Fastly (NASDAQ:FSLY) Shares Climb 4.9% – Here’s What Happened

Shares of Fastly, Inc. (NASDAQ:FSLY) rose 4.9% during trading on Tuesday. The company traded as high as $28.28 and last traded at $27.7180. 937,542 shares were traded during trading, a decline of 90% from the average daily volume of 9,132,779 shares. The stock had previously closed at $26.43.

Analyst Ratings Changes

Several research firms recently commented on FSLY. Raymond James Financial reaffirmed an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. Evercore reiterated an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Friday. Finally, Canaccord Genuity Group initiated coverage on Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.42.

Fastly Stock Performance

The stock has a market capitalization of $4.27 billion, a PE ratio of -50.64 and a beta of 0.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The business’s fifty day moving average price is $24.88 and its 200-day moving average price is $22.73.

Fastly (NASDAQ:FSLY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $183.32 million during the quarter, compared to analyst estimates of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. 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, equities research analysts expect that Fastly, Inc. will post -0.29 EPS for the current year.

Insiders Place Their Bets

In other news, insider Scott R. Lovett sold 41,815 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $24.64, for a total transaction of $1,030,321.60. Following the completion of the transaction, the insider directly owned 1,281,583 shares in the company, valued at $31,578,205.12. The trade was a 3.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 3,961 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $25.26, for a total transaction of $100,054.86. Following the completion of the transaction, the chief technology officer directly owned 1,101,319 shares in the company, valued at approximately $27,819,317.94. The trade was a 0.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,243,371 shares of company stock worth $33,335,165 in the last three months. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fastly

Large investors have recently added to or reduced their stakes in the business. Perpetual Ltd purchased a new stake in shares of Fastly during the 3rd quarter valued at $240,000. GK Wealth Management LLC bought a new stake in shares of Fastly during the 3rd quarter worth $70,000. GAMMA Investing LLC grew its position in Fastly by 38.4% in the third quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $39,000 after acquiring an additional 419 shares in the last quarter. CoreCap Advisors LLC purchased a new position in Fastly in the third quarter worth $108,000. Finally, Cim Investment Management Inc. grew its position in Fastly by 7.4% in the second quarter. Cim Investment Management Inc. now owns 10,816 shares of the company’s stock worth $199,000 after acquiring an additional 747 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.