Charles Lacey Compton III Sells 14,797 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 14,797 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $18.88, for a total transaction of $279,367.36. Following the completion of the sale, the chief executive officer owned 584,519 shares in the company, valued at $11,035,718.72. This represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, February 18th, Charles Lacey Compton III sold 12,916 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total transaction of $226,417.48.
• On Tuesday, January 20th, Charles Lacey Compton III sold 4,638 shares of Fastly stock. The stock was 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 transaction of $82,029.08.

Fastly Trading Down 6.0%

Shares of NYSE:FSLY traded down $1.08 during trading on Monday, reaching $17.00. The company’s stock had a trading volume of 17,775,696 shares, compared to its average volume of 11,103,335. The firm’s 50 day simple moving average is $10.79 and its two-hundred day simple moving average is $9.58. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a 12 month low of $4.65 and a 12 month high of $20.27. The stock has a market capitalization of $2.54 billion, a PE ratio of -17.71 and a beta of 1.03.

Hedge Funds Weigh In On Fastly

Large investors have recently made changes to their positions in the business. Align Financial LLC acquired a new stake in shares of Fastly in the 4th quarter worth $41,000. Byrne Asset Management LLC acquired a new stake in Fastly in the third quarter worth about $43,000. C M Bidwell & Associates Ltd. acquired a new stake in Fastly in the fourth quarter worth about $54,000. Quarry LP purchased a new stake in shares of Fastly during the third quarter worth about $49,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Fastly during the third quarter valued at about $56,000. 79.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FSLY shares. William Blair upgraded shares of Fastly from a “market perform” rating to an “outperform” rating in a report on Thursday, February 12th. Royal Bank Of Canada increased their price target on Fastly from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 12th. DA Davidson set a $13.00 price objective on Fastly in a report on Thursday, February 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $14.00 price objective (up from $11.00) on shares of Fastly in a research note on Thursday, February 12th. Finally, Citigroup raised their target price on shares of Fastly from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Three equities research 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’s stock. According to MarketBeat, Fastly has an average rating of “Hold” and a consensus price target of $12.00.

Fastly Company Profile

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.