Fastly Inc. (FSLY) Insider Activity Report: Who’s Selling?

Fastly Inc. (NYSE:FSLY) saw a downside of -8.83% to close Monday at $36.98 after subtracting -$3.58 on the day. The 5-day average trading volume is 2,902,660 shares of the company’s common stock. It has gained $42.18 in the past week. An average of 2,359,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,141,874.

FSLY’s 1-month performance is -21.75% or -$9.71 on its low of $36.62 reached on 10/04/21. The company’s shares have touched a 52-week low of $33.87 and high of $136.50, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, FSLY has lost -57.67% or -$50.39. However, the current price is down -72.91%% from the 52-week high price.


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Insider Transactions

On Sep 16, 19 days have gone by since the last insider trading activity for Fastly Inc. (FSLY). Shirk Brett (Executive Vice President, CRO) most recently sold 3,060 shares at $43.39 per share on Sep 16. This transaction cost the insider $132,773. Chief Architect, Exec. Chair, Bergman Artur, sold 5,406 shares at a price of $40.69 on Aug 20. Then, on Aug 19, CEO Bixby Joshua sold 4,962 shares at a price of $41.19 per share. This transaction amounted to $204,385.

Valuation Metrics

Fastly Inc. (FSLY) has a trailing price-to-earnings (P/E) ratio of 30.66 for the broader industry and 35.88 for the sector, meaning that investors are optimistic about the stock’s future prospects.FSLY stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.30 while the price-to-book (PB) in the most recent quarter is 4.15.

Fastly Inc.’s quick ratio for the period ended June 29 was 9.80, with the current ratio over the same period at 9.80 meaning that FSLY stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.92, while the total debt to equity was 0.94. In terms of profitability, the gross margin trailing 12 months is 56.40%The trailing 12-month EBITDA margin is -19.68% while for the period ending June 29; Fastly Inc.’s operating margin was -58.30%. The firm’s gross profit as reported stood at $170.87 million against revenue of $290.87 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Fastly Inc.’s cash and short-term investments amounted to $241.74 million against total debt of $1.03 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 26.0% to $85.03 million, while revenue of $84.85 million was 0.21% off the previous quarter. Analysts expected FSLY to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.15, representing a 11.80% surprise. EBITDA for the quarter stood at more than -$36.51 million. FSLY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.11 billion, with total debt at $1.03 billion. Shareholders hold equity totaling $116.6 million

Technical Picture

Let’s look briefly at Fastly Inc. (FSLY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 25.18% to suggest the stock is trending oversold, with historical volatility in this time period at 60.13%.

The stock’s 5-day moving average is $39.48, reflecting a -13.54% or -$5.79 change from its current price. FSLY is currently trading -20.80% above its 20-day SMA, -10.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -25.77% and -61.14% respectively.

Stochastic %K and %D was 14.89% and 12.05% and the average true range (ATR) pointed at 2.09. The RSI (14) points at 30.68%, while the 14-day stochastic is at 4.20% with the period’s ATR at 2.09. The stock’s 9-day MACD Oscillator is pointing at -1.55 and -2.48 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for FSLY stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate FSLY as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is FSLY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $32.00 and a high of $49.00, with their median price target at $36.00. Looking at these predictions, the average price target given by analysts is for Fastly Inc. (FSLY) stock is $37.43.

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