KISLING RONALD W divested 17442.0 US dollars’ worth of Fastly Inc. [FSLY] stock.

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Fastly Inc.’s recently made public that its Chief Financial Officer KISLING RONALD W unloaded Company’s shares for reported $17442.0 on Oct 19. In the deal valued at $7.95 per share,2,194 shares were sold. As a result of this transaction, KISLING RONALD W now holds 387,825 shares worth roughly $ 3.39 million.


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Then, KISLING RONALD W sold 7,288 shares, generating $61,948 in total proceeds. Upon selling the shares at $8.50, the Chief Financial Officer now owns 390,019 shares.

Before that, Shirk Brett sold 7,000 shares. Fastly Inc. shares valued at $56,490 were divested by the Executive Vice President, CRO at a price of $8.07 per share. As a result of the transaction, Shirk Brett now holds 253,246 shares, worth roughly $2.22 million.

RBC Capital Mkts downgraded its Fastly Inc. [FSLY] rating to an Underperform from a a Sector perform in a research note published on July 19, 2022; the price target was decreased to $9 from $17.50. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid July from “an Equal-weight” to “an Underweight”. Raymond James also remained covering FSLY and has increased its forecast on February 18, 2022 with a “Strong buy” recommendation from previously “an Outperform” rating. RBC Capital Mkts maintained its rating on February 17, 2022. It rated FSLY as “a Sector perform”.

Price Performance Review of FSLY

On Monday, Fastly Inc. [NYSE:FSLY] saw its stock jump 1.04% to $8.75. Over the last five days, the stock has gained 3.06%. Fastly Inc. shares have fallen nearly -75.32% since the year began. Nevertheless, the stocks have fallen -82.43% over the past one year. While a 52-week high of $53.51 was reached on 01/03/22, a 52-week low of $7.32 was recorded on 10/13/22. SMA at 50 days reached $8.75, while 200 days put it at $13.87. A total of 3.14 million shares were traded, compared to the trading of 4.48 million shares in the previous session.

Levels Of Support And Resistance For FSLY Stock

The 24-hour chart illustrates a support level at 8.52, which if violated will result in even more drops to 8.28. On the upside, there is a resistance level at 8.96. A further resistance level may holdings at 9.16. The Relative Strength Index (RSI) on the 14-day chart is 52.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.32%. Stochastics %K at 74.32% indicates the stock is a holding.

How much short interest is there in Fastly Inc.?

A steep rise in short interest was recorded in Fastly Inc. stocks on Jul 14, 2022, dropping by -1.16 million shares to a total of 12.92 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 14.08 million shares. There was a decline of -8.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.8.

Fastly Inc. [FSLY] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,137,553 shares, or roughly 8.31% of the outstanding FSLY shares. In other words, the investor’s shares have risen by 910,504 from its previous 13-F filing of 9227049.0. Additionally, First Trust Advisors LP decreased -0.54% of its stake after which the total value it holdings stand at $71,489,138, while Legal & General Investment Manage added 115.66% of its stake to hold $68.11 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 2,953,902 shares of Fastly Inc., while D. E. Shaw & Co. LP bought 469,937 shares. At present, Alyeska Investment Group LP is holding 2,705,756 shares valued at $24.78 million. SSgA Funds Management, Inc. owned 2,288,549 shares of the company at the time of its most recent 13F filing, worth $20.96 million.

The most recent change occurred on February 17, 2022 when Piper Sandler resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $23.

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