Key Points
- Fastly insider Jeffrey Ford sold 37,091 shares at an average price of $23.84, generating approximately $884,249. The transaction reduced his direct holdings by 11.15% to 295,693 shares.
- Fastly shares opened at $23.86 and were trading down 2.9%, while the company’s latest quarterly results exceeded expectations with adjusted EPS of $0.15 and revenue of $183.32 million.
- Analysts maintain a consensus “Hold” rating with an average price target of $25.33; institutional investors and hedge funds own approximately 79.71% of Fastly’s stock.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) insider Scott Lovett sold 34,820 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $23.85, for a total transaction of $830,457.00. Following the completion of the transaction, the insider owned 1,323,398 shares of the company's stock, valued at approximately $31,563,042.30. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fastly Stock Performance
FSLY stock opened at $23.86 on Friday. The stock's 50 day simple moving average is $23.10 and its 200 day simple moving average is $22.44. 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 12-month low of $7.74 and a 12-month high of $34.82. The stock has a market capitalization of $3.80 billion, a PE ratio of -45.02 and a beta of 0.36.
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 analysts' consensus estimates 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 business had revenue of $183.32 million during the quarter, compared to analyst estimates 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. As a group, research analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. KeyCorp reiterated an "overweight" rating and set a $30.00 price objective on shares of Fastly in a research report on Friday. Canaccord Genuity Group assumed coverage on Fastly in a research report on Friday, July 17th. They issued a "buy" rating and a $27.00 target price on the stock. Evercore restated an "outperform" rating on shares of Fastly in a research note on Thursday, August 6th. Piper Sandler upped their price target on shares of Fastly from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Fastly in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $25.33.
Read Our Latest Report on Fastly
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its holdings in 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 buying an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Fastly by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company's stock worth $79,620,000 after buying an additional 11,022 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company's stock worth $36,888,000 after buying an additional 692,459 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Fastly by 90.7% during the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company's stock worth $19,918,000 after acquiring an additional 326,087 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Fastly during the second quarter worth $8,696,000. 79.71% of the stock is owned by hedge funds and other institutional investors.
More Fastly News
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: Fastly’s latest quarterly results exceeded expectations, with adjusted earnings of $0.15 per share versus the $0.07 consensus and revenue of $183.32 million versus estimates of $173.94 million. Management’s fiscal 2026 EPS guidance of $0.50–$0.54 also supports the turnaround narrative. Analysts’ average price target of $25.33 remains above the recent trading level, although the consensus rating is Hold. Fastly’s Q2 Rally Shows Investors Are Buying the Edge AI Turnaround
- Positive Sentiment: Institutional ownership remains high at approximately 79.7%, while several investment firms established or expanded positions during the second quarter. This may provide some support for the stock’s edge-cloud and artificial-intelligence growth story.
- Neutral Sentiment: Fastly’s CTO Artur Bergman sold 2,500 shares for about $62,850 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and represented only 0.16% of his holdings, its immediate signal may be limited. Fastly CTO Artur Bergman Sells 2,500 Shares
- Negative Sentiment: Multiple insiders sold significant amounts of stock: Scott Lovett sold 34,820 shares for approximately $830,000, while Jeffrey Ford sold 37,091 shares for about $884,000. The transactions reduced their holdings by 2.56% and 11.15%, respectively, adding selling pressure and potentially weakening investor confidence. Fastly Insider Sale Filing
- Negative Sentiment: Recent reports also highlight repeated insider sales by CTO Artur Bergman, including a combined 31,079-share sale on September 14 and additional transactions in recent weeks. Although some sales used 10b5-1 plans, the frequency and size of the transactions may pressure FSLY. Artur Bergman Sells Fastly Shares
- Negative Sentiment: Concerns about substantial stock-based compensation and continued GAAP losses remain an overhang. Investors may question the quality of Fastly’s adjusted profitability and the potential dilution to shareholders. Fastly: SBC Running Rampant As GAAP Profitability Remains Under Water
Fastly Company Profile
(
Get Free Report)
Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.
Fastly's product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.
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