Fastly Inc (NYSE:FSLY) EVP Sells $30,708.37 in Stock

Fastly Inc (NYSE:FSLY) EVP Wolfgang Maasberg sold 1,463 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $20.99, for a total transaction of $30,708.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Wolfgang Maasberg also recently made the following trade(s):

  • On Friday, November 15th, Wolfgang Maasberg sold 100,000 shares of Fastly stock. The stock was sold at an average price of $20.23, for a total transaction of $2,023,000.00.

Shares of Fastly stock traded down $0.03 on Tuesday, hitting $21.25. The company had a trading volume of 2,690,638 shares, compared to its average volume of 1,267,267. The business has a 50-day simple moving average of $21.83. Fastly Inc has a 52 week low of $14.12 and a 52 week high of $35.25.

Several research firms recently weighed in on FSLY. Citigroup increased their price objective on shares of Fastly from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Piper Jaffray Companies lowered shares of Fastly from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $24.00 in a research note on Friday, October 11th. Zacks Investment Research upgraded shares of Fastly from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Stifel Nicolaus set a $25.00 price target on shares of Fastly and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, ValuEngine lowered shares of Fastly from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Fastly has a consensus rating of “Buy” and a consensus price target of $25.49.

Institutional investors have recently bought and sold shares of the company. Abdiel Capital Advisors LP bought a new position in shares of Fastly in the second quarter valued at approximately $45,696,000. Morgan Stanley bought a new stake in Fastly during the second quarter worth approximately $1,659,000. Laurion Capital Management LP bought a new stake in Fastly during the second quarter worth approximately $1,470,000. Waddell & Reed Financial Inc. bought a new stake in Fastly during the second quarter worth approximately $22,879,000. Finally, Jane Street Group LLC bought a new stake in Fastly during the second quarter worth approximately $592,000. Institutional investors and hedge funds own 14.12% of the company’s stock.

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

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