Fastly Inc (NYSE: FSLY) stock jumped 4.34% on Monday to $18.75 against a previous-day closing price of $17.97. With 3.84 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.83 million shares. The 52-week range on FSLY shows that it touched its highest point at $24.31 and its lowest point at $7.15 during that stretch. It currently has a 1-year price target of $19.17. Beta for the stock currently stands at 1.36.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FSLY was up-trending over the past week, with a rise of 17.04%, but this was up by 27.90% over a month. Three-month performance dropped to -2.70% while six-month performance rose 39.30%. The stock gained 106.73% in the past year, while it has gained 128.94% so far this year. A look at the trailing 12-month EPS for FSLY yields -1.24 with Next year EPS estimates of -0.02. For the next quarter, that number is -0.02. This implies an EPS growth rate of 64.85% for this year and 92.48% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -34.86%.
Float and Shares Shorts:
At present, 124.34 million FSLY shares are outstanding with a float of 119.60 million shares on hand for trading. On Oct 30, 2023, short shares totaled 9.92 million, which was 7.58% higher than short shares on Sep 28, 2023. In addition to Mr. Todd Nightingale as the firm’s CEO & Director, Mr. Artur Bergman serves as its Co-Founder, Chief Architect & Director.
Institutional Ownership:
Through their ownership of 71.33% of FSLY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.85% of FSLY, in contrast to 31.43% held by mutual funds. Shares owned by individuals account for 22.92%. As the largest shareholder in FSLY with 9.60% of the stake, The Vanguard Group, Inc. holds 12,408,946 shares worth 12,408,946. A second-largest stockholder of FSLY, Fidelity Management & Research Co, holds 11,233,539 shares, controlling over 8.70% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in FSLY, holding 7,733,536 shares or 5.99% stake. With a 4.57% stake in FSLY, the Fidelity Global Innovators Invest is the largest stakeholder. A total of 5,902,130 shares are owned by the mutual fund manager. The Legal & General UCITS ETF PLC – C, which owns about 4.22% of FSLY stock, is the second-largest Mutual Fund holder. It holds 5,451,243 shares valued at 79.97 million. Fidelity Global Innovators Class holds 3.21% of the stake in FSLY, owning 4,146,704 shares worth 60.83 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FSLY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FSLY analysts setting a high price target of $26.50 and a low target of $11.00, the average target price over the next 12 months is $19.17. Based on these targets, FSLY could surge 41.33% to reach the target high and fall by -41.33% to reach the target low. Reaching the average price target will result in a growth of 2.24% from current levels.
Summary of Insider Activity:
Insiders traded FSLY stock several times over the past three months with 1 Buys and 14 Sells. In these transactions, 1,000 shares were bought while 202,692 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 86 over the past year. The total number of shares bought during that period was 754,370 while 1,218,541 shares were sold.
