Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fastly Inc shares valued at $19,005 were purchased by Ronald Kisling on Feb 25 ’25. At $8.07 per share, Ronald Kisling acquired 2,355 shares.
Also, Todd Nightingale purchased 9,810 shares, netting a total of over 79,167 in proceeds.
Before that, Artur Bergman had added 2,263 shares to its account. In a trade valued at $22,766, the Director bought Fastly Inc shares for $10.06 each.
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 -22.44%. Over the course of the year, Fastly Inc shares have dropped approximately -17.27%. Shares of the company reached a 52-week high of $11.14 on 01/31/25 and a 52-week low of $7.45 on 02/13/25. A 50-day SMA is recorded $9.86, while a 200-day SMA reached $8.01. Nevertheless, trading volume fell to 2.3 million shares from 3.4 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 7.64, which, if violated, would cause prices to drop to 7.47. In the upper region, resistance lies at 7.99. The next price resistance is at 8.18. RSI (Relative Strength Index) is 32.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.48, which suggests the price will decrease in the coming days. Percent R is at 90.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
