Fastly (NASDAQ:FSLY) Stock Price Down 6.9% – Should You Sell?

Fastly, Inc. (NASDAQ:FSLY)’s stock price fell 6.9% during mid-day trading on Wednesday . The stock traded as low as $25.22 and last traded at $24.7550. 605,816 shares were traded during mid-day trading, a decline of 94% from the average session volume of 9,724,135 shares. The stock had previously closed at $26.59.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. KeyCorp increased their target price on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Evercore reissued an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and set a $29.00 price target on shares of Fastly in a research report on Thursday, August 6th. Finally, Citigroup upped their price target on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

Fastly Trading Down 6.3%

The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $20.91 and a 200-day moving average price of $21.04. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -47.06 and a beta of 0.34.

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

Insider Transactions at Fastly

In other news, CEO Charles Lacey Compton III sold 14,868 shares of Fastly stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total value of $371,700.00. Following the transaction, the chief executive officer owned 1,030,592 shares of the company’s stock, valued at $25,764,800. The trade was a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 7,889 shares of Fastly stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $20.96, for a total transaction of $165,353.44. Following the completion of the transaction, the chief technology officer directly owned 2,038,638 shares in the company, valued at $42,729,852.48. This represents a 0.39% 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 sold 166,089 shares of company stock valued at $3,144,116 in the last quarter. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSLY. Convergence Investment Partners LLC acquired a new position in shares of Fastly in the 1st quarter valued at $1,951,000. Bank of America Corp DE raised its holdings in Fastly by 120.0% during the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after buying an additional 692,459 shares during the period. Range Financial Group LLC purchased a new stake in Fastly during the first quarter valued at about $1,667,000. Castleark Management LLC purchased a new stake in Fastly during the first quarter valued at about $5,164,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Fastly by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock worth $172,825,000 after buying an additional 310,234 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.