Fastly (NYSE:FSLY) Shares Gap Up – Time to Buy?

Fastly, Inc. (NYSE:FSLY) shares gapped up before the market opened on Monday . The stock had previously closed at $10.08, but opened at $10.74. Fastly shares last traded at $10.6010, with a volume of 459,512 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. Piper Sandler boosted 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. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. DA Davidson lifted their price target on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Finally, Royal Bank Of Canada increased their price objective on Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Two research 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’s stock. According to data from MarketBeat, Fastly currently has a consensus rating of “Hold” and an average price target of $10.64.

Fastly Trading Up 4.7%

The company has a market capitalization of $1.58 billion, a P/E ratio of -11.03 and a beta of 0.97. The company has a 50-day simple moving average of $9.85 and a 200 day simple moving average of $8.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46.

Fastly (NYSE:FSLY) last announced its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $158.22 million for the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. Fastly’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Sell-side analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Scott R. Lovett sold 9,779 shares of Fastly stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $10.23, for a total value of $100,039.17. Following the completion of the transaction, the insider owned 1,078,772 shares in the company, valued at approximately $11,035,837.56. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Lacey Compton III sold 18,455 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $10.23, for a total transaction of $188,794.65. Following the transaction, the chief executive officer owned 640,858 shares in the company, valued at approximately $6,555,977.34. This trade represents a 2.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 746,943 shares of company stock worth $7,570,609 in the last quarter. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FSLY. Arizona State Retirement System lifted its stake in Fastly by 3.2% in the third quarter. Arizona State Retirement System now owns 40,705 shares of the company’s stock valued at $348,000 after buying an additional 1,253 shares during the period. Vident Advisory LLC boosted its stake in Fastly by 4.4% during the 1st quarter. Vident Advisory LLC now owns 34,316 shares of the company’s stock worth $217,000 after acquiring an additional 1,438 shares during the last quarter. Parallax Volatility Advisers L.P. grew its holdings in Fastly by 13.8% during the third quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after purchasing an additional 1,465 shares during the period. Hsbc Holdings PLC increased its stake in Fastly by 6.1% in the first quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock valued at $175,000 after purchasing an additional 1,612 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Fastly by 12.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,433 shares of the company’s stock worth $137,000 after purchasing an additional 2,210 shares during the period. 79.71% of the stock is currently owned by institutional investors.

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.