Fastly, Inc. (NYSE:FSLY) Director Christopher B. Paisley sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 17th. The stock was sold at an average price of $76.28, for a total value of $381,400.00.
Shares of FSLY opened at $83.00 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.72 and a quick ratio of 13.72. The stock has a 50-day moving average of $85.79 and a 200-day moving average of $74.82. The company has a market cap of $8.50 billion, a PE ratio of -129.69 and a beta of 1.24. Fastly, Inc. has a one year low of $10.63 and a one year high of $136.50.
Fastly (NYSE:FSLY) last issued its earnings results on Wednesday, October 28th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.08. Fastly had a negative return on equity of 16.24% and a negative net margin of 24.07%. Analysts expect that Fastly, Inc. will post -0.59 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Rockbridge Investment Management LCC grew its stake in shares of Fastly by 498.0% in the 3rd quarter. Rockbridge Investment Management LCC now owns 305 shares of the company’s stock valued at $29,000 after buying an additional 254 shares during the period. Summit X LLC acquired a new stake in shares of Fastly in the 3rd quarter valued at about $38,000. Asset Dedication LLC acquired a new position in Fastly during the 3rd quarter valued at about $37,000. Freestone Capital Holdings LLC acquired a new position in Fastly during the 3rd quarter valued at about $40,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in Fastly during the 2nd quarter valued at about $42,000. Institutional investors own 61.15% of the company’s stock.
Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. It is a programmable platform designed for Web and application delivery.
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