Fastly Inc (NYSE:FSLY) Major Shareholder Acquires $4,980,000.00 in Stock
Fastly Inc (NYSE:FSLY) major shareholder Qualified Master Fund L. Abdiel bought 250,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average cost of $19.92 per share, with a total value of $4,980,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
NYSE FSLY opened at $24.53 on Friday. The stock’s fifty day moving average price is $20.27. Fastly Inc has a 52 week low of $14.12 and a 52 week high of $25.67.
Fastly (NYSE:FSLY) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). The business had revenue of $46.17 million for the quarter, compared to the consensus estimate of $45.31 million. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.20) earnings per share. As a group, equities analysts anticipate that Fastly Inc will post -0.58 EPS for the current fiscal year.
A number of research firms recently weighed in on FSLY. Credit Suisse Group began coverage on shares of Fastly in a report on Tuesday, June 11th. They issued an “outperform” rating and a $25.00 target price for the company. DA Davidson began coverage on shares of Fastly in a report on Tuesday, June 11th. They issued a “buy” rating and a $26.50 target price for the company. William Blair assumed coverage on shares of Fastly in a report on Tuesday, June 11th. They issued an “outperform” rating for the company. Piper Jaffray Companies assumed coverage on shares of Fastly in a research note on Wednesday, August 14th. They set an “overweight” rating and a $21.00 price objective for the company. Finally, Stifel Nicolaus set a $25.00 price objective on shares of Fastly and gave the stock a “buy” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.03.
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