Police & Firemen s Retirement System of New Jersey Buys 4,612 Shares of Fastly, Inc. $FSLY

Police & Firemen s Retirement System of New Jersey grew its position in Fastly, Inc. (NYSE:FSLY) by 16.5% during the 2nd quarter, Holdings Channel reports. The firm owned 32,522 shares of the company’s stock after purchasing an additional 4,612 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Fastly were worth $230,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new position in Fastly in the first quarter valued at about $2,375,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Fastly by 288.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,137 shares of the company’s stock valued at $3,503,000 after acquiring an additional 368,490 shares during the last quarter. PDT Partners LLC boosted its holdings in shares of Fastly by 143.0% in the 1st quarter. PDT Partners LLC now owns 619,625 shares of the company’s stock worth $3,922,000 after acquiring an additional 364,682 shares in the last quarter. Vanguard Group Inc. grew its position in Fastly by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 15,590,433 shares of the company’s stock worth $98,687,000 after acquiring an additional 300,572 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Fastly by 6.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company’s stock valued at $22,681,000 after purchasing an additional 189,423 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Stock Performance

Shares of NYSE:FSLY opened at $11.85 on Friday. 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, Inc. has a 1-year low of $4.65 and a 1-year high of $12.54. The stock has a market capitalization of $1.77 billion, a P/E ratio of -12.34 and a beta of 1.21. The business has a 50-day moving average price of $9.32 and a two-hundred day moving average price of $8.01.

Fastly (NYSE:FSLY) last issued its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) 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 net margin of 23.49% and a negative return on equity of 12.02%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. Equities analysts predict that Fastly, Inc. will post -0.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Scott R. Lovett sold 9,779 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $10.23, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Lacey Compton III sold 18,455 shares of Fastly stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $10.23, for a total value of $188,794.65. Following the sale, the chief executive officer directly owned 640,858 shares of the company’s stock, valued at approximately $6,555,977.34. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 942,434 shares of company stock valued at $8,880,206. Company insiders own 6.70% of the company’s stock.

Wall Street Analyst Weigh In

FSLY has been the topic of a number of recent analyst reports. DA Davidson boosted their price objective on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Piper Sandler upped their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Fastly presently has a consensus rating of “Hold” and a consensus price target 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.