NumerixS Investment Technologies Inc Makes New $227,000 Investment in Fastly Inc (NYSE:FSLY)

NumerixS Investment Technologies Inc acquired a new position in Fastly Inc (NYSE:FSLY) in the 2nd quarter, HoldingsChannel reports. The firm acquired 11,200 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Monashee Investment Management LLC purchased a new stake in Fastly in the 2nd quarter worth approximately $231,000. Laurion Capital Management LP purchased a new stake in Fastly in the 2nd quarter worth approximately $1,470,000. Landscape Capital Management L.L.C. purchased a new stake in Fastly in the 2nd quarter worth approximately $3,434,000. Roundview Capital LLC purchased a new stake in Fastly in the 2nd quarter worth approximately $1,208,000. Finally, King Luther Capital Management Corp purchased a new stake in Fastly in the 2nd quarter worth approximately $309,000. Institutional investors and hedge funds own 14.14% of the company’s stock.

FSLY has been the subject of several research analyst reports. William Blair initiated coverage on Fastly in a report on Tuesday, June 11th. They issued an “outperform” rating for the company. Oppenheimer initiated coverage on Fastly in a report on Tuesday, June 11th. They issued an “outperform” rating and a $27.00 price objective for the company. Bank of America initiated coverage on Fastly in a report on Tuesday, June 11th. They issued a “buy” rating and a $26.00 price objective for the company. Stifel Nicolaus set a $25.00 price objective on Fastly and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Raymond James initiated coverage on Fastly in a report on Wednesday, June 12th. They issued a “market perform” rating and a $22.87 price objective for the company. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.03.

In other Fastly news, major shareholder Qualified Master Fund L. Abdiel bought 137,515 shares of Fastly stock in a transaction on Monday, July 15th. The stock was acquired at an average price of $20.32 per share, with a total value of $2,794,304.80. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Qualified Master Fund L. Abdiel bought 137,702 shares of Fastly stock in a transaction on Thursday, July 18th. The stock was acquired at an average cost of $21.29 per share, with a total value of $2,931,675.58. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,795,982 shares of company stock valued at $34,168,316.

Shares of FSLY traded down $1.44 on Thursday, reaching $27.17. The stock had a trading volume of 884,895 shares, compared to its average volume of 2,542,465. The company’s 50-day moving average price is $24.43. Fastly Inc has a 12-month low of $14.12 and a 12-month high of $35.25.

Fastly (NYSE:FSLY) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.03). The company had revenue of $46.17 million during the quarter, compared to the consensus estimate of $45.31 million. During the same period in the previous year, the business posted ($0.20) earnings per share. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. Sell-side analysts predict that Fastly Inc will post -0.58 EPS for the current fiscal year.

Featured Article: How are dividend achievers different from dividend aristocrats?

Want to see what other hedge funds are holding FSLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fastly Inc (NYSE:FSLY).

Institutional Ownership by Quarter for Fastly (NYSE:FSLY)

Receive News & Ratings for Fastly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastly and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit