In yesterday’s Wall Street session, Fastly Inc (NYSE:FSLY) shares traded at $12.40, down -3.35% from the previous session.
FSLY stock price is now -10.33% away from the 50-day moving average and -28.68% away from the 200-day moving average. The market capitalization of the company currently stands at $1.66B.
With the price target reduced from $19 to $16, Piper Sandler Upgraded its rating from Neutral to Overweight for Fastly Inc (NYSE: FSLY). On February 15, 2024, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $20, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, KISLING RONALD W, Chief Financial Officer sold 7,486 shares of the company’s stock on Apr 16 ’24. The stock was sold for $97,318 at an average price of $13.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 632,736 shares in the company, valued at $7.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chief Financial Officer KISLING RONALD W sold 12,000 shares of the business’s stock. A total of $155,040 was realized by selling the stock at an average price of $12.92. This leaves the insider owning 640,222 shares of the company worth $7.94 million. A total of 8.60% of the company’s stock is owned by insiders.
During the past 12 months, Fastly Inc has had a low of $11.61 and a high of $25.87. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 3.14, and a quick ratio of 3.14.
The net profit margin was -26.30% and return on equity was -13.76% for FSLY. The company reported revenue of $137.78 million for the quarter, compared to $119.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.47 percent.
