Fastly (NYSE:FSLY) Trading Down 8.9% After Insider Selling

Fastly, Inc. (NYSE:FSLY)’s share price was down 8.9% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $10.53 and last traded at $10.4940. Approximately 1,832,913 shares changed hands during trading, a decline of 42% from the average daily volume of 3,151,843 shares. The stock had previously closed at $11.52.

Specifically, CTO Artur Bergman sold 3,222 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $12.51, for a total value of $40,307.22. Following the completion of the transaction, the chief technology officer directly owned 2,890,579 shares of the company’s stock, valued at $36,161,143.29. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Artur Bergman sold 41,080 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $11.51, for a total transaction of $472,830.80. Following the transaction, the chief technology officer directly owned 2,893,801 shares in the company, valued at $33,307,649.51. The trade was a 1.40% decrease in their position. The SEC filing for this sale provides additional information.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FSLY shares. Royal Bank Of Canada upped their target price on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Piper Sandler upped their price objective on shares of Fastly from $7.50 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Citigroup raised their target price on shares of Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Oppenheimer began coverage on shares of Fastly in a research report on Monday, November 17th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fastly presently has a consensus rating of “Hold” and an average price target of $10.08.

Fastly Stock Down 9.7%

The firm’s 50 day moving average price is $9.63 and its two-hundred day moving average price is $8.13. The firm has a market capitalization of $1.55 billion, a PE ratio of -10.94 and a beta of 0.97. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm 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%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, research analysts forecast that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Fastly

A number of hedge funds have recently bought and sold shares of the business. Banque Transatlantique SA bought a new stake in shares of Fastly in the first quarter worth $38,000. Byrne Asset Management LLC acquired a new position in Fastly in the third quarter valued at approximately $43,000. Quarry LP acquired a new position in Fastly during the 3rd quarter valued at approximately $49,000. Geneos Wealth Management Inc. bought a new position in shares of Fastly during the first quarter worth about $52,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Fastly in the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

About Fastly

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.