Fastly (NYSE:FSLY) Insider Scott Lovett Sells 34,517 Shares

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 34,517 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $10.15, for a total value of $350,347.55. Following the transaction, the insider owned 1,044,255 shares in the company, valued at $10,599,188.25. This trade represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fastly Trading Up 2.4%

FSLY traded up $0.24 during midday trading on Thursday, hitting $10.25. The company’s stock had a trading volume of 3,021,942 shares, compared to its average volume of 3,291,445. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $12.59. The firm has a 50-day moving average price of $9.95 and a two-hundred day moving average price of $8.33. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.53 billion, a P/E ratio of -10.68 and a beta of 0.97.

Fastly (NYSE:FSLY) last released its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The business had revenue of $158.22 million for the quarter, compared to analysts’ expectations of $151.04 million. During the same period last year, the company earned $0.02 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. On average, research analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On Fastly

Institutional investors and hedge funds have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new stake in shares of Fastly in the third quarter valued at about $43,000. Quarry LP purchased a new position in Fastly in the 3rd quarter worth approximately $49,000. Banque Transatlantique SA purchased a new position in Fastly in the 1st quarter worth approximately $38,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Fastly in the third quarter valued at approximately $56,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Fastly during the third quarter valued at approximately $57,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FSLY. Piper Sandler upped their price objective on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. DA Davidson upped their price target on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada raised their price objective on Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Citigroup lifted their price objective on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Fastly has an average rating of “Hold” and an average target price of $10.64.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.