180 Wealth Advisors LLC Grows Stock Position in Fastly, Inc. (NYSE:FSLY)

180 Wealth Advisors LLC boosted its position in shares of Fastly, Inc. (NYSE:FSLY) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 68,643 shares of the company’s stock after buying an additional 1,695 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Fastly were worth $648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Fastly by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 68,301 shares of the company’s stock worth $503,000 after buying an additional 2,128 shares during the period. Blue Trust Inc. boosted its holdings in Fastly by 15.2% during the 3rd quarter. Blue Trust Inc. now owns 17,420 shares of the company’s stock valued at $128,000 after acquiring an additional 2,296 shares during the period. Arizona State Retirement System grew its position in Fastly by 10.3% in the 2nd quarter. Arizona State Retirement System now owns 35,690 shares of the company’s stock valued at $263,000 after acquiring an additional 3,338 shares during the last quarter. FMR LLC increased its stake in Fastly by 124.2% in the third quarter. FMR LLC now owns 6,357 shares of the company’s stock worth $48,000 after purchasing an additional 3,522 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of Fastly by 95.3% during the second quarter. Daiwa Securities Group Inc. now owns 8,849 shares of the company’s stock worth $65,000 after purchasing an additional 4,318 shares during the last quarter. 79.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FSLY. Robert W. Baird upped their price target on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of Fastly from $7.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Monday, December 2nd. DA Davidson increased their price objective on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Raymond James lowered Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.85.

Insider Activity at Fastly

In other news, CFO Ronald W. Kisling sold 12,500 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $10.00, for a total transaction of $125,000.00. Following the sale, the chief financial officer now owns 525,850 shares in the company, valued at approximately $5,258,500. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Artur Bergman sold 8,049 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $10.04, for a total transaction of $80,811.96. Following the transaction, the chief technology officer now owns 3,426,087 shares in the company, valued at approximately $34,397,913.48. This trade represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 241,741 shares of company stock valued at $1,993,300 over the last 90 days. Insiders own 6.70% of the company’s stock.

Fastly Trading Down 0.3 %

FSLY opened at $8.85 on Wednesday. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -8.12 and a beta of 1.24. Fastly, Inc. has a 12 month low of $5.52 and a 12 month high of $25.87. The stock has a fifty day moving average price of $9.06 and a 200-day moving average price of $7.75.

Fastly (NYSE:FSLY) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. The business had revenue of $137.21 million during the quarter, compared to the consensus estimate of $131.86 million. During the same period in the previous year, the company posted ($0.33) earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that Fastly, Inc. will post -0.86 earnings per share for the current fiscal year.

Fastly Company 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.