Key Points
- Fastly CEO Charles Lacey Compton III sold 15,028 shares at an average price of $23, generating $345,644. The sale was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 969,814 shares.
- Fastly recently exceeded quarterly expectations, reporting $183.3 million in revenue and adjusted EPS of $0.15 versus estimates of $173.9 million and $0.07, respectively. Despite the earnings beat, the company remains unprofitable, with analysts forecasting a full-year loss.
- Shares opened at $20.43, below the average analyst price target of $25.33; overall analyst sentiment is “Hold.” Institutional investors own approximately 79.71% of Fastly’s stock.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) Director Christopher Paisley sold 3,000 shares of Fastly stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $23.00, for a total transaction of $69,000.00. Following the completion of the sale, the director owned 280,485 shares in the company, valued at approximately $6,451,155. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fastly Trading Down 1.6%
Fastly stock opened at $20.43 on Thursday. 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 50-day moving average price of $22.05 and a two-hundred day moving average price of $22.07. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of -38.55 and a beta of 0.36. Fastly, Inc. has a 52-week low of $7.05 and a 52-week high of $34.82.
Fastly (NASDAQ:FSLY - Get Free Report) last posted its 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 net margin of 11.80% and a negative return on equity of 6.31%. The firm had revenue of $183.32 million during the quarter, compared to analysts' expectations 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. Sell-side analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.
Analyst Upgrades and Downgrades
FSLY has been the topic of several analyst reports. Piper Sandler raised their target price on Fastly from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on Fastly from $22.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 6th. Canaccord Genuity Group started coverage on shares of Fastly in a research report on Friday, July 17th. They issued a "buy" rating and a $27.00 target price for the company. Citigroup raised their price objective 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, Freedom Capital upgraded shares of Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $25.33.
Get Our Latest Analysis on Fastly
Trending Headlines about Fastly
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: Fastly’s record second-quarter performance is being viewed as evidence of a potential platform inflection. The company reported revenue of $183.3 million, above the $173.9 million consensus estimate, and adjusted EPS of $0.15 versus expectations of $0.07. The results support the investment case that Fastly’s edge cloud and AI-related offerings can accelerate growth. Fastly: Record Q2 Confirms The Platform Inflection
- Neutral Sentiment: A market article identified Fastly among stocks with short-squeeze potential. While elevated short interest could create upside if bullish momentum returns, the discussion is speculative and does not represent a new company-specific fundamental catalyst. 15 Stocks to Watch With Short Squeeze Potential
- Negative Sentiment: Schubert Jonckheer & Kolbe announced an investigation into potential claims that Fastly made false or misleading statements concerning growth and macroeconomic pressures. The announcement follows a reported 31% stock drop and adds legal and reputational risk, although the investigation does not establish wrongdoing. Fastly Investor Alert
- Negative Sentiment: Insiders sold approximately 99,456 shares for roughly $2.2 million, including two sales by CEO Charles Lacey Compton III, plus transactions by the CTO, a director and another insider. Most of the reported sales were executed under pre-arranged Rule 10b5-1 plans, which reduces their significance as a discretionary bearish signal, but the clustering of sales may still weigh on investor sentiment. Insiders continue to hold substantial positions.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 310,234 shares during the period. Morgan Stanley lifted its holdings in Fastly by 14.7% in the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock valued at $84,893,000 after acquiring an additional 1,071,222 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock valued at $204,349,000 after purchasing an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock valued at $48,754,000 after purchasing an additional 4,623,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Fastly by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock worth $35,380,000 after purchasing an additional 117,213 shares during the last quarter. 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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