Fastly (NASDAQ:FSLY) Insider Sells 45,832 Shares

Fastly, Inc. (NASDAQ:FSLY) insider Jeffrey Ford sold 45,832 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $24.65, for a total transaction of $1,129,758.80. Following the transaction, the insider directly owned 249,861 shares of the company’s stock, valued at approximately $6,159,073.65. This trade represents a 15.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeffrey Ford also recently made the following trade(s):

• On Wednesday, September 16th, Jeffrey Ford sold 37,091 shares of Fastly stock. The shares were sold at an average price of $23.84, for a total transaction of $884,249.44.

Fastly Stock Performance

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

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million during the quarter, compared to analyst estimates of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. 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, equities analysts forecast that Fastly, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

FSLY has been the topic of a number of research analyst reports. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Canaccord Genuity Group initiated coverage on Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 price target for the company. Royal Bank Of Canada lifted their price target on Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. KeyCorp reissued an “overweight” rating and issued a $30.00 price objective on shares of Fastly in a research note on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.33.

Hedge Funds Weigh In On Fastly

A number of hedge funds and other institutional investors have recently modified their holdings of FSLY. Bank of America Corp DE raised its holdings in Fastly by 120.0% during the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after buying an additional 692,459 shares during the period. Convergence Investment Partners LLC purchased a new stake in Fastly during the first quarter valued at about $1,951,000. Range Financial Group LLC acquired a new position in shares of Fastly in the first quarter worth about $1,667,000. Castleark Management LLC acquired a new position in shares of Fastly in the first quarter worth about $5,164,000. Finally, Wellington Management Group LLP purchased a new position in shares of Fastly in the second quarter worth approximately $8,696,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

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.