Piper Sandler analyst James Fish maintained a Hold rating on Fastly (FSLY – Research Report) today and set a price target of $7.00. The company’s shares closed yesterday at $6.03.
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According to TipRanks, Fish is a 5-star analyst with an average return of 9.6% and a 56.39% success rate. Fish covers the Technology sector, focusing on stocks such as Five9, Arista Networks, and Nutanix.
Currently, the analyst consensus on Fastly is a Hold with an average price target of $6.42.
FSLY market cap is currently $843.5M and has a P/E ratio of -5.26.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FSLY in relation to earlier this year. Last month, Ronald Kisling, the CFO of FSLY sold 5,342.00 shares for a total of $28,098.92.
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