Fastly Inc (NYSE:FSLY) President Joshua Bixby sold 10,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $21.43, for a total transaction of $214,300.00. Following the sale, the president now owns 116,408 shares of the company’s stock, valued at approximately $2,494,623.44. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Friday, December 27th, Joshua Bixby sold 10,000 shares of Fastly stock. The shares were sold at an average price of $20.11, for a total transaction of $201,100.00.
  • On Friday, December 13th, Joshua Bixby sold 10,000 shares of Fastly stock. The shares were sold at an average price of $20.02, for a total transaction of $200,200.00.
  • On Friday, November 15th, Joshua Bixby sold 20,000 shares of Fastly stock. The shares were sold at an average price of $20.31, for a total transaction of $406,200.00.

FSLY stock traded down $0.10 during midday trading on Tuesday, reaching $22.05. 735,960 shares of the company’s stock traded hands, compared to its average volume of 1,135,579. The firm’s fifty day moving average price is $20.43 and its 200-day moving average price is $22.24. Fastly Inc has a 52 week low of $14.12 and a 52 week high of $35.25.

Fastly (NYSE:FSLY) last posted its earnings results on Thursday, November 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $49.80 million during the quarter, compared to the consensus estimate of $48.29 million. On average, equities analysts predict that Fastly Inc will post -0.53 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc bought a new stake in shares of Fastly in the 3rd quarter worth $34,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Fastly in the 2nd quarter worth $41,000. AdvisorNet Financial Inc bought a new stake in shares of Fastly in the 3rd quarter worth $76,000. Endurance Wealth Management Inc. bought a new stake in shares of Fastly in the 3rd quarter worth $96,000. Finally, FNY Investment Advisers LLC grew its stake in shares of Fastly by 54.1% in the 4th quarter. FNY Investment Advisers LLC now owns 6,193 shares of the company’s stock worth $124,000 after acquiring an additional 2,174 shares in the last quarter. Hedge funds and other institutional investors own 12.93% of the company’s stock.

FSLY has been the subject of a number of recent research reports. ValuEngine lowered shares of Fastly from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Citigroup boosted their price target on shares of Fastly from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Zacks Investment Research upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, January 8th. Finally, Piper Jaffray Companies upgraded shares of Fastly from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.36.

Further Reading: Risk Tolerance

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

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