Fastly Inc (NYSE: FSLY) is -58.71% lower on its value in year-to-date trading and has touched a low of $5.52 and a high of $25.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FSLY stock was last observed hovering at around $6.95 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $7.35, the stock is 19.57% and 7.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.2 million and changing 5.76% at the moment leaves the stock -39.10% off its SMA200. FSLY registered -64.22% loss for a year compared to 6-month loss of -42.26%.
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The stock witnessed a 13.95% gain in the last 1 month and extending the period to 3 months gives it a 3.81%, and is 26.94% 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 6.75% over the week and 4.89% over the month.
Fastly Inc (FSLY) has around 1207 employees, a market worth around $1.02B and $531.48M in sales. Fwd P/E is 162.72. Profit margin for the company is -31.02%. Distance from 52-week low is 33.15% and -71.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.03%).
The EPS is expected to grow by 15.55% this year.
Fastly Inc (FSLY) Top Institutional Holders
335.0 institutions hold shares in Fastly Inc (FSLY), with institutional investors hold 73.93% of the company’s shares. The shares outstanding are 132.99M, and float is at 126.17M with Short Float at 11.32%. Institutions hold 68.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 15.3 million shares valued at $112.75 million. The investor’s holdings represent 11.3669% of the FSLY Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 11.87 million shares valued at $87.52 million to account for 8.8233 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 11.84 million shares representing 8.7999% and valued at over $87.29 million, while LEGAL & GENERAL GROUP PLC holds 5.1737 of the shares totaling 6.96 million with a market value of $51.32 million.
Fastly Inc (FSLY) Insider Activity
The most recent transaction is an insider sale by Bergman Artur, the company’s Chief Technology Officer. SEC filings show that Bergman Artur sold 19,889 shares of the company’s common stock on Sep 03 ’24 at a price of $5.96 per share for a total of $0.12 million. Following the sale, the insider now owns 6.21 million shares.
Fastly Inc disclosed in a document filed with the SEC on Aug 29 ’24 that KISLING RONALD W (Chief Financial Officer) sold a total of 1,192 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $5.92 per share for $7057.0. Following the transaction, the insider now directly holds 0.57 million shares of the FSLY stock.
Still, SEC filings show that on Sep 03 ’24, PER ARTUR BERGMAN (Director) Proposed Sale 19,889 shares at an average price of $6.02 for $0.12 million. The insider now directly holds shares of Fastly Inc (FSLY).
