The price of Fastly Inc. (NYSE:FSLY) shares last traded on Wall Street rose 4.42% to $13.46.
Based on available information, 14 analysts follow Fastly Inc. (NYSE:FSLY). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $26.50 and a low of $8.00, we find $16.50. Given the previous closing price of $12.89, this indicates a potential upside of 28.01 percent. FSLY stock price is now -10.11% away from the 50-day moving average and 19.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.76B.
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Among analysts, 7 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $16.45 as their price target over the next twelve months.
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In other news, Bergman Artur, Chief Architect sold 19,311 shares of the company’s stock on May 17. The stock was sold for $252,974 at an average price of $13.10. Upon completion of the transaction, the Chief Architect now directly owns 6,497,343 shares in the company, valued at $87.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16, CEO Nightingale Todd sold 74,084 shares of the business’s stock. A total of $975,686 was realized by selling the stock at an average price of $13.17. This leaves the insider owning 1,328,336 shares of the company worth $17.88 million. Insiders disposed of 978,409 shares of company stock worth roughly $13.17 million over the past 1 year. A total of 7.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FSLY stock. A new stake in Fastly Inc. shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $31,644,000. SOROS FUND MANAGEMENT LLC invested $16,489,000 in shares of FSLY during the first quarter. In the first quarter, FULLER & THALER ASSET MANAGEMENT, INC. acquired a new stake in Fastly Inc. valued at approximately $12,106,000. PORTOLAN CAPITAL MANAGEMENT, LLC acquired a new stake in FSLY for approximately $8,348,000. GMT CAPITAL CORP purchased a new stake in FSLY valued at around $8,060,000 in the second quarter. In total, there are 326 active investors with 63.00% ownership of the company’s stock.
A candlestick chart of Fastly Inc. (NYSE: FSLY) showed a price of $12.91 on Monday morning. During the past 12 months, Fastly Inc. has had a low of $7.15 and a high of $18.08. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 5.30, and a quick ratio of 5.30. The fifty day moving average price for FSLY is $14.98 and a two-hundred day moving average price translates $11.23 for the stock.
The latest earnings results from Fastly Inc. (NYSE: FSLY) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at -$0.09, beating analysts’ expectations of -$0.1 by 0.01. This compares to -$0.54 EPS in the same period last year. The net profit margin was -38.20% and return on equity was -17.70% for FSLY. The company reported revenue of $117.56 million for the quarter, compared to $102.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.83 percent. For the current quarter, analysts expect FSLY to generate $118.67M in revenue.
Fastly Inc.(FSLY) Company Profile
Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer’s applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet. It is a programmable platform designed for web and application delivery. The company offers Compute@Edge; network services to speed up and optimize the delivery of web and application traffic; device detection and geolocation; content delivery network, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, programmatic control, content compression, reliability, and modern protocols and performance services; and streaming solutions and services, including live streaming and media shield. It also provides edge security solutions, such as DDoS protection, next-gen WAF, bot protection, API and ATO protection, advanced rate limiting, and compliance services; transport layer security (TLS) and platform TLS; and origin connect. In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and edge delivery services. It serves customers operating in digital publishing, media and entertainment, technology, online retail and education, SaaS, travel and hospitality, and financial services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.
