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 $325,291 were sold by Bergman Artur on Jan 23 ’25. At $10.31 per share, Bergman Artur sold 31,551 shares. The insider’s holdings dropped to 3,394,136 shares worth approximately $36.08 million following the completion of this transaction.
Also, Bergman Artur sold 10,000 shares, netting a total of over 101,200 in proceeds. Following the sale of shares at $10.12 each, the insider now holds 3,384,136 shares.
Before that, KISLING RONALD W had sold 6,038 shares from its account. In a trade valued at $57,059, the Chief Financial Officer traded Fastly Inc shares for $9.45 each. Upon closing the transaction, the insider’s holdings decreased to 6,038 shares, worth approximately $5.53 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 surge of approximately 9.70%. Over the course of the year, Fastly Inc shares have jumped approximately 12.61%. Shares of the company reached a 52-week high of $10.95 on 01/28/25 and a 52-week low of $8.67 on 01/13/25. A 50-day SMA is recorded $9.41, while a 200-day SMA reached $8.24. Nevertheless, trading volume fell to 2.29 million shares from 2.9 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 10.41, which, if violated, would cause prices to drop to 10.19. In the upper region, resistance lies at 10.84. The next price resistance is at 11.05. RSI (Relative Strength Index) is 60.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 14.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
