Hussman Strategic Advisors Inc. Boosts Stock Holdings in Fastly, Inc. $FSLY

Hussman Strategic Advisors Inc. raised its stake in Fastly, Inc. (NYSE:FSLY) by 100.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 210,000 shares of the company’s stock after acquiring an additional 105,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.14% of Fastly worth $1,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Byrne Asset Management LLC bought a new stake in shares of Fastly in the third quarter worth about $43,000. Geneos Wealth Management Inc. bought a new stake in Fastly in the 1st quarter worth approximately $52,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Fastly during the 3rd quarter worth approximately $56,000. State of Alaska Department of Revenue bought a new position in shares of Fastly during the 3rd quarter valued at approximately $57,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Fastly in the first quarter valued at $78,000. Institutional investors own 79.71% of the company’s stock.

Fastly Stock Performance

Fastly stock opened at $10.28 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $1.54 billion, a P/E ratio of -10.71 and a beta of 0.98. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.59. The company’s 50-day moving average is $10.35 and its 200 day moving average is $8.88.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Fastly from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. Piper Sandler upped their target price on shares of Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research report on Monday, December 15th. Oppenheimer started coverage on Fastly in a research note on Monday, November 17th. They set a “market perform” rating on the stock. Finally, Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fastly has an average rating of “Hold” and a consensus target price of $10.64.

Insider Buying and Selling at Fastly

In other Fastly news, insider Scott R. Lovett sold 42,118 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total value of $425,391.80. Following the sale, the insider owned 1,002,137 shares in the company, valued at $10,121,583.70. This trade represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Artur Bergman sold 220,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $10.67, for a total transaction of $2,347,400.00. Following the sale, the chief technology officer directly owned 3,121,276 shares of the company’s stock, valued at $33,304,014.92. This represents a 6.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 869,248 shares of company stock worth $9,140,076 in the last ninety days. 6.70% of the stock is currently owned by corporate insiders.

About Fastly

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.