Quick CFO Ronald Kiesling Sells $125,000 in Company Stock By Investing.com

Quickly, Inc. On January 6, Kiesling sold 12,500 shares of Fastly Class A common stock at $10 per share, for a total transaction value of $125,000. The sale comes as Fastly shares have shown strong momentum, up 32 percent over the past six months, he said. Invest Pro Data.

The transaction was made pursuant to a Rule 10b5-1 business plan that Kiesling approved on September 5, 2024. The company, currently valued at $1.3 billion, maintains strong liquidity with a current ratio of 3.97x.

Following the sale, Kiessling will retain ownership of 525,850 shares of the stock. The shares were sold by the Ronald Kiessling Living Trust, marking a significant change in ownership from direct to indirect. Invest Pro Analysis indicates that Fastly is currently undervalued, with additional insights available in a comprehensive Pro Research report covering 1,400+ US stocks.

In other recent news, Quickly Inc (NYSE: ) was in the spotlight following its 2024 third-quarter earnings announcement, with CEO Todd Nightingale and CFO Ron Keesling expressing their optimism about the company’s long-term growth strategy and product sales. Piper Sandler recently raised its target on FastLine stock to $10, citing improvements in its restructuring and platform integration. Additionally, Oppenheimer quickly upgraded it from Underperform to Outperform, setting a new price target of $12 based on potential earnings gains from loss-making former competitor Edgio.

Rapid revenue growth was impressive, up nearly 11% over the past twelve months, to $541 million. This growth was supported by strategic changes and operational improvements, including the introduction of new sales leadership. Despite the slowdown in growth and previously unfulfilled expectations, analysts maintained a neutral stance on Fastly stock, admitting that it could be reversed by recent developments.

Additionally, Fastly is expected to see strong demand for its edge computing and security products, driven by emerging artificial intelligence applications. The company’s offerings in these areas are predicted to contribute to market growth and performance. Analysts at InvestingPro suggest that the stock is currently undervalued, with healthy financial indicators including a current ratio of 3.97 and moderate debt levels. These are the latest highlights of the company’s journey.

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