Fastly (NASDAQ:FSLY) Insider Scott Lovett Sells 41,815 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) insider Scott Lovett sold 41,815 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $24.64, for a total value of $1,030,321.60. Following the completion of the transaction, the insider owned 1,281,583 shares in the company, valued at approximately $31,578,205.12. The trade was a 3.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fastly Stock Up 14.9%

Fastly stock traded up $3.56 during mid-day trading on Monday, reaching $27.42. The stock had a trading volume of 9,780,145 shares, compared to its average volume of 9,215,616. The firm has a market capitalization of $4.37 billion, a PE ratio of -51.74 and a beta of 0.36. Fastly, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $34.82. The stock’s 50-day simple moving average is $23.10 and its 200-day simple moving average is $22.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The business had revenue of $183.32 million for the quarter, compared to analysts’ expectations of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, sell-side analysts forecast that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Fastly

Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Fastly by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock worth $79,620,000 after purchasing an additional 11,022 shares during the period. Bank of America Corp DE lifted its stake in Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after purchasing an additional 692,459 shares during the last quarter. SG Americas Securities LLC lifted its stake in Fastly by 90.7% in the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after purchasing an additional 326,087 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Fastly during the second quarter valued at $8,696,000. Institutional investors own 79.71% of the company’s stock.

Analyst Upgrades and Downgrades

FSLY has been the subject of several recent analyst reports. Royal Bank Of Canada upped their target price on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. KeyCorp reaffirmed an “overweight” rating and issued a $30.00 price objective on shares of Fastly in a research report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Finally, Piper Sandler lifted their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.33.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.