Piper Sandler Reaffirms Neutral Rating for Fastly (NASDAQ:FSLY)

Fastly (NASDAQ:FSLY)‘s stock had its “neutral” rating reissued by equities researchers at Piper Sandler in a research report issued on Thursday, Benzinga reports. They presently have a $24.00 price target on the stock, down from their previous price target of $28.00. Piper Sandler‘s price objective suggests a potential upside of 52.00% from the stock’s previous close.

A number of other analysts have also recently weighed in on FSLY. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. KeyCorp reissued an “overweight” rating and set a $30.00 target price on shares of Fastly in a research report on Friday, September 18th. Freedom Broker lifted their target price on Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Friday, October 9th. Finally, Bank of America increased their price target on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.67.

Fastly Trading Down 24.9%

Shares of FSLY stock traded down $5.24 during trading hours on Thursday, hitting $15.79. 8,283,916 shares of the company were exchanged, compared to its average volume of 8,868,038. The firm has a fifty day moving average of $24.30 and a 200 day moving average of $21.45. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly has a 1 year low of $7.87 and a 1 year high of $34.82. The firm has a market cap of $2.52 billion, a PE ratio of -30.02 and a beta of 0.22.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The firm had revenue of $190.19 million during the quarter, compared to analyst estimates of $187.82 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Analysts expect that Fastly will post -0.29 earnings per share for the current year.

Insider Activity at Fastly

In other Fastly news, CEO Charles Compton, III sold 8,941 shares of Fastly stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $24.98, for a total value of $223,346.18. Following the transaction, the chief executive officer owned 822,559 shares in the company, valued at approximately $20,547,523.82. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 37,039 shares of Fastly stock in a transaction on Monday, October 26th. The stock was sold at an average price of $25.48, for a total value of $943,753.72. Following the completion of the transaction, the chief technology officer owned 1,024,239 shares in the company, valued at $26,097,609.72. The trade was a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,334,973 shares of company stock valued at $35,706,621. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Fastly

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP raised its holdings 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. Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 11,022 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 purchasing an additional 692,459 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Fastly in the second quarter valued at approximately $8,696,000. Finally, Swiss National Bank raised its position in shares of Fastly by 1.8% in the first quarter. Swiss National Bank now owns 280,900 shares of the company’s stock valued at $8,163,000 after purchasing an additional 4,900 shares during the period. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly posted record Q3 revenue of $190.2 million, up 20.2% year over year, and non-GAAP earnings of $0.17 per share—above analyst estimates of $187.8 million in revenue and $0.12 per share. Fastly Q3 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Management raised its 2026 forecast, projecting revenue of $744 million–$748 million and free cash flow of $50 million–$60 million. Its Q4 revenue midpoint of $200 million also topped consensus expectations. Fastly 2026 revenue and free cash flow outlook
• Neutral Sentiment: Fastly cited security demand and customer expansion as growth drivers; its net revenue retention rate was 119%. Fastly Q3 2026 Earnings Call Highlights
• Negative Sentiment: Despite the earnings beat and higher annual guidance, shares fell after the results. Q4 growth is expected to decelerate, which may have tempered investor enthusiasm for the otherwise solid report. Fastly beats Q3 sales expectations but stock drops
• Negative Sentiment: President of Go To Market Scott Lovett plans to retire in 2027, and Fastly is beginning a search for a Chief Revenue Officer. The transition creates some uncertainty around sales leadership. Fastly announces go-to-market leadership transition

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.