Key Points
- Insider Scott Lovett sold 34,517 shares on Dec. 16 at an average price of $10.15 for total proceeds of $350,347.55, cutting his stake by 3.20% to 1,044,255 shares (≈$10.6M).
- Fastly beat Q3 estimates with EPS $0.07 (vs. $0.01 est.) and revenue $158.22M (vs. $151.04M), but remains unprofitable with a negative net margin of 23.49% and negative ROE; Q4 and FY2025 EPS guidance is 0.040–0.080 and 0.030–0.070, respectively.
- Shares trade near $10.25 with a market cap of about $1.53 billion; analysts' consensus is a "Hold" with an average target of $10.64, and institutions own roughly 79.7% of the stock.
Fastly, Inc. (NYSE:FSLY - Get Free Report) insider Scott Lovett sold 34,517 shares of the firm's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $10.15, for a total transaction of $350,347.55. Following the completion of the transaction, the insider directly owned 1,044,255 shares in the company, valued at approximately $10,599,188.25. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Fastly Stock Up 2.4%
NYSE FSLY opened at $10.25 on Friday. The business has a fifty day moving average price of $9.99 and a two-hundred day moving average price of $8.34. The stock has a market capitalization of $1.53 billion, a PE ratio of -10.68 and a beta of 0.97. Fastly, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $12.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46.
Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.06. The company had revenue of $158.22 million for the quarter, compared to the consensus estimate of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Equities analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Oppenheimer assumed coverage on Fastly in a report on Monday, November 17th. They issued a "market perform" rating for the company. Royal Bank Of Canada lifted their target price on shares of Fastly from $7.00 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 6th. DA Davidson raised their price target on shares of Fastly from $9.50 to $11.50 and gave the company a "neutral" rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Fastly in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Fastly from a "hold" rating to a "buy" rating in a report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.64.
Get Our Latest Stock Analysis on Fastly
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Banque Transatlantique SA bought a new stake in shares of Fastly in the 1st quarter valued at $38,000. Byrne Asset Management LLC bought a new stake in Fastly during the third quarter valued at $43,000. Quarry LP acquired a new stake in Fastly during the 3rd quarter worth about $49,000. Geneos Wealth Management Inc. acquired a new stake in Fastly during the 1st quarter worth about $52,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Fastly in the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 79.71% of the company's stock.
About Fastly
(
Get Free Report)
Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.
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