Fastly (NYSE:FSLY) Insider Scott Lovett Sells 9,779 Shares

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 9,779 shares of Fastly stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $10.23, for a total transaction of $100,039.17. Following the transaction, the insider directly owned 1,078,772 shares in the company, valued at $11,035,837.56. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Fastly Trading Down 0.8%

Shares of NYSE FSLY traded down $0.08 during midday trading on Friday, reaching $10.46. 877,449 shares of the stock were exchanged, compared to its average volume of 3,105,426. The stock has a market capitalization of $1.56 billion, a P/E ratio of -11.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The company has a 50 day simple moving average of $9.00 and a 200 day simple moving average of $7.83. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $12.54.

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

Institutional Investors Weigh In On Fastly

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of Fastly during the third quarter worth approximately $202,000. CANADA LIFE ASSURANCE Co boosted its stake in Fastly by 3.7% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 1,928,436 shares of the company’s stock worth $16,719,000 after purchasing an additional 69,290 shares during the period. PharVision Advisers LLC purchased a new position in Fastly during the 3rd quarter worth $289,000. Alyeska Investment Group L.P. acquired a new position in Fastly in the third quarter valued at $1,414,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Fastly in the third quarter valued at about $130,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FSLY shares. Craig Hallum upgraded Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Thursday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Citigroup lifted their price target on shares of Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Oppenheimer started coverage on shares of Fastly in a report on Monday. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada increased their target price on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.36.

Fastly Company 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.