This Is Too Hot For Fastly Inc. (NYSE: FSLY), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Fastly Inc. (FSLY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.40, or -4.45%, to $8.58. Volume reached 58,144 shares, with price reaching a high of $8.86 and a low of $8.58. Most recently, Yahoo Finance reported about the stock as it publicized that Fastly Named a Challenger in Gartner® Magic Quadrant™ for Web Application and API Protection.

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Stocks Info

As a NYSE listed company, FSLY falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $8.75 and fluctuated between $9.27 as its day high and $8.73 as its day low. The current market capitalization of Fastly Inc. is $1.14B. A total of 2.56 million shares were traded on the day, compared to an average of 4.10M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FSLY has seen 0 BUY and 10 SELL insider trades, representing the acquisition of 0 and the disposition of 115,294 shares. Over the last 12 months, there were 24 BUYs and 42 SELLs from insiders. Insiders purchased 1,687,235 shares during that period but sold 344,918.

In the most recent transaction, Shirk Brett sold 2,998 shares of FSLY for 9.51 per share on Sep 16. After the transaction, the Executive Vice President, CRO now owns 260,246 company shares. In a previous transaction on Sep 15, Shirk Brett sold 7,000 shares at 9.92 per share. FSLY shares that Executive Vice President, CRO owns now total 263,244.

Among the insiders who sold shares, Shirk Brett disposed of 30,000 shares on Aug 17 at a per-share price of $11.29. This resulted in the Executive Vice President, CRO holding 270,244 shares of FSLY after the transaction. In another insider transaction, Bergman Artur sold 17,478 shares at $11.28 per share on Aug 17. Company shares held by the Chief Architect, Exec. Chair now total 6,695,114.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FSLY in the last 3 months, the mean price target is $13.56 with high estimates of $25.00 and low estimates of $9.00. In terms of 52-week highs and lows, FSLY has a high of $58.62 and a low of $8.27.

As of this writing, FSLY has an earnings estimate of $-0.47 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $-0.45 per share and a lower estimate of $-0.5. The company reported an EPS of $-0.52 in the last quarter, which was -6.12% lower than expectations of $-0.49.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FSLY is Hold with a score of 2.60. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 3 thought it should be Sold.

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