Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fastly Inc shares valued at $58,398 were purchased by Ronald Kisling on Jan 16 ’25. At $9.72 per share, Ronald Kisling acquired 6,008 shares.
Also, KISLING RONALD W sold 12,500 shares, netting a total of over 125,000 in proceeds. Following the sale of shares at $10.00 each, the insider now holds 525,850 shares.
Before that, Bergman Artur had sold 8,049 shares from its account. In a trade valued at $80,812, the Chief Technology Officer traded Fastly Inc shares for $10.04 each. Upon closing the transaction, the insider’s holdings decreased to 8,049 shares, worth approximately $32.38 million.
As published in a research note from Oppenheimer on December 02, 2024, Fastly Inc [FSLY] has been rated up from a Perform to an Outperform and the price target has been revised to $12. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in early October. As of August 08, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for FSLY. Earlier on May 02, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for FSLY stock which previously was a “a Buy”.
Analyzing FSLY Stock Performance
During the last five days, there has been a drop of approximately -2.78%. Over the course of the year, Fastly Inc shares have jumped approximately 0.11%. Shares of the company reached a 52-week high of $10.16 on 01/06/25 and a 52-week low of $8.67 on 01/13/25. A 50-day SMA is recorded $8.95, while a 200-day SMA reached $8.38. Nevertheless, trading volume fell to 1.82 million shares from 1.49 million shares the previous day.
Support And Resistance Levels for Fastly Inc (FSLY)
According to the 24-hour chart, there is a support level at 9.19, which, if violated, would cause prices to drop to 8.94. In the upper region, resistance lies at 9.63. The next price resistance is at 9.81. RSI (Relative Strength Index) is 50.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 51.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
