Fastly (NYSE:FSLY) Trading 6.4% Higher – Here’s Why

Fastly, Inc. (NYSE:FSLY) shares traded up 6.4% on Monday . The stock traded as high as $9.77 and last traded at $9.8880. 533,906 shares changed hands during trading, a decline of 82% from the average session volume of 2,949,812 shares. The stock had previously closed at $9.29.

Analyst Upgrades and Downgrades

FSLY has been the topic of a number of analyst reports. KeyCorp upgraded shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Piper Sandler lifted their price objective on Fastly from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Finally, Oppenheimer assumed coverage on Fastly in a research note on Monday, November 17th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.64.

Fastly Price Performance

The stock has a market cap of $1.48 billion, a PE ratio of -10.33 and a beta of 0.98. The business has a fifty day simple moving average of $10.33 and a two-hundred day simple moving average of $8.88. 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 (NYSE:FSLY) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $158.22 million for the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Research analysts forecast that Fastly, Inc. will post -0.78 earnings per share for the current year.

Insider Transactions at Fastly

In related news, CEO Charles Lacey Compton III sold 4,638 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $8.81, for a total transaction of $40,860.78. Following the sale, the chief executive officer owned 612,232 shares of the company’s stock, valued at $5,393,763.92. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott R. Lovett sold 42,118 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total transaction of $425,391.80. Following the completion of the sale, the insider owned 1,002,137 shares in the company, valued at approximately $10,121,583.70. This trade represents a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 949,248 shares of company stock valued at $9,957,349 in the last three months. 6.70% of the stock is currently owned by company insiders.

Institutional Trading of Fastly

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

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.