In yesterday’s Wall Street session, Fastly Inc (NYSE:FSLY) shares traded at $9.39, down -4.86% from the previous session.
FSLY stock price is now 25.75% away from the 50-day moving average and 5.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
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With the price target maintained at $12, Oppenheimer recently Upgraded its rating from Perform to Outperform for Fastly Inc (NYSE: FSLY). , while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, PER ARTUR BERGMAN, Director bought 150,000 shares of the company’s stock on Dec 02 ’24. The stock was bought for $1,272,000 at an average price of $8.48. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, Officer Ronald Kisling bought 1,186 shares of the business’s stock. A total of $9,025 was incurred on buying the stock at an average price of $7.61. A total of 8.83% of the company’s stock is owned by insiders.
During the past 12 months, Fastly Inc has had a low of $5.52 and a high of $25.87. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 3.97, and a quick ratio of 3.97. The fifty day moving average price for FSLY is $7.4246 and a two-hundred day moving average price translates $8.91015 for the stock.
The latest earnings results from Fastly Inc (NYSE: FSLY) was released for 2024-09-30. The net profit margin was -27.47% and return on equity was -15.33% for FSLY. The company reported revenue of $137.21 million for the quarter, compared to $127.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.35 percent.
