Fastly Inc. (FSLY) makes 11.31% gain – What does that mean for its investors?

Fastly Inc. (NYSE: FSLY) is 371.70% higher on its value in year-to-date trading and has touched a low of $10.63 and a high of $117.79 in the current 52-week trading range. The FSLY stock was last observed hovering at around $94.35 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $100.00 for the next 12 months. It is also 17.68% off the consensus price target high of $115.00 offered by 12 analysts, but current levels are -63.22% lower than the price target low of $58.00 for the same period.

Currently trading at $94.67, the stock is 7.79% and 11.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.94 million and changing 0.34% at the moment leaves the stock 136.70% off its SMA200. FSLY registered 238.83% gain for a year compared to 6-month gain of 362.03%. The firm has a 50-day simple moving average (SMA 50) of $9.48% and a 200-day simple moving average (SMA200) of $8.07M.

The stock witnessed a 2.28% loss in the last 1 month and extending the period to 3 months gives it a 100.32%, and is 11.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.28% over the week and 9.12% over the month.

Fastly Inc. (FSLY) has around 717 employees, a market worth around $9.93B and $246.30M in sales. Fwd P/E is 2201.63. Profit margin for the company is -21.40%. Distance from 52-week low is 790.59% and -19.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.40%).

Fastly Inc. (FSLY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Fastly Inc. (FSLY) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.40, where 3 rate it as a Hold and 2 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Fastly Inc. is expected to release its quarterly report on 11/05/2020 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $74.77M over the same period.The EPS is expected to shrink by -121.10% this year, but quarterly earnings will post 48.00% year-over-year. Quarterly sales are estimated to grow 50.10% in year-over-year returns.

Fastly Inc. (FSLY) Top Institutional Holders

155 institutions hold shares in Fastly Inc. (FSLY), with 12.2M shares held by insiders accounting for 11.59% while institutional investors hold 47.52% of the company’s shares. The shares outstanding are 99.84M, and float is at 82.11M with Short Float at 12.14%. Institutions hold 42.01% of the Float.

The top institutional shareholder in the company is Abdiel Capital Advisors, LP with over 9.5 million shares valued at $808.88 million. The investor’s holdings represent 10.51% of the FSLY Shares outstanding. As of Jun 29, 2020, the second largest holder is Whale Rock Capital Management LLC with 6.5 million shares valued at $553.11 million to account for 7.19% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 6.08 million shares representing 6.72% and valued at over $517.25 million, while Morgan Stanley holds 4.99% of the shares totaling 4.51 million with a market value of $383.71 million.

Fastly Inc. (FSLY) Insider Activity

A total of 88 insider transactions have happened at Fastly Inc. (FSLY) in the last six months, with sales accounting for 49 and purchases happening 39 times. The most recent transaction is an insider sale by Luongo Paul, the company’s General Counsel. SEC filings show that Luongo Paul sold 16,252 shares of the company’s common stock on Aug 24 at a price of $84.72 per share for a total of $1.38 million. Following the sale, the insider now owns 0.27 million shares.

Fastly Inc. disclosed in a document filed with the SEC on Aug 24 that Bergman Artur (Chief Architect, Exec. Chair) sold a total of 92,308 shares of the company’s common stock. The trade occurred on Aug 24 and was made at $84.63 per share for $7.81 million. Following the transaction, the insider now directly holds 0.29 million shares of the FSLY stock.

Still, SEC filings show that on Aug 21, Bixby Joshua (CEO) disposed off 10,000 shares at an average price of $86.41 for $0.86 million. The insider now directly holds 303,379 shares of Fastly Inc. (FSLY).