Key Points
- Fastly CFO Richard Wong sold 47,676 shares at an average price of $24.09, worth approximately $1.15 million, reducing his ownership by 4.37%. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Fastly reported quarterly revenue of $183.32 million and adjusted earnings of $0.15 per share, beating analyst estimates of $173.94 million and $0.07, respectively.
- Analyst sentiment is mixed, with the stock carrying an average “Hold” rating and an average price target of $25.33; institutional investors own 79.71% of Fastly’s shares.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CFO Richard Wong sold 47,676 shares of Fastly stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $24.09, for a total value of $1,148,514.84. Following the completion of the transaction, the chief financial officer owned 1,043,610 shares in the company, valued at $25,140,564.90. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Richard Wong also recently made the following trade(s):
- On Tuesday, August 18th, Richard Wong sold 148,015 shares of Fastly stock. The shares were sold at an average price of $28.61, for a total value of $4,234,709.15.
Fastly Price Performance
Shares of NASDAQ:FSLY opened at $23.00 on Wednesday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of -43.40 and a beta of 0.34. The business has a 50 day moving average price of $21.42 and a 200 day moving average price of $21.54. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a twelve month low of $7.05 and a twelve month high of $34.82.
Fastly (NASDAQ:FSLY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The company 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 predict that Fastly, Inc. will post -0.29 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages recently issued reports on FSLY. Citigroup boosted their target price on shares of Fastly from $13.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Evercore reissued an "outperform" rating on shares of Fastly in a report on Thursday, August 6th. Raymond James Financial restated an "outperform" rating and issued a $29.00 price target on shares of Fastly in a research report on Thursday, August 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. Finally, Freedom Capital raised shares of Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.33.
Read Our Latest Stock Analysis on FSLY
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted 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 worth $40,000 after acquiring an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Fastly during the 4th quarter valued at $41,000. Align Financial LLC acquired a new stake in Fastly during the 4th quarter valued at $41,000. Sound Income Strategies LLC bought a new position in Fastly in the 1st quarter valued at $44,000. Finally, Quarry LP bought a new position in Fastly in the 3rd quarter valued at $49,000. Institutional investors own 79.71% of the company's stock.
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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