Fastly, Inc. $FSLY Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its holdings in Fastly, Inc. (NYSE:FSLY) by 61.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,311 shares of the company’s stock after purchasing an additional 41,684 shares during the period. Sei Investments Co. owned about 0.07% of Fastly worth $3,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Convergence Investment Partners LLC purchased a new stake in shares of Fastly in the first quarter worth approximately $1,951,000. Range Financial Group LLC acquired a new position in shares of Fastly during the 1st quarter worth $1,667,000. Vanguard Group Inc. raised its holdings in Fastly by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock valued at $172,825,000 after buying an additional 310,234 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after acquiring an additional 3,524,763 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Fastly by 90.7% in the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after purchasing an additional 326,087 shares during the period. 79.71% of the stock is currently owned by institutional investors.

Insider Activity at Fastly

In other Fastly news, insider Scott R. Lovett sold 41,716 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total value of $741,293.32. Following the completion of the transaction, the insider owned 1,392,778 shares of the company’s stock, valued at $24,749,665.06. This represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Wong sold 2,500 shares of Fastly stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $16.48, for a total value of $41,200.00. Following the sale, the chief financial officer directly owned 1,239,301 shares in the company, valued at $20,423,680.48. The trade was a 0.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 289,397 shares of company stock worth $5,133,480 in the last three months. Corporate insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FSLY shares. Canaccord Genuity Group started coverage on shares of Fastly in a report on Friday, July 17th. They set a “buy” rating and a $27.00 price objective for the company. Craig Hallum downgraded shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Tuesday, April 14th. Raymond James Financial reissued an “outperform” rating and set a $29.00 target price on shares of Fastly in a research report on Thursday. Piper Sandler raised their price target on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Royal Bank Of Canada lifted their price objective on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.33.

Fastly Stock Performance

NYSE FSLY opened at $22.96 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -23.92 and a beta of 0.34. The company’s fifty day moving average is $19.64 and its two-hundred day moving average is $20.01. Fastly, Inc. has a 52-week low of $6.70 and a 52-week high of $34.82.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record second-quarter revenue of $183.3 million, up 23% year over year. Non-GAAP earnings of $0.15 per share more than doubled the $0.07 consensus estimate, while security revenue surged 43% on demand related to AI traffic protection. Gross margin also reached a record 65.8%. Fastly Q2 Earnings Beat as Security Growth Spurs 2026 Outlook Hike
• Positive Sentiment: The edge-cloud company raised its 2026 outlook, including adjusted earnings guidance of $0.50 to $0.54 per share. Third-quarter revenue guidance of $184 million to $190 million and adjusted EPS guidance of $0.11 to $0.13 also exceeded expectations, supporting the view that Fastly’s improved profitability and security growth are continuing. Fastly Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts responded by raising price targets: KeyBanc lifted its target from $27 to $30 while maintaining an overweight rating, and RBC increased its target from $22 to $28 with a sector-perform rating. The revisions reinforce expectations for further execution in security and AI-related traffic services.
• Neutral Sentiment: Fastly’s results highlighted strong security and AI-driven demand, but customer concentration remains a risk. A small number of large customers could make revenue growth more volatile if spending patterns change.
• Negative Sentiment: Despite the earnings beat and higher outlook, the stock initially declined after the report, suggesting investors may have expected an even stronger result. Following a substantial prior-year rally, valuation appears demanding and leaves less room for execution or guidance disappointments. Fastly Stock Looks Overvalued Despite a Strong Return
• Negative Sentiment: CEO Charles Lacey Compton III sold 14,868 shares for approximately $371,700, reducing his direct ownership by 1.42%. The sale was made under a pre-arranged Rule 10b5-1 plan, which limits its significance, but it may still create modest short-term selling pressure. Fastly CEO Insider Sale

About Fastly

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.