In yesterday’s Wall Street session, Fastly Inc (NYSE:FSLY) shares traded at $7.27, down -3.07% from the previous session.
FSLY stock price is now -28.96% away from the 50-day moving average and -53.72% away from the 200-day moving average. The market capitalization of the company currently stands at $993.08M.
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With the price target reduced from $24 to $8.50, DA Davidson Downgraded its rating from Buy to Neutral for Fastly Inc (NYSE: FSLY). On May 02, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $18 to quote $8, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, KISLING RONALD W, Chief Financial Officer sold 1,206 shares of the company’s stock on May 29 ’24. The stock was sold for $9,829 at an average price of $8.15. Upon completion of the transaction, the Chief Financial Officer now directly owns 605,506 shares in the company, valued at $4.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, CEO Nightingale Todd sold 12,163 shares of the business’s stock. A total of $108,494 was realized by selling the stock at an average price of $8.92. This leaves the insider owning 1,729,018 shares of the company worth $12.57 million. A total of 8.33% of the company’s stock is owned by insiders.
During the past 12 months, Fastly Inc has had a low of $7.30 and a high of $25.87. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 3.83, and a quick ratio of 3.83. The fifty day moving average price for FSLY is $10.1256 and a two-hundred day moving average price translates $15.63215 for the stock.
The latest earnings results from Fastly Inc (NYSE: FSLY) was released for 2024-03-31. The net profit margin was -25.26% and return on equity was -13.52% for FSLY. The company reported revenue of $133.52 million for the quarter, compared to $117.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.57 percent.
