Capital Asset Advisory Services LLC Makes New $118,000 Investment in Fastly, Inc. (NYSE:FSLY)

Capital Asset Advisory Services LLC purchased a new position in shares of Fastly, Inc. (NYSE:FSLY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,350 shares of the company’s stock, valued at approximately $118,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FSLY. Bank of New York Mellon Corp boosted its stake in shares of Fastly by 17.6% during the 4th quarter. Bank of New York Mellon Corp now owns 490,719 shares of the company’s stock worth $42,873,000 after acquiring an additional 73,534 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in Fastly in the 4th quarter valued at about $1,055,000. Parallel Advisors LLC lifted its stake in Fastly by 101.8% in the 4th quarter. Parallel Advisors LLC now owns 1,374 shares of the company’s stock valued at $120,000 after buying an additional 693 shares in the last quarter. Prospera Financial Services Inc lifted its stake in Fastly by 34,442.9% in the 4th quarter. Prospera Financial Services Inc now owns 12,090 shares of the company’s stock valued at $1,056,000 after buying an additional 12,055 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Fastly by 14.6% in the 4th quarter. Swiss National Bank now owns 183,900 shares of the company’s stock valued at $16,067,000 after buying an additional 23,400 shares in the last quarter. 54.67% of the stock is currently owned by institutional investors.

Fastly stock opened at $67.55 on Thursday. Fastly, Inc. has a fifty-two week low of $20.00 and a fifty-two week high of $136.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.97 and a current ratio of 7.97. The firm has a 50 day moving average price of $72.23 and a 200 day moving average price of $86.95. The company has a market capitalization of $7.05 billion, a PE ratio of -105.55 and a beta of 1.34.

Fastly (NYSE:FSLY) last posted its earnings results on Tuesday, February 16th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.08. Fastly had a negative net margin of 24.07% and a negative return on equity of 14.37%. The firm had revenue of $82.65 million during the quarter, compared to the consensus estimate of $82.48 million. As a group, equities research analysts forecast that Fastly, Inc. will post -0.59 earnings per share for the current year.

In other Fastly news, CEO Joshua Bixby sold 25,364 shares of the firm’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $94.40, for a total value of $2,394,361.60. Following the completion of the transaction, the chief executive officer now owns 364,405 shares of the company’s stock, valued at approximately $34,399,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Artur Bergman sold 14,423 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $68.94, for a total transaction of $994,321.62. Following the completion of the transaction, the insider now directly owns 349,742 shares of the company’s stock, valued at approximately $24,111,213.48. The disclosure for this sale can be found here. Insiders sold a total of 265,980 shares of company stock valued at $21,886,541 in the last quarter. 24.33% of the stock is owned by insiders.

FSLY has been the topic of a number of research reports. Piper Sandler raised shares of Fastly from an “underweight” rating to a “neutral” rating and set a $65.00 price target on the stock in a research note on Monday, March 15th. Raymond James raised their price target on shares of Fastly from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Zacks Investment Research reissued an “average” rating on shares of Fastly in a research note on Tuesday, February 23rd. Finally, Oppenheimer upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $125.00 price target for the company in a report on Thursday, January 21st. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $74.93.

Fastly Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. 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.

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Institutional Ownership by Quarter for Fastly (NYSE:FSLY)

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