Fastly (NYSE:FSLY) CEO Charles Lacey Compton III Sells 12,916 Shares

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 12,916 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $17.53, for a total value of $226,417.48. Following the sale, the chief executive officer owned 599,316 shares in the company, valued at approximately $10,506,009.48. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Charles Lacey Compton III also recently made the following trade(s):

• On Tuesday, January 20th, Charles Lacey Compton III sold 4,638 shares of Fastly stock. The shares were sold at an average price of $8.81, for a total transaction of $40,860.78.
• On Friday, January 16th, Charles Lacey Compton III sold 9,044 shares of Fastly stock. The shares were sold at an average price of $9.07, for a total value of $82,029.08.

Fastly Stock Up 0.1%

NYSE:FSLY opened at $18.08 on Friday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -18.83 and a beta of 1.03. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $20.27. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $10.79 and a 200-day simple moving average of $9.54.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FSLY. Amundi boosted its holdings in Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after buying an additional 4,724 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Fastly in the first quarter valued at approximately $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Fastly by 1.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after buying an additional 6,247 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Fastly by 963.6% in the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after acquiring an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Fastly by 7.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after purchasing an additional 165,937 shares in the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSLY has been the subject of several recent research reports. William Blair upgraded Fastly from a “market perform” rating to an “outperform” rating in a report on Thursday, February 12th. Royal Bank Of Canada upped their target price on Fastly from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Piper Sandler reissued a “neutral” rating and set a $14.00 target price (up previously from $11.00) on shares of Fastly in a research report on Thursday, February 12th. Finally, DA Davidson set a $13.00 target price on Fastly in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fastly has an average rating of “Hold” and a consensus target price of $12.00.

About Fastly

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.