Fastly Inc. (NYSE: FSLY) is 0.97% higher on its value in year-to-date trading and has touched a low of $10.63 and a high of $136.50 in the current 52-week trading range. The FSLY stock was last observed hovering at around $86.91 in the last trading session, with the day’s gains setting it 1.31% off its average median price target of $80.00 for the next 12 months. It is also 1.98% off the consensus price target high of $90.00 offered by 12 analysts, but current levels are -87.7% lower than the price target low of $47.00 for the same period.
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Currently trading at $88.22, the stock is -5.77% and 4.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.41 million and changing 1.51% at the moment leaves the stock 25.03% off its SMA200. FSLY registered 308.24% gain for a year compared to 6-month gain of -7.05%. The firm has a 50-day simple moving average (SMA 50) of $90.46 and a 200-day simple moving average (SMA200) of $87.20.
The stock witnessed a -9.96% loss in the last 1 month and extending the period to 3 months gives it a -23.76%, and is 0.97% 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 4.67% over the week and 6.03% over the month.
Fastly Inc. (FSLY) has around 752 employees, a market worth around $9.86B and $267.20M in sales. Profit margin for the company is -24.10%. Distance from 52-week low is 729.92% and -35.37% 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 “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.90, where 5 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Fastly Inc. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $81.84M over the same period.The EPS is expected to shrink by -121.10% this year, but quarterly earnings will post 44.70% year-over-year. Quarterly sales are estimated to grow 38.90% in year-over-year returns.
Fastly Inc. (FSLY) Top Institutional Holders
453 institutions hold shares in Fastly Inc. (FSLY), with 8.68M shares held by insiders accounting for 7.64% while institutional investors hold 60.29% of the company’s shares. The shares outstanding are 105.94M, and float is at 94.53M with Short Float at 16.37%. Institutions hold 55.68% of the Float.
The top institutional shareholder in the company is Abdiel Capital Advisors, LP with over 9.5 million shares valued at $890.12 million. The investor’s holdings represent 9.28% of the FSLY Shares outstanding. As of Sep 29, 2020, the second largest holder is Morgan Stanley with 7.61 million shares valued at $712.54 million to account for 7.43% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 7.5 million shares representing 7.32% and valued at over $702.44 million, while Whale Rock Capital Management LLC holds 5.07% of the shares totaling 5.19 million with a market value of $486.44 million.
Fastly Inc. (FSLY) Insider Activity
A total of 157 insider transactions have happened at Fastly Inc. (FSLY) in the last six months, with sales accounting for 136 and purchases happening 21 times. The most recent transaction is an insider sale by Luongo Paul, the company’s General Counsel. SEC filings show that Luongo Paul sold 2,084 shares of the company’s common stock on Dec 24 at a price of $99.39 per share for a total of $0.21 million. Following the sale, the insider now owns 0.25 million shares.
Fastly Inc. disclosed in a document filed with the SEC on Nov 24 that Luongo Paul (General Counsel) sold a total of 7,775 shares of the company’s common stock. The trade occurred on Nov 24 and was made at $81.22 per share for $0.63 million. Following the transaction, the insider now directly holds 0.25 million shares of the FSLY stock.
Still, SEC filings show that on Nov 18, Bergman Artur (Chief Architect, Exec. Chair) disposed off 22,877 shares at an average price of $81.42 for $1.86 million. The insider now directly holds 313,679 shares of Fastly Inc. (FSLY).