Campbell & CO Investment Adviser LLC Makes New Investment in Fastly, Inc. $FSLY

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Fastly, Inc. (NYSE:FSLY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 163,212 shares of the company’s stock, valued at approximately $1,152,000. Campbell & CO Investment Adviser LLC owned approximately 0.11% of Fastly at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Fastly by 288.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,137 shares of the company’s stock valued at $3,503,000 after purchasing an additional 368,490 shares during the period. Los Angeles Capital Management LLC bought a new position in Fastly in the 2nd quarter worth $171,000. Fox Run Management L.L.C. purchased a new stake in Fastly in the 2nd quarter worth $192,000. Savant Capital LLC bought a new stake in Fastly during the second quarter valued at about $104,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in shares of Fastly in the second quarter valued at about $741,000. 79.71% of the stock is currently owned by institutional investors.

Fastly Trading Down 0.9%

Shares of FSLY opened at $11.88 on Thursday. The stock has a market capitalization of $1.77 billion, a PE ratio of -12.37 and a beta of 1.21. The company’s fifty day moving average is $8.60 and its 200 day moving average is $7.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 1.46. Fastly, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $12.54.

Fastly (NYSE:FSLY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. Fastly’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. Sell-side analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

FSLY has been the subject of several research analyst reports. Citigroup increased their target price on Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, August 7th. Finally, Piper Sandler boosted their price target on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.36.

Insider Activity at Fastly

In other news, CTO Artur Bergman sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $11.92, for a total transaction of $476,800.00. Following the transaction, the chief technology officer owned 3,081,276 shares of the company’s stock, valued at approximately $36,728,809.92. The trade was a 1.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Lacey Compton III sold 11,378 shares of the stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $8.41, for a total value of $95,688.98. Following the sale, the chief executive officer owned 659,313 shares in the company, valued at $5,544,822.33. The trade was a 1.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 857,933 shares of company stock worth $7,647,559 over the last three months. 6.70% of the stock is currently owned by insiders.

Fastly Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.