, for a total transaction of $180,508.02. Following the transaction, the insider now owns 6,516,654 shares in the company, valued at $85,824,333.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Fastly news, insider Artur Bergman sold 13,706 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $13.17, for a total transaction of $180,508.02. Following the completion of the transaction, the insider now owns 6,516,654 shares in the company, valued at $85,824,333.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ronald W. Kisling sold 27,735 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $20.01, for a total value of $554,977.35. Following the completion of the sale, the chief financial officer now owns 485,760 shares in the company, valued at $9,720,057.60. The disclosure for this sale can be found here. Insiders sold a total of 297,963 shares of company stock worth $4,656,253 over the last three months. 7.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FSLY. ProShare Advisors LLC increased its position in shares of Fastly by 7.5% during the fourth quarter. ProShare Advisors LLC now owns 16,066 shares of the company’s stock worth $132,000 after acquiring an additional 1,127 shares during the period. Alpine Global Management LLC bought a new stake in Fastly during the 4th quarter valued at $118,000. Arizona State Retirement System lifted its holdings in shares of Fastly by 3.5% in the 1st quarter. Arizona State Retirement System now owns 32,075 shares of the company’s stock worth $570,000 after buying an additional 1,092 shares during the period. Midwest Financial Group LLC bought a new position in shares of Fastly during the 1st quarter worth $290,000. Finally, Industry Ventures L.L.C. purchased a new position in shares of Fastly during the first quarter valued at $126,000. 65.76% of the stock is currently owned by institutional investors.
Fastly Company Profile
Fastly, Inc provides real-time content delivery network services. It offers edge compute, edge delivery, edge security, edge applications like load balancing and image optimization, video on demand, and managed edge delivery. The company was founded by Artur Bergman, Tyler McMullen, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.