Fastly Inc (NYSE:FSLY) Director Kelly Wright sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $81.78, for a total value of $327,120.00. Following the sale, the director now directly owns 7,844 shares of the company’s stock, valued at $641,482.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kelly Wright also recently made the following trade(s):

  • On Monday, June 15th, Kelly Wright sold 1,000 shares of Fastly stock. The shares were sold at an average price of $50.00, for a total value of $50,000.00.
  • On Wednesday, June 3rd, Kelly Wright sold 6,000 shares of Fastly stock. The shares were sold at an average price of $50.00, for a total value of $300,000.00.
  • On Wednesday, May 27th, Kelly Wright sold 7,000 shares of Fastly stock. The shares were sold at an average price of $38.34, for a total value of $268,380.00.

FSLY opened at $92.56 on Friday. The stock’s 50 day simple moving average is $76.76 and its 200 day simple moving average is $38.36. Fastly Inc has a 1-year low of $10.63 and a 1-year high of $102.95.

Fastly (NYSE:FSLY) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.11. The firm had revenue of $63.00 million during the quarter, compared to analyst estimates of $59.40 million. The business’s quarterly revenue was up 38.2% on a year-over-year basis. As a group, equities research analysts forecast that Fastly Inc will post -0.37 earnings per share for the current fiscal year.

Several research firms have commented on FSLY. Robert W. Baird upped their price objective on Fastly from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Citigroup downgraded Fastly from a “neutral” rating to a “sell” rating in a research note on Thursday, July 9th. Zacks Investment Research downgraded Fastly from a “buy” rating to a “hold” rating in a research note on Wednesday, July 8th. ValuEngine downgraded Fastly from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Bank of America downgraded Fastly from a “buy” rating to an “underperform” rating and increased their target price for the stock from $50.00 to $90.00 in a research note on Friday, July 10th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSLY. Advisor Group Inc. grew its holdings in shares of Fastly by 137.5% in the 4th quarter. Advisor Group Inc. now owns 1,425 shares of the company’s stock worth $29,000 after acquiring an additional 825 shares during the period. Stifel Financial Corp grew its holdings in shares of Fastly by 33.5% in the 4th quarter. Stifel Financial Corp now owns 11,965 shares of the company’s stock worth $239,000 after acquiring an additional 3,000 shares during the period. UBS Group AG grew its holdings in shares of Fastly by 2,284.8% in the 4th quarter. UBS Group AG now owns 79,415 shares of the company’s stock worth $1,594,000 after acquiring an additional 76,085 shares during the period. Bank of New York Mellon Corp acquired a new stake in Fastly during the 4th quarter valued at $211,000. Finally, Bank of America Corp DE grew its holdings in Fastly by 283.0% during the 4th quarter. Bank of America Corp DE now owns 179,534 shares of the company’s stock valued at $3,603,000 after buying an additional 132,655 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

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Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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