Fastly (NASDAQ:FSLY) Insider Sells $451,352.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) insider Scott Lovett sold 19,624 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $23.00, for a total transaction of $451,352.00. Following the sale, the insider directly owned 1,358,218 shares of the company’s stock, valued at approximately $31,239,014. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fastly Price Performance

FSLY stock opened at $20.59 on Friday. The company has a market capitalization of $3.28 billion, a P/E ratio of -38.85 and a beta of 0.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly, Inc. has a 52-week low of $7.28 and a 52-week high of $34.82. The business has a 50-day simple moving average of $22.22 and a two-hundred day simple moving average of $22.08.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The firm had revenue of $183.32 million during the quarter, compared to the consensus estimate of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Research analysts expect that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Trading of Fastly

Several hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in shares of Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Fastly in the first quarter valued at approximately $44,000. EverSource Wealth Advisors LLC grew its holdings in Fastly by 39.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after purchasing an additional 627 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Fastly during the second quarter valued at $72,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Fastly in the fourth quarter worth $41,000. Institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FSLY. KeyCorp upped their target price on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Canaccord Genuity Group initiated coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Royal Bank Of Canada increased their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.33.

Fastly Company Profile

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.