Key Points
- Insider sale: Fastly insider Scott Lovett sold 34,953 shares on March 17 at an average price of $22.28 for proceeds of $778,752.84, trimming his holding by 2.21% to 1,545,560 shares.
- Valuation gap: The stock opened at $26.45 (near its 12‑month high of $27.59) while the consensus analyst target is only $13.14, suggesting current market pricing is well above average analyst expectations.
- Mixed analyst and institutional backdrop: Analyst coverage is mostly neutral (3 Buys, 6 Holds, 1 Sell → consensus "Hold"), and institutions own 79.71% of shares with major investors like Vanguard, Morgan Stanley and Alyeska significantly increasing stakes.
Fastly, Inc. (NYSE:FSLY - Get Free Report) insider Scott Lovett sold 34,953 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $22.28, for a total value of $778,752.84. Following the sale, the insider owned 1,545,560 shares of the company's stock, valued at approximately $34,435,076.80. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Fastly Stock Down 1.6%
FSLY opened at $26.45 on Friday. The firm has a market cap of $4.02 billion, a P/E ratio of -27.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The business has a 50 day moving average price of $15.11 and a 200 day moving average price of $11.44. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $27.59.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. William Blair raised shares of Fastly from a "market perform" rating to an "outperform" rating in a report on Thursday, February 12th. DA Davidson set a $13.00 target price on shares of Fastly in a report on Thursday, February 12th. Citigroup boosted their target price on shares of Fastly from $10.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, February 13th. Piper Sandler restated a "neutral" rating and set a $14.00 price target (up from $11.00) on shares of Fastly in a report on Thursday, February 12th. Finally, KeyCorp raised Fastly from a "sector weight" rating to an "overweight" rating and set a $14.00 price target on the stock in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $13.14.
View Our Latest Research Report on FSLY
Institutional Investors Weigh In On Fastly
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position 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. Legal & General Group Plc boosted its holdings in Fastly by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 8,943,224 shares of the company's stock valued at $63,139,000 after purchasing an additional 291,617 shares during the period. Morgan Stanley grew its position in Fastly by 14.7% in the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock worth $84,893,000 after purchasing an additional 1,071,222 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Fastly in the 3rd quarter worth $61,864,000. Finally, Alyeska Investment Group L.P. increased its holdings 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 worth $48,754,000 after purchasing an additional 4,623,767 shares during the period. Institutional investors and hedge funds own 79.71% of the company's stock.
Fastly Company Profile
(
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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