Fastly Inc (NYSE:FSLY) CEO Joshua Bixby Sells 10,000 Shares of Stock

Fastly Inc (NYSE:FSLY) CEO Joshua Bixby sold 10,000 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $85.62, for a total transaction of $856,200.00. Following the transaction, the chief executive officer now directly owns 359,409 shares of the company’s stock, valued at approximately $30,772,598.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Joshua Bixby also recently made the following trade(s):

  • On Friday, May 29th, Joshua Bixby sold 10,000 shares of Fastly stock. The stock was sold at an average price of $42.25, for a total transaction of $422,500.00.
  • On Friday, May 1st, Joshua Bixby sold 10,000 shares of Fastly stock. The shares were sold at an average price of $21.48, for a total transaction of $214,800.00.
  • On Friday, April 17th, Joshua Bixby sold 10,000 shares of Fastly stock. The shares were sold at an average price of $23.14, for a total value of $231,400.00.
  • On Friday, April 3rd, Joshua Bixby sold 10,000 shares of Fastly stock. The shares were sold at an average price of $18.20, for a total transaction of $182,000.00.

Shares of FSLY opened at $85.13 on Wednesday. The business’s 50-day moving average is $51.14 and its 200-day moving average is $28.68. Fastly Inc has a fifty-two week low of $10.63 and a fifty-two week high of $89.05.

Fastly (NYSE:FSLY) last issued its earnings results on Wednesday, May 6th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.11. The firm had revenue of $63.00 million during the quarter, compared to analyst estimates of $59.40 million. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. On average, sell-side analysts expect that Fastly Inc will post -0.38 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its holdings in shares of Fastly by 285.4% during the first quarter. Morgan Stanley now owns 2,883,106 shares of the company’s stock worth $54,720,000 after buying an additional 2,134,966 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Fastly by 12,226.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,108,720 shares of the company’s stock worth $42,322,000 after purchasing an additional 2,091,613 shares in the last quarter. FMR LLC boosted its position in shares of Fastly by 645.6% during the 4th quarter. FMR LLC now owns 2,307,034 shares of the company’s stock valued at $46,302,000 after acquiring an additional 1,997,618 shares in the last quarter. Deutsche Bank AG grew its position in Fastly by 704,498.4% in the first quarter. Deutsche Bank AG now owns 1,359,875 shares of the company’s stock valued at $25,810,000 after acquiring an additional 1,359,682 shares during the period. Finally, Atom Investors LP acquired a new stake in shares of Fastly during the 1st quarter worth about $7,654,000. 39.11% of the stock is owned by hedge funds and other institutional investors.

FSLY has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of Fastly from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Robert W. Baird boosted their price target on Fastly from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Zacks Investment Research lowered Fastly from a “buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Piper Sandler increased their target price on shares of Fastly from $27.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, ValuEngine downgraded shares of Fastly from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $30.11.

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Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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