Mirae Asset Global Investments Co. Ltd. Buys New Stake in Fastly, Inc. $FSLY

Mirae Asset Global Investments Co. Ltd. acquired a new position in Fastly, Inc. (NASDAQ:FSLY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,732 shares of the company’s stock, valued at approximately $2,149,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Trust Advisors LP raised its position in shares of Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after acquiring an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Fastly by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock valued at $79,620,000 after buying an additional 11,022 shares in the last quarter. Bank of America Corp DE raised its position in shares of Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares during the last quarter. Wellington Management Group LLP purchased a new position in Fastly in the second quarter worth about $8,696,000. Finally, Swiss National Bank lifted its stake in shares of Fastly by 1.8% in the first quarter. Swiss National Bank now owns 280,900 shares of the company’s stock worth $8,163,000 after buying an additional 4,900 shares in the last quarter. 79.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FSLY has been the subject of a number of research analyst reports. Evercore reiterated an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Piper Sandler restated a “neutral” rating and set a $24.00 price objective (down from $28.00) on shares of Fastly in a research report on Thursday. Freedom Broker upped their price objective on Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. KeyCorp reissued an “overweight” rating and set a $30.00 target price on shares of Fastly in a research note on Friday, September 18th. Finally, DA Davidson upped their price target on Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.17.

Key Headlines Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record Q3 revenue of $190.2 million, up about 20% year over year, and adjusted EPS of $0.17, topping estimates. It raised its 2026 outlook, with management citing security growth, wider adoption of multiple products, AI-related demand and a large customer commitment as drivers. Earnings Beat Might Change The Case For Investing in Fastly
• Positive Sentiment: Management projected Q4 revenue of $198 million to $202 million and full-year free cash flow of $50 million to $60 million, adding to the evidence of improving execution and profitability. Fastly anticipates 2026 revenue and free cash flow outlook
• Neutral Sentiment: Despite the results, Fastly shares faced a sharp post-earnings selloff, with coverage pointing to expected growth deceleration and concerns about performance across business segments. That helps explain why investors have not fully rewarded the earnings beat. Fastly plunges on Q3 results as analyst highlights segment deceleration
• Negative Sentiment: Several firms lowered their price targets while keeping neutral or equivalent ratings: Citigroup cut its target to $25 from $27, Piper Sandler to $24 from $28, and RBC to $19 from $25. The cuts signal more cautious expectations, even though the targets remain above the referenced share price. Citigroup recommendations Piper Sandler recommendations RBC cuts Fastly price target
• Negative Sentiment: Fastly also announced that Go-to-Market President Scott Lovett plans to retire in 2027 and that it will search for a Chief Revenue Officer, creating a leadership transition investors will monitor. Fastly announces go-to-market leadership transition

Insider Buying and Selling

In other news, insider Jeffrey Ford sold 45,832 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $24.65, for a total value of $1,129,758.80. Following the completion of the sale, the insider directly owned 249,861 shares of the company’s stock, valued at $6,159,073.65. This trade represents a 15.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 379,602 shares of Fastly stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $30.16, for a total value of $11,448,796.32. Following the completion of the transaction, the chief technology officer owned 1,138,358 shares of the company’s stock, valued at approximately $34,332,877.28. This trade represents a 25.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,323,893 shares of company stock valued at $35,452,889 in the last quarter. 4.20% of the stock is currently owned by insiders.

Fastly Stock Performance

NASDAQ:FSLY opened at $15.85 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a 1 year low of $7.87 and a 1 year high of $34.82. The stock’s 50 day simple moving average is $23.97 and its two-hundred day simple moving average is $21.52. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -39.62 and a beta of 0.22.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $190.19 million during the quarter, compared to analysts’ expectations of $187.82 million. Fastly had a negative net margin of 8.74% and a negative return on equity of 4.57%. As a group, equities analysts anticipate that Fastly, Inc. will post -0.27 earnings per share for the current fiscal year.

Fastly Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.