Picton Mahoney Asset Management Acquires New Holdings in Fastly, Inc. $FSLY

Picton Mahoney Asset Management bought a new position in shares of Fastly, Inc. (NYSE:FSLY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 91,273 shares of the company’s stock, valued at approximately $781,000. Picton Mahoney Asset Management owned approximately 0.06% of Fastly as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FSLY. Amundi boosted its holdings in shares of Fastly by 11.3% in the first quarter. Amundi now owns 46,624 shares of the company’s stock valued at $277,000 after buying an additional 4,724 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Fastly during the first quarter worth $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fastly by 1.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after acquiring an additional 6,247 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Fastly by 963.6% in the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after acquiring an additional 55,118 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Fastly by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after purchasing an additional 165,937 shares during the period. Institutional investors own 79.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on FSLY shares. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price for the company in a report on Monday, December 15th. Royal Bank Of Canada boosted their price target on Fastly from $12.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Citigroup increased their price objective on Fastly from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. DA Davidson set a $13.00 target price on Fastly in a research report on Thursday, February 12th. Finally, William Blair upgraded Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fastly currently has an average rating of “Hold” and a consensus target price of $13.14.

Fastly Stock Down 1.5%

Shares of FSLY stock opened at $20.14 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $21.75. The firm’s fifty day moving average price is $12.58 and its two-hundred day moving average price is $10.42. The firm has a market capitalization of $3.06 billion, a P/E ratio of -20.98 and a beta of 0.88.

Insider Activity

In other news, CEO Charles Lacey Compton III sold 73,206 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $20.94, for a total value of $1,532,933.64. Following the completion of the transaction, the chief executive officer owned 875,831 shares in the company, valued at $18,339,901.14. This trade represents a 7.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott R. Lovett sold 73,715 shares of Fastly stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $21.06, for a total value of $1,552,437.90. Following the completion of the sale, the insider directly owned 1,580,513 shares in the company, valued at approximately $33,285,603.78. This represents a 4.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,090,695 shares of company stock worth $16,399,868 in the last quarter. Corporate insiders own 6.70% of the company’s stock.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: One-week momentum: Zacks notes FSLY rose ~5.75% over the past week, which can attract momentum or short-term traders and support near-term liquidity and sentiment. Fastly (FSLY) Is Up 5.75% in One Week: What You Should Know
• Positive Sentiment: Analyst/institutional color: Recent analyst moves (RBC raised its price objective, KeyCorp and William Blair issued more positive notes) and some small institutional buys have helped underpin the recovery narrative versus the prior year’s lows. That analyst chatter can provide support if earnings/guide match expectations. MarketBeat FSLY Coverage
• Neutral Sentiment: Industry backdrop: A Manila Standard piece highlights an “AI speed tax” — higher compute/network costs for AI workloads. For Fastly (edge cloud/CDN), higher demand from AI could be revenue-positive but may also raise operating/capex pressure; net impact is uncertain and depends on how Fastly prices/monetizes edge AI services. AI businesses paying an ‘AI Speed Tax’
• Negative Sentiment: Significant insider selling: Multiple insiders sold substantial blocks on March 4 (CEO Charles Lacey Compton III sold ~73k shares; CTO Artur Bergman sold ~24.5k shares, plus a series of prior sales). Large, clustered insider sales can sap investor confidence and add selling pressure even if some sales are for diversification or taxes. Insider Selling: Fastly (NYSE:FSLY) CTO Sells 24,532 Shares of Stock SEC Form 4 — CEO Sale

Fastly Company Profile

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.