Key Points
- Fastly director Richard Devon Daniels sold 11,080 shares for approximately $253,732 at an average price of $22.90, reducing his position by 17.79%.
- Fastly reported a second-quarter earnings beat, with EPS of $0.15 versus the $0.07 consensus estimate and revenue of $183.32 million versus expectations of $173.94 million.
- Institutional ownership remains high at 79.71%, while analysts maintain a consensus “Hold” rating and an average price target of $25.33.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) Director Richard Devon Daniels sold 11,080 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $22.90, for a total transaction of $253,732.00. Following the completion of the transaction, the director owned 51,197 shares of the company's stock, valued at approximately $1,172,411.30. This trade represents a 17.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Fastly Trading Up 3.7%
FSLY stock opened at $28.78 on Wednesday. Fastly, Inc. has a 52-week low of $6.70 and a 52-week high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.58 billion, a P/E ratio of -54.30 and a beta of 0.34. The company's 50-day simple moving average is $19.97 and its 200-day simple moving average is $20.36.
Fastly (NASDAQ:FSLY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 6.31% and a negative net margin of 11.80%.Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, equities analysts forecast that Fastly, Inc. will post -0.45 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Fastly by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock worth $172,825,000 after buying an additional 310,234 shares in the last quarter. Morgan Stanley lifted its stake in shares of Fastly by 14.7% in the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock worth $84,893,000 after buying an additional 1,071,222 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Fastly by 100.5% in the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock worth $204,349,000 after buying an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Fastly by 2,795.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock worth $48,754,000 after acquiring an additional 4,623,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Fastly by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock worth $35,380,000 after acquiring an additional 117,213 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company's stock.
Analyst Upgrades and Downgrades
FSLY has been the subject of a number of research analyst reports. Freedom Capital upgraded shares of Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. Raymond James Financial reissued an "outperform" rating and set a $29.00 target price on shares of Fastly in a research note on Thursday, August 6th. Canaccord Genuity Group started coverage on shares of Fastly in a research report on Friday, July 17th. They set a "buy" rating and a $27.00 price target for the company. Citigroup raised their price target on shares of Fastly from $13.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their price objective on Fastly from $22.00 to $28.00 and gave the stock a "sector perform" rating in a report on Thursday, August 6th. One 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $25.33.
Get Our Latest Research Report on Fastly
Key Stories Impacting Fastly
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: Q2 earnings beat expectations. Fastly reported adjusted EPS of $0.15 versus consensus of $0.07, while revenue reached $183.32 million compared with estimates of $173.94 million. Revenue increased 23.3% year over year, supported by growth in networking, security and other services. Fastly earnings report
- Positive Sentiment: Margin and cash-flow expectations improved. CFO Rich Wong said Fastly’s software-centric platform relies primarily on CPUs rather than GPUs, potentially allowing the company to maintain strong gross margins and direct capital spending toward expansion instead of expensive infrastructure upgrades. Management’s outlook includes approximately $187 million of third-quarter revenue at the midpoint and improved full-year profitability guidance. Fastly gross margin commentary
- Positive Sentiment: Analyst and institutional sentiment is supportive. Several analysts raised price targets following the earnings release, while institutional investors have continued accumulating shares. Bullish technical momentum and strong remaining performance obligations are reinforcing expectations for further growth and a possible retest of the year’s highs. Fastly Q2 rally analysis
- Neutral Sentiment: Short-interest data provides no meaningful signal. Reported short interest was zero shares as of August 11, unchanged from the prior report, with a zero-day days-to-cover ratio. The figures appear potentially incomplete or unreliable, limiting their usefulness for evaluating trading pressure.
- Negative Sentiment: An insider sold shares. Director Richard Devon Daniels sold 11,080 shares for approximately $253,732, reducing his direct ownership by 17.79%. One insider sale does not establish a broader trend, but it may temper sentiment slightly after the sharp rally. SEC insider transaction filing
- Negative Sentiment: Valuation and execution risks are elevated. After rising roughly 174% this year, Fastly trades at a demanding multiple of projected earnings. Any slowdown in growth, weaker guidance or failure to deliver on the expected AI and margin opportunity could trigger a sharp pullback.
About Fastly
(
Get Free Report)
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.
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