Richard Devon Daniels Sells 11,080 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) Director Richard Devon Daniels sold 11,080 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $22.90, for a total value of $253,732.00. Following the completion of the transaction, the director directly owned 51,197 shares of the company’s stock, valued at $1,172,411.30. This trade represents a 17.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Fastly Stock Down 0.9%

FSLY stock opened at $28.53 on Thursday. The stock has a market cap of $4.54 billion, a P/E ratio of -53.83 and a beta of 0.34. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a twelve month low of $6.84 and a twelve month high of $34.82. The company’s 50 day moving average is $20.12 and its two-hundred day moving average is $20.50.

Fastly (NASDAQ:FSLY) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The firm had revenue of $183.32 million for the quarter, compared to the consensus estimate of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Research analysts expect that Fastly, Inc. will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSLY. PNC Financial Services Group Inc. lifted its holdings in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after buying an additional 633 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Fastly during the fourth quarter worth $41,000. Align Financial LLC acquired a new position in Fastly during the fourth quarter worth $41,000. Sound Income Strategies LLC purchased a new position in Fastly in the first quarter worth $44,000. Finally, Quarry LP purchased a new position in Fastly in the third quarter worth $49,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and set a $29.00 target price on shares of Fastly in a research note on Thursday, August 6th. Citigroup boosted their price target on Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Freedom Capital raised Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, KeyCorp increased their price objective on Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Fastly currently has an average rating of “Hold” and an average target price of $25.33.

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.